Microsoft Acquires Analytics Insights Startup Metanautix
Microsoft Acquires Big Data Startup Metanautix.
Microsoft has acquired a young Palo Alto startup called Metanautix, a firm specializing in helping large enterprises filter through their hordes of in-house data.
Microsoft announced today that it has acquired the big-data focused company Metanautix, an innovative startup founded by Theo Vasilakis three years ago. Terms of the deal haven’t been disclosed Cofounded in 2012 by Theo Vassilakis and Toli Lerios, who previously worked at Google and Facebook respectively, Metanautix launched in September 2014 shortly after raising $7 million and after two years in development. The company sells its technology to big firms wishing to pool its myriad of data sources from across departments and divisions, covering databases and business systems such as Salesforce, to serve up meaningful insights. Vassilakis, who was an engineer at Google before becoming an entrepreneur, was able to get $7 million in capital to start Metanautix, including cash from well-known venture firm Sequoia. “Three years in, we can take this work to the next level by joining forces with Microsoft. 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.
We look forward to being part of Microsoft’s important efforts with Azure and SQL Server to give enterprise customers a unified view of all of their data across cloud and on-premises systems.” “Metanautix, an innovative company that is helping solve one of the biggest challenges in the world of data analytics: How can a company bring all of its data together for analytics to gain powerful insights, discover new opportunities and drive growth through intelligent automation?” He also added that in the coming months, Microsoft will have more to share about how they will bring Metanautix technology into the Microsoft data platform, including SQL Server and the Cortana Analytics Suite. It manages to say even less than you might expect, but did find space for its CEO to thank his employees: “It’s been a thrilling ride, but before we begin the next exciting chapter I’d like to take a moment to thank our amazing team who has made all of this possible[.]” With just $7 million raised, and most of that in years past, it isn’t impossible to guess that the company was light on cash at the time of the sale, heading into a far more challenging fundraising climate than when it launched. Microsoft has made almost 20 acquisitions this year, and “cloud” has featured prominently, including cloud security startup Adallom and cybersecurity firm Secure Islands.
Vassilakis said Metanautix was aimed at building the Quest data compute engine by integrating the data supply chain, which could enable scalable SQL access to any data. According Microsoft’s Chief Executive, Satya Nadella, along with Microsoft’s latest achievements, Metanautix also fits the strategy of building “the intelligent cloud.” This year, Microsoft made 20 acquisitions, of which “the cloud” has featured highly.
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