Acunu Closes $3.6M Series A
Archived Press Release (return to: www.acunu.com)
24th February 2011
Data storage specialist Acunu announced on Thursday the closing of (GBP)2.2M ($3.6M) Series A financing to help bring its first product to market.
The London based company also announced that its first product, the Acunu Storage Platform, is in private beta with companies in areas including social media, advertising and cloud computing. Registration for the forthcoming public beta is now open at www.acunu.com/beta.
Acunu provides software to address the new challenges of storing, processing and serving very large amounts of data at low cost — a fast-growing area known as “Big Data”.
It combines existing Big Data tools with a fundamental rearchitecting of the storage stack that extracts significantly higher, more predictable performance and reliability from cheap, commodity hardware — making it thousands of times faster than even high-end conventional databases.
“Acunu tackles some of the hardest challenges in Big Data, both for startups and for large enterprises, reducing time to market and increasing performance” Tim Moreton, CEO of Acunu, said. “This funding will support our growth and speed the adoption of our technology”.
Acunu provides developers with a familiar interface by using a modified version of Apache Cassandra, an open-source database based on systems used at Google, Amazon and Facebook.
Acunu’s instant thin clones, the first for any Big Data solution, improves agility and reduces deployment risk by letting each developer work with isolated copies of production datasets, however large. Its tools take complexity out of managing and monitoring and let developers focus on what matters: their applications and their data.
Acunu’s investors include Eden Ventures, Oxford Technology Management and Pentech Ventures LLP, UK based venture capital firms specialising in early stage and startup companies. Pentech numbers the European Investment Fund among its investors.
About Acunu
Acunu (www.acunu.com) was founded in 2009 to tackle the complexity and efficiency challenges posed by Big Data. Acunu’s software is simple to use and allows growing storage demands to be met with fewer computers, less power, and lower cost. It can be deployed in organisations’ own data centres or in the cloud.
Acunu’s total funding stands at (GBP)3.1M ($5.0M). Acunu has also received backing from government agencies The Carbon Trust and Finance Southeast. Started by researchers from Cambridge and Oxford Universities, Acunu is based near Old Street, London’s “Silicon Roundabout”.
Acunu is one of 37 leading UK digital companies that is being showcased as part of this year’s UK Trade & Investment (UKTI) Mission to SXSW Interactive, in Austin, Texas, in March 2011.