Jut Raises $20 Million in Series B

Based in San Francisco, CA, Jut, Inc. has secured $20 million in series B financing.

Accel Partners led the investment round, with participation from LightSpeed Venture Partners and Wing Venture Partners.

In stealth mode, Jut has built a vision around the future of big data applications.

“It’s now clear that open source big data is changing the way information infrastructure is architected for scale and cost,” said Steve McCanne, founder and CEO, Jut. “But the real opportunity lies in rethinking how enterprise applications are architected so they can make sense out of the massive volumes of big data.”

“By 2016, analysts predict that big data will drive upwards of $200 billion in IT spending. The bulk of that spending won’t be on the underlying infrastructure; it will be on products and services that derive meaning from the data. Jut lives above big data infrastructure and provides a better way for enterprises to capture, analyze, and derive insight from complex data,” said Apurva Dave, VP marketing, Jut.

Jut was founded by a team that builds companies around category-defining technology. Steve McCanne co-founded Riverbed and grew the company to a billion dollar revenue run-rate. He previously co-founded FastForward Networks, acquired by Inktomi and now a part of Yahoo.

The management team includes:

• Steve McCanne, CEO
• Larry Castro, CFO
• Mike Demmer, VP engineering
• Apurva Dave, VP marketing

Jut will use the capital to expand its engineering team and bring the first version of its product to market. It is creating a development-driven company with an open-source oriented culture; data based decision-making, and deceptively elegant answers to today’s hardest questions.

Jut is hiring JavaScript developers and big data scientists.