Mountain View, CA – Thursday, September 20th. The Treasure Data Cloud Data Warehouse service enables companies to get big data analytics running in days not months without specialist IT resources and for a tenth the cost of other alternatives. Traditional data warehousing solutions – even modern alternatives such as Hadoop – are too expensive, complex and take too long for many companies to implement, so the idea of quickly launching a data warehouse service that uses the power and economics of the Cloud for companies of any size, opens up a huge potential market.
“Even before our company launch, Treasure Data has live customers on our service, one of whom has scaled from zero to over 50 billion rows of data in less than 3 months and is updating Treasure Data with 10,000 messages per second,” said founding CEO, Hiro Yoshikawa. “Our vision and mission is to use the Cloud service model to bring big data and data warehousing to companies of any size.”
The founding team includes open source veterans, internationally known hackers and Stanford grads and is led by Hiro Yoshikawa. Hiro is a long-time open source advocate and at Red Hat was a catalyst in bringing together open source innovation and enterprise computing. His CTO and co-founder is Kaz Ohta, an acknowledged expert on distributed and parallel computing who founded the Hadoop User Group in Japan, the world’s largest such group. The Treasure Data Cloud Data Warehouse service already manages over 100 billion rows of data for paying customers that range from Fortune 500 companies, leading social gaming companies to data-driven social start-ups. The company is backed by angel funding from investors drawn from leading venture capital firms and entrepreneurs from open source and enterprise software companies.
Treasure Data Investor and Board Member, Bill Tai, commented “One hundred billion of anything is amazing. The Treasure Data service is handling some insanely big data for its blue chip customer base. To see the Treasure Data team scaling its infrastructure and executing on this scale has been amazing. Great things can happen when a team that can execute, hits a huge wave with perfect timing. We’re in for a ride, and I’m excited to be their investor.”
Treasure Data officially launches on September 27th, 2012. More information is available at www.treasuredata.com.