The convergence of big data analytics and the API economy has been prognosticated for a while. Now Apigee wants to turn that prediction into reality. With the acquisition today of InsightsOne, the provider of API integration and management tools is moving to tightly couple predictive big data analytics software with applications looking to invoke analytics via an API. Instead of building predictive analytics capabilities from the ground up, Apigee CEO Chet Kapoor envisions a world where developers apply analytics to any number of processes via an API.
Sociocast raised $1 million in funding from New York’s Raptor Ventures, bringing its total to nearly $6 million. As CEO and founder Albert Azout told Sean Ludwig at Venturebeat, the Prediction API is useful to advertising, social and gaming, retail, finance and government.