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Bulgarian enterprise startup MammothDB that makes big data analytics accessible for SMEs, has come second at the Web Summit startup competition (beta section for startups with traction). Formerly known as Dublin Web Summit, the startup conference has dropped “Dublin” out of its name to become probably the largest startup event in Europe, attracting over 10,000 attendees. Considering the scale of the conference, MammothDB’s poll position is a great news for Bulgarian startup ecosystem.
Here is what MammothDB does exactly. The company has developed a cloud-based solution to connect SQL-compatible tools to Hadoop to help extract and analyse big data. Hadoop is an open-source framework for storing and processing big data, so by combining Hadoop with MammothDB users get a low-cost alternative to the traditional data warehousing solutions, such as Oracle.
What’s more, MammothDB already has paying beta customers such as DHL and reportedly has nearly $500,000 in annual revenue.
The startup is founded by Steve Keil, Alex Aldev and Angel Mitev. I have known Steve Keil before Wizcom, the company he ran became Sciant, and way before it was sold to VMWare in 2007, that is, before we used the word “startup” in CEE. This is one of the “from outsourcing to innovation” stories.
Having seen Keil rocking the crowd first at TedXBG with his Play Manifesto in 2011, I am sure his presentation style has played a role in reaching the top position at the pitching competition. It must have been a memorable one, although we haven’t found a record of it, so here is the Play Manifesto instead.
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