Tech
Microsoft purchases big data start-up
IT giants Microsoft announced today that it has acquired Metanautix, a big-data focused start-up that came out of stealth in 2014. The company was backed by $7 million in capital, including cash from well-known venture firm Sequoia.
Read also: Microsoft announces 4 new cool products
Terms of the deal were not disclosed and according to TechCrunch’s prior coverage of Metanautix, the company’s external funding came in majority at the time of its founding in 2012. When the company publicly launched, this publication reported that it had “half a dozen beta customers using [its] software.” Despite that, its run as an independent shop is over.
Microsoft intends to fold Metanautix into its “data platform, including SQL Server and the Cortana Analytics Suite.” For now, the software giant is publicly light on details past those notes.
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