Ayasdi, a company that has developed data visualisation software it says uses big data to answer the questions you never thought to ask, has launched in Palo Alto with $10.25 million (£6.4 million) in funding.
Khosla Ventures and Floodgate are backing Ayasdi, which is already working with clients including US intelligence agency IARPA, Second Genome and Darpa to investigate areas such as drug discovery, cancer therapy, fraud prediction and terrorist attack prevention. Referred to as the Iris Insight Discovery platform, it's a type of machine learning that uses hundreds of algorithms and topological data analysis to mine huge datasets before presenting the results in a visually accessible way. Using algebraic topology, the system automatically hunts down data points close in nature and maps these out to reveal a network of patterns for a reserarcher to decipher -- any closely related nodes of information will be connected and clustered together, like how a social network arranges its data according to relationship connections.
By: Liat Clark, Edited by: Olivia Solon
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via Wired.co.uk
http://www.wired.co.uk/news/archive/2013-01/16/ayasdi-big-data-launch
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