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The Hive: Studio for Incubating and Launching Data-Driven Businesses
“Data is going to drive disruption in virtually every business in the next 5 to 10 years. Advances in data science and new d ata infrastructure technologiesare enabling businesses to use data to drive efficiencies, generate new revenue streams and develop new business models. Business are using data to make better decisions, not only automating decision making and making faster decisions, but also smarter decisions,” explains T M Ravi, Founder of The Hive, a company headquartered in Palo Alto, CA. With a track record of being a successful serial entrepreneur, and an operating executive, Ravi is focused on working with entrepreneurs to create data-driven businesses.
"The Hive has a unique studio approach wherein Big Data technology experts, serial entrepreneurs and venture capitalists work actively together with founders to help them develop and launch their companies"
“With a focus on the Big Data space, The Hive incubates and launches companies that use data to launch innovative products and services. The Hive has a unique studio approach wherein Big Data technology experts, serial entrepreneurs and venture capitalists work actively together with founders to help them develop and launch their companies.
The Hive provides seed financing of $1.5-$3M and actively works with entrepreneurs to refine their product concept, build the team, design the business, validate the market, develop the underlying data infrastructure and secure early customers and partners. The Hive technology team helps its startups with architecture, design and a data infrastructure stack.
In the rapidly growing Big Data market, The Hive primarily focuses on companies building data-driven applications. These applications can be in LOB functional areas including security, data centre management, CRM, marketing and finance or vertical segments like media and advertising, retail and e-commerce, telecommunications, financial tech and insurance, and industrial controls and internet of things.“We are interested in verticals that lend themselves to innovative approaches and disruption by new data approaches.
These new approaches include use of data from new connected devices, combining first party, 3rd party and public data, leveraging unstructured in addition to structured data, taming the large volume and velocity of data and the use of modeling and machine learning techniques to derive insight and take actions,” asserts Ravi. “Big Data is not a category. It is also not just a technological approach. It is a business approach and an organizational culture that will permeate all business and result in significant competitive advantage,” explains Ravi.
The portfolio companies of The Hive currently include Deep Forest Media, E8 Security, StaQ, Nurego, Bridg (Ecinity), Bay Sensors, Colabo and Flutura.
The Hive also has a Think Tank to encourage visionary discussions and to build a community of thought leaders, practitioners and experts. With over 4500 members, The Hive host talks, panel discussions, and dinner discussions, all focused on Big Data that is attended by 150-650 data driven experts every week.
In the rapidly growing Big Data market, The Hive primarily focuses on companies building data-driven applications. These applications can be in LOB functional areas including security, data centre management, CRM, marketing and finance or vertical segments like media and advertising, retail and e-commerce, telecommunications, financial tech and insurance, and industrial controls and internet of things.“We are interested in verticals that lend themselves to innovative approaches and disruption by new data approaches.
These new approaches include use of data from new connected devices, combining first party, 3rd party and public data, leveraging unstructured in addition to structured data, taming the large volume and velocity of data and the use of modeling and machine learning techniques to derive insight and take actions,” asserts Ravi. “Big Data is not a category. It is also not just a technological approach. It is a business approach and an organizational culture that will permeate all business and result in significant competitive advantage,” explains Ravi.
The portfolio companies of The Hive currently include Deep Forest Media, E8 Security, StaQ, Nurego, Bridg (Ecinity), Bay Sensors, Colabo and Flutura.
The Hive also has a Think Tank to encourage visionary discussions and to build a community of thought leaders, practitioners and experts. With over 4500 members, The Hive host talks, panel discussions, and dinner discussions, all focused on Big Data that is attended by 150-650 data driven experts every week.
