any other large trade for DataSift — the uk startup that applies analytics to social network knowledge firehoses to floor trends, which had a extraordinary smash up with Twitter previous this year. Nick Halstead, who founded the corporate in 2010, is stepping down as CEO. Halstead will be changed via Tim Barker, DataSift’s chief product officer.
In a weblog publish asserting the transfer, Halstead writes that he made the choice “after a lot deliberation” that ended with a choice to return to building early-stage tech firms.
particularly, he says he’s now engaged on a startup referred to as Cognitive common sense. As you will see in the event you go to that link, the startup remains to be in stealth mode. there is not any knowledge in Halstead’s blog submit or the website online about what Cognitive good judgment does. (We’ve contacted Halstead to see if he will inform us extra.)
but as Halstead notes with some British understatement, “It has been rather a yr” for DataSift, and so for some it is usually unsurprising to look him step down.
DataSift firstly constructed its reputation around being one of the most only firms to have get admission to to Twitter’s firehose — the full circulate of Tweets and other metadata which are generated on the social network — and it works with quite a lot of 1/3 events to parse that information, or straight away with huge firms who take the info and chop and dice it right away. however then it discovered itself in the firing line of Twitter’s decision to take more of its giant information trade into its personal palms in April of this 12 months. Nick Halstead was very a lot at the front of the ranks, penning a public remark and speaking out towards Twitter’s strikes.
at the related time, Halstead and DataSift were taking matters into their own palms, too. in all probability suspecting that Twitter would eventually appear to build a extra direct industry on its own knowledge, DataSift diversified into working with more social networks like Tumblr, and in all probability most notably facebook.
(And certainly, taking more regulate of its firehose is precisely what Twitter did after shopping for Gnip in 2014. In April, it announced it would now not renew its firehose maintain DataSift. and then, simply this week, Twitter unveiled numerous new initiatives involving the Gnip workforce, with Gnip Insights APIs and a brand new customer care product.)
ironically, on condition that Twitter is now seeking to play nice, or at least nicer, with developers as soon as again, it’s going to be attention-grabbing to look if there may be any repair to be made in the DataSift rift. whatever it is, Halstead won’t be the one who has to broker it, even supposing he’ll stay on for advice as chairman emeritus.
DataSift has raised just below $ 78 million from traders that embrace insight project partners, Scale undertaking companions, and plenty of extra.
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