The Name Iguazio
Big data is typically defined as data in high Volume, Velocity and Variety. With our passion for hiking and trekking, we were inspired by the Iguazu waterfalls in South America where the Vs are so visible – The sheer Volume of water, the extreme Velocity of it and the wide Variety of falls and cascades in the area. The magnitude of the Iguazu waterfalls reflects the challenges of dealing with huge amounts of data enterprise, which organizations need to handle and harness nowadays in order to stay competitive.
Meaning: big water | Iguazio = Iguazu+io | Pronounced: ee-gwa-zee-o
Oh and BTW, it turns out that the Iguazu flows much faster than the Amazon…
Iguazio gives back to the community. Iguazio believes that as a high-tech startup it has a responsibility to give back to the community.
Since its early days, along with other Israeli startups and venture capital funds, Iguazio has allocated options to Tmura – the Israel Public Service Venture Fund. Tmura is a non-profit organization that seeks to increase involvement of the high-tech community in Israeli philanthropic activity, with a focus on giving aid to education and other youth activities.
Tmura has a simple model: early stage technology companies provide Tmura with stock options. Upon a liquidity event, Tmura exercises the options and then sells the shares, donating the proceeds to qualifying charities.