Originally posted on Gigaom:
Venture capital firm Accel Partners is looking to ramp up its investments in the big data and cloud computing spaces with the addition of a new principal and a new entrpreneur in residence.
New principal Jake Flomenberg comes from Splunk (s splk), where he was director of product management, and was previously at Hadoop pioneer Cloudera. New EIR Nick Mehta was most recently CEO at LiveOffice and has also been a VP at storage provider Veritas (Symantec (s symc) acquired both companies). Flomenberg will work primarily on Accel’s $100 million Big Data Fund, which it launched last November, while Mehta will likely focus a lot of attention on the intersection of SaaS applications and big data.
The firm’s Big Data Fund targets big data applications and higher-level analytics software rather Hadoop distributions, databases and other infrastructure-level technologies. According to Accel Partner Ping Li, the firm has several companies as part of that portfolio, including Code 42, RelateIQ and Vigilent. A few others are set to come out of stealth mode in the fall. Accel’s previous data-focused investments include Cloudera, Couchbase and Nimble Storage.