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Deal Alert: SRI Capital invests in US-based machine data analytics firm Glassbeam

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Santa Clara, CA (USA)-based machine data analytics company Glassbeam, Inc. has received $2 million in additional funding from investors including SRI Capital. SRI capital founder Sashi Reddy has joined the company’s board. The company has also added well known NRI entrepreneur Kumar Malavalli as its Chief Strategy Officer.

Glassbeam’s cloud-based analytics platform is designed to organize and analyze multi-structured data, delivering product and customer intelligence for companies including IBM, HDS, Aruba Networks and Meru Networks. The new funding will be used to refine patentable Internet of Things (IoT) platform – Glassbeam SCALAR, built to handle the high volume and variety of incoming data streams. 

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