Start-ups raising VC funds face irony

RAISING money has become more challenging now given the current uncertain climate in global financial markets, said Suresh Shankar, founder and director of Singapore-based data analytics start-up Crayon Data, in an interview with The Business Times. But at the same time, he said, there is an excess of money everywhere and everyone is looking for good investment opportunities. “For start-ups seeking to raise venture capital funds, they should remember that the basics have not changed. Venture capitalists (VCs) are looking…

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Government – A Big Data Analytics playground

From citizenship applications, employment status, filing taxes to census recording – all provide massive amounts of data to the Government. A torrent of data in the form of medical files, satellite images, financial records and social media information. To a Big Data junkie, this “plethora of data” offers limitless opportunities to drive quantum leaps from information to insights, but the question is: Do we need to read the massive amount of data the Governments gather and bring data insights? What…

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Crayon offers ‘Simpler Choices’ for Big Data analytics

Crayon Data, an emerging player in the big data market, is looking to simplify the big data concept in the enterprise. After raising Rs 8.75 Crore in its second round of funding from investors, it is eyeing a Series-A round funding in early 2014. Suresh Shankar, Founder, Crayon Data and big data evangelist tells CXOtoday that the company is not only bullish on its unique approach to Big Data analytics, but is also aggresively tapping retail, banking, telecom and hospitality…

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Big Data Startup Crayon Data Wants To Chase Non Linear Revenue Growth, The Holy Grail of Indian IT

Non linear revenue growth has been the holy grail Indian IT companies have been chasing for many years. That is, how do you grow revenues without a corresponding growth in the number of people and costs? A platform play is an obvious choice. The growth in big data offers them a new opportunity. Singapore & Chennai based big data startup Crayon Data is building one such platform. The company recently announced that it raised Rs 8.75 cr in its second round of funding from…

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Big Data Made Visual

“Computers in the future may weigh no more than 1.5 tons” – Popular Mechanics, forecasting the relentless march of science, 1949. Predictions. Rock solid, one day.  Busted as myth, the next.  But the relentless march of our imagination – and creation – must go on. From children’s literature to crime thrillers, weather forecasts to wars, earthquakes to alien invasions, we are sure almost nothing will escape the tantalizing tales that big data will reveal. And so, just for the fun of it,…

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Crayon Data raises more than 1.75 mil SGD in second round of funding

BANGALORE, INDIA: Crayon Data, a Singapore-based big data start-up with a key development centre in Chennai, announced that it has raised in excess of 1.75 million Singapore Dollars (SGD) in its second round of fund raising since the initial round of funding at the end of 2012. Suresh Shankar, founder of Crayon Data said: “The success of this round reflects a valuation increase of 75 percent from the previous round of funding, which was concluded at the end of 2012.…

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Crayon Data democratizing the use of Big Data

Currently funded by a select group of private individuals and angel investors, Crayon Data is defining the Big Data landscape by not just creating products and applications but by nurturing and developing ideas and thought leadership. With a development centre in Chennai, Crayon reflects the next phase of the journey of Suresh V. Shankar, Founder, Crayon Data, as an entrepreneur, an innovator and an analytics evangelist. Crayon is in the process of building a business and technology platform that democratizes…

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Srikant Sastri to become co-founder of Crayon Data

Singapore-headquartered Crayon Data, with a development centre in India, has announced appointment of Serial entrepreneur and digital evangelist, Srikant Sastri, as its Co-Founder. Srikant said, I am excited about the way Crayon brings together the world of enterprise analytics and digital and social media onto one Big Data platform. As organizations cope with rapidly-growing silos of data within and outside their business, Crayon provides some real answers. Working with Suresh and rest of the Crayon team is something that I…

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Indian Services Entrepreneurs Venturing Into Products: Suresh Shankar and Srikant Sastri, CoFounders of Crayon Data

uresh Shankar is the Founder Director at Crayon Data. Prior to founding Crayon Data he held various positions at IBM, RedPill Solutions, ANN AMRO Bank, Young & Rubicon and JWT Fulcrum. He was the CEO at RedPill which was sold to IBM in 2009. Srikant Sastri is another serial entrepreneur and seasons executive who joined the founding team at Crayon Data. He has held varying positions at Team4U, Vivaki, an Growth-For-All before founding Crayon Data. Sramana: Before we delve into…

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The Metaphysics of Big Data: Problem of Induction

How do we, human beings, acquire knowledge? Think for a sec! And don’t tell me that it is from text books, TV, internet or newspapers etc!!! Scholars say that there are mainly (debatably) five valid ways (Perception, Inference, Comparison, Verbal Testimony and Revelation) through which human beings attain knowledge and the most reliable and widely-accepted one, according to scientists and empiricists, is Sense Perception/Experience. We encounter the world and its objects directly through our five senses. When contacted, an object…

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