BitVore Finds $4.5M For Big Data Software

Irvine-based Bitvore, a startup developing big data and intelligence-gathering software which pulls information from both public and private data sources for businesses, said this morning that it has closed a $4.5M, Series A funding round. The funding was led by serial entreprenur Yuri Pikover, as well as $1M from crowdfunding. Bitvore, led by Jeff Curie, said that it has developed a near real-time automated intelligence gathering systems that scour public and private data sources like websites, blogs, social media and email to unearth information businesses can use for competitive advantage. Bitvore said one of its first products, Bitvore for Munis, helps investment banks and hedge funds looking for an information advantage in municipal bond markets. Pikover is an angel investor, with dozens of local startup investments; he was also co-founder of Xylan (IPO, $2B acquisition) and Access 360 (acquisition by IBM). More information »