INSUBCONTINENT EXCLUSIVE:
Cloudian, a company that enables businesses to store and manage massive amounts of data, announced today the launch of Edgematrix, a new
unit focused on edge analytics for large data sets
Edgematrix, a majority-owned subsidiary of Cloudian, will first be available in Japan, where both companies are based
It has raised a $9 million Series A from strategic investors NTT Docomo, Shimizu Corporation and Japan Post Capital, as well as Cloudian
co-founder and CEO Michael Tso and board director Jonathan Epstein
The funding will be used on product development, deployment and sales and marketing.Cloudian itself has raised a total of $174 million,
including a $94 million Series E round announced last year
Its products include the Hyperstore platform, which allows businesses to store hundreds of petrabytes of data on premise, and software for
data analytics and machine learning
real-time analytics is necessary
For example, it can be used to detect the make, model and year of cars on highways so targeted billboard ads can be displayed to their
drivers.Tso told TechCrunch in an email that Edgematrix was launched after Cloudian co-founder and president Hiroshi Ohta and a team spent
first because spending on AI systems there is expected to grow faster than in any other market, at a compound annual growth rate of 45.3%
