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January 8, 2014 09:01 pm GMT
The Big Data landscape continued to explode in 2013, as companies across the board scrambled to update infrastructure and technology to meet the new set of demands and opportunities brought on by a brave new, data-happy world. Investors responded in kind, pouring just over $3.6 billion into the Big Data ecosystem during the year, setting off a flurry of activity in the market, from IPOs and acquisitions to new Big Data-centric venture funds. While hype abounds in Big Data Land, these new technologies can provide the means to more easily collect and analyze data from an array of sources without breaking the bank — a key benefit to industries like healthcare. In the disconnected environment surrounding healthcare and life sciences, companies struggle to glean insight from the variety of data and fragmented sources where that data lives — at scale — while managing costs. After five years of mining Johnson & Johnson’s diverse data sets to help physicians identify better therapies, William King launched Zephyr Health in 2011 to help life science companies improve research and reduce the time it takes to bring their therapies to market. Today, Zephyr Health joined the growing ranks of Big Data startups in healthcare and life sciences drawing big money from investors, announcing $15 million in new venture financing in a round co-led by Kleiner Perkins and Jafco Ventures. As a result of the new investment, Kleiner partner Brook Byers and Jafco Partner Joe Horowitz will be joining the startup’s board of directors. The appeal of Zephyr Health’s platform compared to others bringing Big Data tools to life sciences, like the recently-funded ClearDATA for example, is that it combines NoSQL databases, machine-learning algorithms and data visualization to help life sciences companies more quickly gain insight a diverse set of data sources. Zephyr leverages these technologies to help companies improve their R&D efforts and bring new treatments to the right physicians in the healthcare funnel, reducing the cost and time it takes to complete research and bring therapies to market. However, in an industry where companies are scampering to move to the cloud and take advantage of the efficiencies Big Data tools can provide, Zephyr wants to increase its value proposition for industry players by going beyond data integration — something a host of solutions now offer, whether industry-specific or not. To do that, Zephyr not only processed data from multiple sources, but funnels that
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/afQHBNxv3bU/
Zephyr Health Lands $15M From Kleiner To Help Life Sciences Navigate Big Data, Bring Therapies To Market Faster
The Big Data landscape continued to explode in 2013, as companies across the board scrambled to update infrastructure and technology to meet the new set of demands and opportunities brought on by a brave new, data-happy world. Investors responded in kind, pouring just over $3.6 billion into the Big Data ecosystem during the year, setting off a flurry of activity in the market, from IPOs and acquisitions to new Big Data-centric venture funds. While hype abounds in Big Data Land, these new technologies can provide the means to more easily collect and analyze data from an array of sources without breaking the bank — a key benefit to industries like healthcare. In the disconnected environment surrounding healthcare and life sciences, companies struggle to glean insight from the variety of data and fragmented sources where that data lives — at scale — while managing costs. After five years of mining Johnson & Johnson’s diverse data sets to help physicians identify better therapies, William King launched Zephyr Health in 2011 to help life science companies improve research and reduce the time it takes to bring their therapies to market. Today, Zephyr Health joined the growing ranks of Big Data startups in healthcare and life sciences drawing big money from investors, announcing $15 million in new venture financing in a round co-led by Kleiner Perkins and Jafco Ventures. As a result of the new investment, Kleiner partner Brook Byers and Jafco Partner Joe Horowitz will be joining the startup’s board of directors. The appeal of Zephyr Health’s platform compared to others bringing Big Data tools to life sciences, like the recently-funded ClearDATA for example, is that it combines NoSQL databases, machine-learning algorithms and data visualization to help life sciences companies more quickly gain insight a diverse set of data sources. Zephyr leverages these technologies to help companies improve their R&D efforts and bring new treatments to the right physicians in the healthcare funnel, reducing the cost and time it takes to complete research and bring therapies to market. However, in an industry where companies are scampering to move to the cloud and take advantage of the efficiencies Big Data tools can provide, Zephyr wants to increase its value proposition for industry players by going beyond data integration — something a host of solutions now offer, whether industry-specific or not. To do that, Zephyr not only processed data from multiple sources, but funnels thatOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/afQHBNxv3bU/
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