Photo Credit: PR, Screenshot – NFLabs
After three years in operation, NFLabs, Korea's most promising Big Data startup has raised series A funding from Big Basin Capital, Bon Angels and Coolidge Corner investment. The funding of $1.5 million USD will be primarily used to bring the startups big data analytics and visualization software to a global audience.
NFLabs CEO Sejun Ra explained, “the investment will really boost our expansion to North America. We will focus on speeding up data analysis technology by simplifying Peloton's Big Data collecting, handling, and visualizing processes, as well as increasing sales and marketing activity outside Korea.”
His feelings were echoed by Phil Yoon of Big Basin Capital who stated, “As much as Peloton is receiving interest here in Korea, I hope to see the same great results around the world. We have joined NFLabs to help them with this mission.”
Shinhuk Kang, Co-Founder of Coolidge Corner added: “Since meeting with NFLabs' founders, Sejun Ra and Munsu Lee, I was impressed by their enthusiasm, sincerity, and specialist abilities in big data.
Opportunities in big data are already huge and growing rapidly. Peloton offers enterprises an incredible opportunity to harness big data and drive their businesses forward. I am convinced that NFLabs will see rapid and sustained success in the near future.”
With the mission of democratizing big data, NF Labs has been building an “industry specific modular big data analytics platform” that aims to put big data analytics into the hands of ‘unskilled teams' across organizations. The company has addressed a pain point held by all organizations that want to implement big data analysis, namely that it is a niche skill normally undertaken by specialized teams with robust engineering expertise.
Sejun explained that, “the original tools were created by the likes of Google and Yahoo. These tools, while effective, were actually very difficult to use. Unless you were a developer these tools were beyond reach and had to be used by developer teams, rather than end users.”
