- Companies have a growing need for tools to help them store, analyze, and manage massive amounts of data.
- Business Insider asked venture capitalists to name the top startups in the big data space — including ones that they have no relationship to — and why they think the company will boom in 2020.
- Here are the 29 startups they named, plus how much they’ve raised.
- Visit Business Insider’s homepage for more stories.
Data operations and data engineering have taken off, investors say.
Companies are increasingly collecting vast swathes of data, though it’s often fragmented across the silos of their business. This makes tools for processing that data — and staying in line with regulations to keep it private and secure — more necessary than ever, says Derek Zanutto, general partner at CapitalG (formerly Google Capital).
“It’s a pretty interesting space now given the pain points you’re seeing from large enterprise accounts,” Zanutto told Business Insider.
To glean value from their data, companies are also turning to tools to analyze and process data using AI and machine learning, which can have a “pretty dramatic impact” on an organization, says Louisa Xu, partner at IVP.
“Data science budgets aren’t going away anytime soon,” Xu told Business Insider.
Zanutto, Xu, and more than a dozen other investors recommended the top 29 data startups they believe will thrive this year and why (all funding data from PitchBook unless otherwise noted):