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Monday, August 29, 2016

Galactic Exchange Closes Seed Financing Round for Its "Unreasonably Simple Clusters for Big Data"

MENLO PARK, CA--(Marketwired - August 29, 2016) - #GalacticExchange, Inc. today announced the closing of its seed financing round and also confirmed that the pre-release (beta) version of its flagship #ClusterGX™ product line would be available for general download at the end of September, to coincide with the O'Reilly #Strata + #Hadoop World event in New York. California based Galactic Exchange has been developing technology to hugely simplify the deployment of Hadoop / #Spark based infrastructures and associated analytics applications, both on-premise and in the cloud. "The open source software ecosystem surrounding #BigData is an impenetrable soup of complexity for most and so not surprisingly market forecasts show that services continue to demand the biggest percentage of all dollars spent," said Rob Mustarde, President & CEO of Galactic Exchange. "The enormous benefit that Big Data promises is closed to all but those with the most skilled and experienced IT staff, or those willing to pay large for outside help -- our vision is to change that." ClusterGX™ Community Edition will be free to download from the Galactic Exchange web site and will enable an organization to spin up Container virtualized Hadoop/Spark clusters in a matter of minutes with zero experience required. "There is an old adage often applied to beneficial but difficult tasks," continued Mustarde. "If it was easy, everyone would be doing it. We want to help make it easy and cost-effective so that everyone can do it -- they can have a Big Data strategy. Maybe they can implement this on their own, maybe they still need a little help or maybe they still need a lot of help -- but we believe our technology will facilitate everyone to aspire to a Big Data strategy that they would never have thought possible before they laid hands on ClusterGX™."

http://m.marketwired.com/press-release/galactic-exchange-closes-seed-financing-round-its-unreasonably-simple-clusters-big-data-2153934.htm

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