The first company presenting in today’s TechCrunch Disrupt startup Battlefield is an Austin based startup called Cyfeon.
Cyfeon has only been beta testing for two months. They are a very early stage, non-funded startup. They’ve created a tool called “Answer Factory” that lets any business pull data from anywhere, anytime in any format to get better answers to queries. Answer Factory is the answer for the headaches that can come from big data.
“Businesses are being overwhelmed with the amount of data they have to rely on to make decisions,” Cyfeon CEO Brandon Smith said. “And they are missing important information that might help drive better financial or operational performance. We’re convinced there is a market for technology that makes use of all available data to improve answer quality.”
The Answer Factory dashboard allows businesses to pull data from any source at any time. The data being pulled can be structured or unstructured and then unified using the Answer Factory platform. Businesses without huge IT departments can benefit from Cyfeon’s drag and drop solution.
“Data isn’t worth anything if it cannot be effectively used,” said Cyfeon CTO Chance Coble. “When we started developing Answer Factory, we knew there were tools out there to provide answers to database queries. But we didn’t see any product that effectively brings all that information together to deliver the best possible answer. We wanted to make big data a big benefit to businesses.”
Although Austin has a thriving tech scene and TechCrunch has held events at South By Southwest, Cyfeon is the first Austin startup in TechCrunch Disrupt’s five year history to be invited to participate in the highly coveted startup Battlefield.
Thirty startups will launch during the Battlefield competition but only one will go home with the $50,000 grand prize and the Disrupt Cup. The Disrupt Cup isn’t just about the money, previous winners of Disrupt Cup have secured millions in funding after winning the prize.
Judging this years Disrupt NYC Battlefield are: Michael Arrington (founder TechCrunch/Crunchfund), Roelof Botha (Sequoia Capital), Chi-Hua Chien (Kleiner Perkins Caufield & Beyers), Chris Dixon (co-founder Hunch), Marissa Mayer (VP Google), Fred Wilson (Union Square Ventures).
Find out more about Cyfeon here
Check out our coverage of TechCrunch Disrupt NYC here
Check out TechCrunch’s coverage of Disrupt NYC here
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