Singapore's DataStreamX gets US$370K in seed funding
The monies will be used to beef up sales and technical teams in core markets
- DataStreamX is a Big Data startup that runs an online marketplace for real-time data
- Seed funding has come from private investors
- New funds will be used to beef up sales and technical teams in core markets
, a Singapore-based online marketplace for real-time data, today announced raising S$500,000 (US$370,000) in seed funding from private investors.
The new funds will be used to beef up sales and technical teams in core markets.
Also Read: Singapore Big Data startup Latize announces Series AA funding
“Asia is a black hole of data, there’s a goldmine of information being generated but there isn’t an organised method of distribution,” said Mike Davie, Founder, DataStreamX.
According to the company, it "allows organisations to monetise their real-time data by streaming it through DataStreamX’s information trading platform. Companies, who may otherwise have little opportunity to communicate and share, can leverage on each other’s real-time data sets on DataStreamX".
“Singapore is leading the Smart Nation wave in the region, but there’s still a lot to be done to make commercial data accessible across industries and countries for their own improvement,” said Davie.
The startup, a graduate of JFDI
, was launched in early 2014.