VC firm Andreessen Horowitz explains why it led a $23 million round in a social network for data [CNBC]
Churchill Capital Corp V Class A (CCV)
US:NYSE Investor Relations:
cmcsa.com/investors
Company Research
Source: CNBC
Andreessen Horowitz, one of Silicon Valley's most prominent venture capital firms, has placed a bet on a start-up called Instabase that's quietly building a web service where data scientists and less technical users can work with data, CNBC has learned. Last month the start-up disclosed that it had raised $23.2 million, and a spokesperson from Andreessen Horowitz confirmed it was the lead investor. The idea is that people would dump data into Instabase to make it more accessible to colleagues both inside and outside their organization. For instance, salespeople could use the product to store and access web site visitor data without requiring engineers to write queries to a visitor database. Engineers can also use it to store queries to back-end databases, which their colleagues can then explore and use. Venture-backed GitHub has been doing something similar with source code for tens of millions of developers. But data is not very well suited for GitHub's underlying
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