Accel Launches $100M “Big Data” Initiative

By November 8, 2011Technology, Venture Capital

Accel Partners just announced that they will be dedicating $100M of their existing capital towards the theme of Big Data. IDC reports big data will drive $22 billion in cloud storage and spending alone by 2015. Accel also believes much of the innovation in this space will be driven by smaller firms. Many of the data points used in Accel’s decision to launch this initiative were considered when we were defining Resonant’s industry focus. Read more here.

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