24 fundings; $600M+ invested in NYC startups in the past week. NYC Tech News for the week ending 6/12 featuring news for Clair, Frame.io, and much, much more.
Businesses spent $187B on big data and analytics in 2019. The amount of data subject to data analysis will grow to 5.2 zettabytes (1 zettabyte = 1 trillion gigabytes) by 2025. Data-driven businesses are expected to take $1.8T annually from organizations that are less reliant on data. Organizations need to integrate data into their operations to remain competitive and drive intelligent decision-making. But how do you figure out what second and third-party data to use? Nomad Data, a search engine for data sets, makes answering this very query a seamless process through automation. Prior to Nomad Data, seeking out data providers to fulfill your data requirements was inefficient and extremely time-consuming with the possibility that there may be questions about the data’s quality. AlleyWatch caught up with CEO and Founder Brad Schneider to learn more about how Nomad flips the data market to the end-user from the data provider, the company’s strategic plans, and recent round of funding from investors that include Bloomberg Beta, Alumni Ventures, Great Oaks Ventures, Correlation Ventures, DataFrame Ventures, and a number of data-industry expert angel investors.
$385M+ raised by eight startups in a busy day. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/8/2021 featuring funding details for LetsGetChecked, SIMULATE, and much more.