News

Patni brothers to invest on big data analytics in India

Hive
Technologies, a Patni venture has made its first investment in a
Bangalore-based startup Flutura, which provides technology to oil and gas
majors. It aims to invest 1.3 to 13 crore in data analytic startups across the
country.

Arihant Patni,
managing director at Hive Technologies said, “We are thrilled to have Flutura
as our first investment. We have already started connecting them to global
customers and are building strategy and teams.”

Hive
Technologies, a Patni venture has made its first investment in a
Bangalore-based startup Flutura, which provides technology to oil and gas
majors. It aims to invest 1.3 to 13 crore in data analytic startups across the
country.

Arihant Patni,
managing director at Hive Technologies said, “We are thrilled to have Flutura
as our first investment. We have already started connecting them to global
customers and are building strategy and teams.”

Flutura deals
in the IoT (Internet of Things) analytics space and is focused on monetizable
business use cases. It operates at the intersection of Machine Data and Big
Data Analytics.

“We experience
strong demand from the US, Japan and Germany. We chose Hive for their ability
to execute through strategic relationship in these markets,” said Krishnan Raman,
chief executive at Flutura.

Several
energy, oil and gas majors use Flutura’s patent pending platform, Cerebra.
“There is lot of noise in data, we focus on storing, sensing and
responding as well tracking the value of that action,” said cofounder
Jose.

[Source: The
Economic Times
]
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