The Hive: Studio for Incubating and Launching Data-Driven Businesses

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.