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PressClub USA · Article.
BMW i Ventures Makes Investment in Yellowbrick Data, Inc.
Wed Jun 05 18:00:00 CEST 2019 Press Release
Mountain View, Calif. - June 5, 2019… BMW i Ventures today announced an investment in Palo Alto-based Yellowbrick, the technological leader in big data warehouse solutions that helps businesses derive value from large data sets in real-time. Yellowbrick’s unparalleled performance is based on an integrated full-stack system of hardware and software including their own database and file storage system. “We see data and analytics as one of the key building blocks for enhanced customer experiences across all industries going forward and Yellowbrick is well positioned to serve this market,” said Kasper Sage, Partner, BMW i Ventures. “In particular, the ability to combine both real-time and historical data presents unique opportunities for insights that could support the future development of autonomous driving technologies and better inform IoT sensor data.”
Mountain View, Calif. - June 5, 2019… BMW i Ventures today announced an investment in Palo Alto-based Yellowbrick, the technological leader in big data warehouse solutions that helps businesses derive value from large data sets in real-time. Yellowbrick’s unparalleled performance is based on an integrated full-stack system of hardware and software including their own database and file storage system.
“We see data and analytics as one of the key building blocks for enhanced customer experiences across all industries going forward and Yellowbrick is well positioned to serve this market,” said Kasper Sage, Partner, BMW i Ventures. “In particular, the ability to combine both real-time and historical data presents unique opportunities for insights that could support the future development of autonomous driving technologies and better inform IoT sensor data.”
A recent IBM study found that 90% of all data has been created in the last two years. Yellowbrick is designed to help companies find new ways to store, analyze and harness massive amounts of data on-premises, in the cloud, or as a hybrid of both, so that they can convert pieces of information into powerful insights to inform mission critical real-time decisions.
The new funding will fuel expansion, and drive growth internationally and into new business verticals.
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About BMW i Ventures
BMW i Ventures, BMW’s EUR 500 million venture capital fund,
invests money and resources in startups in the fields of autonomous
driving, digital car and automotive cloud, e-mobility, artificial
Intelligence and data, industry 4.0, shared and on-demand mobility,
customer digital life, and energy services. The firm has already
partnered with innovative companies such as Bright Machines, Carbon3D,
Chargepoint, Claroty, DesktopMetal, Graphcore, JustPark, Life360,
Moovit, Nauto, Scoop, Stratim, Tekion, Xometry, Zendrive and Zum. BMW
i Ventures invests in all stages from seedto growth companies.
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