Now that the biggies are buying and merging with new startups, why would Microsoft lag behind? Today it has announced that it has acquired a big-data focused startup called Metanautix that started in 2014. Sequoia, a well-known venture capital firm, backed the company by $7 million in capital. The terms and conditions of the deal have not been disclosed yet.
In 2012, the company’s external funding came in the majority at the time of its founding. When the company was publicly launched, a publication reported that it had “half a dozen beta customers using [its] software.” Thus working as an independent company is over for it. What Microsoft will do is fold the company into a data platform, including SQL Server and the Cortana Analytics Suite. But for now the company is publicly light on details past those notes.
On the other hand, Metanautix did not feel inclined to reveal much. The startup said even less. It said less than what people expected. In a post, the CEO thanked the employees by saying, ‘It’s been a thrilling ride, but before we begin the next exciting chapter I’d like to take a moment to thank our amazing team who has made all of this possible.’
Now it is not even possible to guess that the company was light on cash at the time of the sale, heading into a far more challenging fundraising climate than when it launched.