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Big-Data Start-up Continuity Gets Seed Funding

Still in Stealth Mode, Company Gets $2.5 Million
By Maureen O'Gara
Article Rating:
January 26, 2012 05:00 AM EST
Reads:
 4,967

Continuity, a Big-Data start-up that's still in stealth mode, has gotten $2.5 million in seed money to grow on.

It's not much but it comes from the right people: Andreessen-Horowitz, Ignition Ventures and Battery Ventures, where founder and CEO Todd Papaioannou, who was Yahoo's chief cloud architect and Hadoop leader for about a year, recently did a spell as entrepreneur-in-residence.

Continuity's charter is still a secret except Battery said in a press release its goal is to "enable the development of the next wave of real-time Big Data applications," a statement that gives nothing away.

Its website is relatively enigmatic. Whatever it's developing hasn't got to private beta yet but it promises, "If you're a developer building Big Data apps, you're gonna love us. We're gonna make your life easy!"

The money, which also comes from angel investors including Bob Pasker, Paul Ambrose, Matt Ocko and The Data Collective, is meant to accelerate engineering and product development.

Before Yahoo Papaioannou worked for Teradata as VP, architecture and emerging technologies and was an early employee at Greenplum as chief architect and director of engineering. 

Published January 26, 2012 – Reads 4,967
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
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More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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