Last November my colleague David Morcillo, CTO at Adverway, and I went to the NoSQL Matters 2014 conference in Barcelona. We had a great time and attended very interesting talks by some relevant personalities in the field.

The conference started with a couple of Time Series Databases related talks. Ellen Friedman started the conference with her keynote “Seeing with your eyes closed”, where she brought us back to the 1800s when Matthew Fountain Maury carried out an analysis of timestamped measurements logged by sailors that produced accurate wind and current charts, in what she referred as the precursor of what nowadays we call Big Data.

Ted Dunning followed with his talk Very High Bandwidth Time Series Database Implementation, introducing OpenTSDB and MapR technologies, regarding scalable distributed Time Series Databases. Internet and mobile devices have plenty of sensors, and those are being used to log vast amounts of timestamped data. The need for specialized systems able to handle this kind of data extends to more and more projects and organizations, and NoSQL databases have a lot to explore and improve there.

Another interesting talk was the one given by Simon Elliston Ball, “When to NoSQL and When to Know SQL. He went on not only through the typical review and classification of the NoSQL technologies available, but he leveraged their strengths and weaknesses compared to good old SQL RDBMS. The results were not always those expected by some.

NoSQL databases are driven by constraints that are different from those that pushed SQL to the high reliability standards offered by ACID compliance. Instead, BASE (Basically Available, Soft state and Eventual consistency) compliance embraced by NoSQL allows compromises that make scalability and performance easier.

Nonetheless, on the days of Rapid Application Design, Machine Learning, Polyglot Persistence solutions for Big Data problems and other Social Internet driven sorcery, “non-Facebook” scale enterprises ask themselves what they really need. Even though we are giving radically different uses to persistence than years ago, Big Data is not a problem everybody has.Frequently restructuring your model isn’t everybody’s case either, or not the whole model at least.

There is a growing need for broader solutions that can cover nowadays OLTP needs, that often offer aggregated data as a value to the user, and that can serve as a base for the analyses needed to drive the business in the right direction at the right time. Both SQL and NoSQL are merging features and ideas from each other that could be used to address those needs without the complexities associated to maintaining different technologies running in conjunction. More words for the soup: NewSQL emerges from the mist… or cloud?

The fact is that many of the NoSQL solutions, before very specific by design, now incorporate hybrid designs that mix graph structures, documents, eventual consistency and other typical NoSQL features with more flexible query languages. Think about ArangoDB, GraphDB or the Aggregation Framework of MongoDB. Also the big SQL vendors are incorporating NoSQL ideas that can broaden their application, like PostgreSQL with the impressive JSONB implementation or their older arrays and hstores. Or the many columnar stores like Vertica or Amazon Redshift, specifically engineered for fast aggregation.

Also, the different clients of an organization’s data need to access it in different ways, imposing more challenges to the underlying persistence technology being used. More technologies bring different access paradigms on top of databases. Like ORMs let developers speak in object-oriented languages to RDBMS, projects like Apache Drill or Cloudera Impala implement SQL over data stores engineered for large map-reduce task, enabling fast querying and ad-hoc analysis over great amounts of data.

Much of these technologies where discussed in the conference, making it clear that choosing the right tool for the job is not an easy task. And that’s a major concern when creating a startup. Testing different alternatives is always useful but we must think agile and be pragmatic.

So that’s the main reason we both were there, to know a bit more about the state-of-the-art in persistence technologies. News like the upcoming release of the Redis Cluster first quarter of 2015 were great to hear. Also, Riak 2.0 is out integrating Solr, a full-text search engine, making this tool more interesting than ever.

Nando Gessler
Developer at Camaloon

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VCs come into action — Breakdown of Spanish investment activity of January 2018

January closes with €195.3 million investments in Spanish startups within 24 operations

  • The Spanish entrepreneurial ecosystem is maturing thanks to investment rounds of more than €10 millions.
  • Barcelona and Madrid continue leading the Spanish ecosystem.

This is the first in a series of posts in which we will do an analysis of the Spanish startup investment landscape. We will look at the overall funding numbers and trends in the country month by month and compare it with data of the previous year.

What are the Spanish investment activities like on a month to month basis? What deals and volumes are we talking about? At what stages are startups prone to search investment and which regions in Spain attract the most funding?

The year 2017 brought us plenty in terms of innovation and investment activity within the area of technological startups, although Spain has been driven by political problems. The developments we have seen in 2018 so far are picking up at just the same fast pace.

January has closed with €195.3 million investments in Spanish startups within 24 operations. Of these funding rounds, highlights are the round of Cabify, Hawkers and Redpoints :

  • Cabify: The ride-hailing app that competes against Uber, has raised €143.3 million ($160) Series E funding round from a mix of previous and new investors, including Rakuten Capital, TheVentureCity, Endeavor Catalyst, GAT Investments, Liil Ventures and WTI, as well as prominent local investors from Spain and Latin America.

When analyzing the structure of financing deals, the increase in venture capital activity in Jan-18 is noticeable in comparison with Jan-17.

#Deals and volume in the Spanish startup investment landscape in January

In terms of the number of deals closed, we have seen a slight downward trend in the country. With a broad participation of Venture Capital, there have been less deals but more capital invested in each transaction. The reason for such a boost is mostly the gigantic financing round of Cabify with participation of giants’ VCs like Rakuten Capital, TheVentureCity and others.

The entry of European, American and Japanese funds investing in Spanish startups are accounting for a large percentage of the growth of the investments in Spain. At the same time, this global investment rise is making the average value of the financial rounds soar up to more than 1.5 times that of the previous year (without taking account of Cabify’s investment, that would turn this factor to more than 6 times the previous year)

The differences between January-2017 and January 2018 in terms of the increase in venture capital activity is shown below:

Startup investment deals by size of round

As we expected to see, the number of operations closed by investment size tends to a larger number in larger deals. While the number of deals of €500k or less have decreased considerably, the number of larger deals have gone up notably. This might be understood as an increasing number of companies maturing and reaching later stages of funding.

To properly ensure the aforementioned, in the following figure we show the breakdown of the investment activity by year of foundation of the company:

Startup investment activity (Jan-18) by year of foundation

Our previous statement is reinforced by this figure. The large transactions take place on established companies. In general, the more years a startup survives, the more established it is. As we observed, in average, the startups that were previously founded are those who raised more funding. That makes sense because normally an older startup has a bigger team and unless it has reached breakeven, it will need more funds to survive.

Startup investment deals by Region

Regarding the breakdown of startup investments by region, Barcelona, Madrid and Valencia bolster their position in the top of Spanish regions:

  • Cataluña (mostly in Barcelona) stands with 9 deals closed and an investment of €19 millions
  • Madrid gathers 7 deals and an investment of €148 million (€143 million in Cabify)
  • Valencia up to 3 deals and €23 million (€20 million in Hawkers)

Operations January 2018: