Versive
| Logo of Context Relevant | |
| Company type | Private |
|---|---|
| Industry | Data analytics |
| Founded | Seattle, United States (2012) |
| Founder | Stephen Purpura |
| Headquarters | 1301 5th Ave., Suite 1300, Seattle, Washington , United States |
Area served | Worldwide |
Key people | Stephen Purpura (CEO) James Walsh Art Munson Dustin Hillard[1] |
| Products | Behavioral Analytics Libraries |
Number of employees | 30[2] |
| Website | www |
Context Relevant is a big data analytics startup based in Seattle, Washington, United States.[3][4] Founded in 2012 and led by Stephen Purpura, the company sells on premise software, cloud services, and professional service solutions to help businesses accelerate analysis and actionable insight.[3][5][6][7]
As of May 2014, Context Relevant has raised $28 million in total investment.,[8] including $7M in Series A.[3][9][10]
History
Context Relevant launched with $1.3 million in seed funding from Madrona Venture Group and Seattle-based angel investor Geoff Entress.[11] Other initial investors included Mike McSherry, Cliff Kushler, and Mark Illing of Swype/Nuance.[11] The startup received an additional $1.5 million in funding from Madrona in November 2012.[12] In July 2013, Context Relevant raised a total of $7 million in a round of series A funding.[9][13][14] The round included previous investors such as Madrona Venture Group and Geoff Entress, as well as Vulcan Capital and Bloomberg Beta.[15][16][17]
Context Relevant has partnered with Good Harbor Security Risk Management,[18] a company founded by Richard A. Clarke, a counterterrorism expert and former cyber-security adviser under the Bush administration.[19] Clarke sits on Context Relevant's advisory board and, through his company, helps Context Relevant to repair security breaches and ensure security compliance, among other services.[20]
Product
Context Relevant has developed an analytics system that ingests data, determines what’s important, and creates a problem-specific solution that can be deployed while continually learning.[9][14] The proprietary high-performance machine learning technology accelerates analytics and actionable insight.[3]
Problem-specific Behavioral Analytics Libraries provide an out-of-the-box experience that reduces the workload on users building complicated models.[3][9] Deployment options include public or private clouds, traditional servers, and Hadoop clusters.[3][9] Currently available Behavioral Analytics Libraries include solutions for Online Revenue Optimization, Content Prediction, Data Quality Management and Finance.[21]
Scale-out, in-memory technology allows smart caching for small or huge datasets using more computers to parallelize the efforts, as needed.[3][21]
The Context Relevant's software has been applied to various industries such as hotel/travel and banking. The information gathered through the technology helps clients predict activity based on observed trends. It is useful for calculating financial and other risks.[2] The system can also detect fraud quickly.[22]
Awards and recognition
In May 2014 Context Relevant was named to DataBeat's Innovation Showdown.[23]
In April 2014 Context Relevant was nominated for Pacific Northwest Startup of the Year by GeekWire.[10]
In November 2013 Context Relevant was selected by GeekWire in collaboration with the Museum of History & Industry (MOHAI) and the Bezos Center for Innovation as one of the Seattle 10. This recognizes the most promising young start-up companies within the Seattle region.[24][25] Context Relevant, along with the nine other companies, was recognized at the GeekWire Gala on 4 December 2013 where they also unveiled a sketch of their business concept on giant-sized cocktail napkins.[26]
References
- ^ Cook, John (August 28, 2012). "Context Relevant rebuffs 'acquihire' offers, attracts top data scientists". GeekWire. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ a b Helm, Leslie (February 2014). "Bright Idea: Data Processing". Seattle Business.
- ^ a b c d e f g Yang, Stephanie (July 16, 2013). "Data Analysis Startup Context Relevant Raises $7M Series A Round". TechCrunch. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Company Overview of Context Relevant, Inc". Bloomberg Businessweek. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Chowdhry, Amit (July 16, 2013). "Context Relevant Raises $7 Million In Series A". Pulse 2.0. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Woodward, Curd (June 28, 2012). "Context Relevant Raises $1.3M to Democratize Data Science". Xconomy. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Wexler, Steve (February 14, 2013). "Context Relevant: Why Big Data Boffins Are In Demand". IT Trends & Analysis. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Gage, Deborah (20 May 2014). "Context Relevant Raises $21M To Automate Big Data". Wall Street Journal Digital.
- ^ a b c d e Grant, Rebecca (July 16, 2013). "Context Relevant raises $7M for 'world's fastest' predictive analytics engine". VentureBeat. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ a b Cook, John (20 November 2013). "Datatown USA: Why Seattle is poised to be the 'big data' capital of the world". GeekWire. Cite error: The named reference "Cook 2" was defined multiple times with different content (see the help page).
- ^ a b Cook, John (June 28, 2012). "From wine picks to stocks: Could the 'big data' geeks at newly-formed Context Relevant predict the future?". GeekWire. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Denne, Scott (November 15, 2012). "Context Relevant Adds $1.5M to Seed, Lands Concur as Customer". Dow Jones & Company. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Cook, John (July 16, 2013). "Data analytics startup Context Relevant scores $7M series A from Madrona, Bloomberg and others". Geekwire. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ a b "Context Relevant closes $7M series a funding". FinSMEs. July 16, 2013. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Parkhurst, Emily (July 16, 2013). "Big money for big data: Context Relevant raises $7M from Madrona, Vulcan, others". Puget Sound Business Journal. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Romano, Benjamin (July 16, 2013). "Context Relevant, Ayasdi Score Funds to Automate Big Data Analysis". Xconomy. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Kelly, Meghan (July 16, 2013). "Funding Daily: Twerk". VentureBeat. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Clemens, Jay (12 February 2014). "Richard Clarke: Context Relevant, Good Harbor Team to Help Target Cyber Threats".
- ^ "Profile: Richard Clarke". BBC News. 22 March 2004. Retrieved 20 February 2014.
- ^ Cook, 11 February 2014. "National security expert Richard Clarke to advise Seattle big data startup Context Relevant". Retrieved 20 February 2014.
{{cite news}}: CS1 maint: numeric names: authors list (link) - ^ a b "Context Relevant unveils its flagship analytics product and demonstrates game-changing approach to big data analysis". Context Relevant. August 28, 2012. Retrieved September 9, 2013.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Rasmus, Daniel W. (31 January 2014). "Analytics for the rest of us".
- ^ VentureBeat Staff (14 May 2014). "Drumroll: Announcing the 2014 DataBeat Innovation Showdown finalists". VentureBeat. Retrieved 14 May 2014.
- ^ Cook, John (14 November 2013). "Meet the Seattle 10: These innovative startups are looking to change the world". GeekWire. Retrieved 8 December 2013.
- ^ Cook, John (29 November 2013). "Check out these startup business plans, sketched on giant cocktail napkins". GeekWire. Retrieved 8 December 2013.
- ^ Soper, Taylor (5 December 2013). "The Seattle 10: Hot startups sketch business concepts on giant cocktail napkins". GeekWire. Retrieved 8 December 2013.