siliconindia | | August 20138Bidgely, the big data software company that is revolutionizing the way people use and save energy at home, has raised $5 million in new round of funding from Khosla Ventures. This brings their total funding to $8 million till date. The fund will be used to capitalize on strong customer demand and expand the engineering team. The company has developed ground-breaking ana-lytics that can itemize home energy usage data to the appliance level without using any plug-level monitors. Based in Sunnyvale, the company is a pioneer in the field of energy-disaggregation. "Most people do not even know they can get an itemized energy bill, so one thing we need to do is educate people. The second and hardest challenge is making energy more fun and interesting," says Abhay Gupta, Founder & CEO, Bidgely.Bidgely was founded in 2011 by Abhay Gupta and Vivek Garud, who were united by a passion to change the way we think about our home energy consump-tion and a vision for a low-cost technology that could achieve global impact. Today, Bidgely has presence in the U.S. and Canada and is in the process of expanding into New Zealand, Australia, France and Asia.For consumers who want a more detailed look at their energy usage, data is also available that breaks down hourly, monthly and annual consumption, spending, real-time de-mand and average elec-tricity price. "But the idea is that you do not need to get into those details to understand your utility bill and what you can do to lower it," says Gupta. The company is working with utilities with both smart meters and analog meters along with other third parties to bring their solution to consumers. Minetta Brook raises $2 Million from Naya Ventures along with TiE Angel Group Seattle Seattle based Minetta Brook, a Big Data company has come out of its stealth mode and announced a seed funding round of $2 million which was led by Naya Ventures LP and led by TiE Angel Group Seattle. Minetta Brook is led by co-founders Deepak Bharadwaj, and Prabhu Venkatesh who serve as the company's CEO and Chief Scientist respectively. The company also closed a convertible note round in February this year, which was led by Keiretsu Forum Northwest. Minetta's core technology has been built around a big data intelligence platform that enables fast discovery of relevant information from streaming structured and unstructured content. The organization today builds software to enable fast discovery of hyper-relevant information from streaming content. The company has also attracted the likes of Viplav Nigam into the management team. Nigam previously built and ran NASDAQ's trading system."Our core engine can be applied to information sources such as streaming news, enterprise document repositories, defense agency data, and social & web content to combine both unstructured and structured data to allowing for analysis of a complete picture," says Deepak Bharadwaj.Unique messaging software built by the company still finds widespread application today within the NASDAQ offices. He was also part of the original team that developed Salomon Brothers' trading systems which would eventually become the model for most of the trading systems in practice today."Our first product, knewsapp, was selected by Bloomberg as the first app to complement Bloomberg News, combining news and market data to provide real-time analytics of trading and research," adds Venkatesh.Bidgely secures $5 Million from Khosla VenturesDeepak BharadwajAbhay Gupta
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