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This was a big enough problem for one company to support all of the dataanalysis and forecasting without having to manually convert the data,” Li told TechCrunch. The idea for Daloopa came to Li five years ago, but he said the data extraction technology was not in place to get it off the ground.
All the investors, however, did agree that the sector’s biggest developments lie in automation, datacollection and dataanalysis. For Suzanne Fletcher , venture partner at Prime Movers Lab , automation is the obvious solution to the labor shortage issue.
Precise controls backed by dataanalysis can calibrate food quality, leading to further improvements in yields while reducing raw inputs like water. It’s the secret sauce that ties its automated systems, sensors and datacollection together into a central nervous system.
Other investors in the round include Matrix Partner China, Redpoint China Ventures and Source Code Capital. That’s not the end of datacollection. That means auto companies need more robust tools to process the ocean of data they own, which is where graph databases come into play.
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