Data

IDC has released its forecast for the big data market and predicts it will grow to $32.4 billion by 2017, at a compound annual growth rate of 27 percent. The fastest-growing segment will be cloud infrastructure, which IDC predicts will grow at 49 percent per year. Last year, IDC predicted a $23.8 billion market by 2016 at a CAGR of 31.7 percent. It also predicted the storage would be the fastest-growing segment at 53.4 percent. The research firm acknowledges the changes and attributes them (and other changes in methodology) to fluidity in a new, fast-moving market — a fair point and a smart decision if the company wants its forecast to remain relevant.

Datameer, one of the first companies to offer software for easily analyzing data stored in Hadoop (it lets users use a spreadsheet interface to work with data), has raised a $19 million series D round of venture capital. Next World Capital led the round, which also included its existing investors and Workday, Citi Ventures and Software AG. Datameer has proven pretty resilient even as other early Hadoop-ecosystem startups have suffered, in part I assume because it been proactive on product design — it was quick to adopt HTML5 and add advanced visualization options — and getting the product in potential users’ hands via single-node and laptop versions of the product.

Avago Technologies has agreed to buy LSI Corp. for $11.15 per share in an all-cash transaction valued at $6.6 billion. The deal will add LSI’s enterprise storage capabilities to Avago’s networking and industrial businesses. As the data center consolidates and becomes more virtualized the chip industry is reacting with more integration. This deal can be seen as an extension of that trend.

Open source database startup RethinkDB has raised an $8 million series A round, led by Highland Capital Partners. Like MongoDB, RethinkDB is designed to store JSON documents, but it boasts features around administration, scalability and functionality that MongoDB doesn’t offer. Even getting close to MongoDB in terms of users (especially meaningful ones running in production) will be a tall order, but RethinkDB has raised $12.2. million in capital thus far, which isn’t exactly chump change when it’s all going right back into the product and the community.

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