Jut has secured $20 million in series B financing. Accel Partners led the investment round, with participation from LightSpeed Venture Partners and Wing.
The real big data opportunity lies in rethinking how enterprise applications are architected so they can make sense out of massive data volumes.
"By 2016, analysts predict that big data will drive upwards of $200 billion in IT spending. The bulk of that spending won’t be on the underlying infrastructure; it will be on products & services that derive meaning from the data. Jut lives above big data infrastructure and provides a better way for enterprises to capture, analyze, and derive insight from complex data," said Apurva Dave, VP of marketing at Jut.
