Intel is looking to advance the market for NoSQL databases by joining forces with Red Hat to fund 10gen, a startup aimed at developing tools to store and manage unstructured data.
The firms said that the funding would go towards developing 10gen's MongoDB platform for big data storage and management, Intel said that the funding would be its first investment in the big data market.
"We are pleased to welcome Intel Capital and Red Hat as strategic investors," said 10gen president Max Schireson.
"We look forward to our new relationship with Intel Capital and to collaborating more closely with Red Hat to better enable and support our joint customers with integrated solutions and technologies."
Fuelled by an explosion in data and advances in hardware, the big data market has exploded in recent years. Firms are increasingly looking to analyse data which cannot be stored in the row and column structure of conventional databases.
Firms including Oracle, IBM and EMC have introduced platforms dedicated entirely to big data management, while a number of smaller vendors have emerged which specialise in various components of big data systems.
Analysts recently estimated that the big data market will create upwards of 4.4 million jobs in the coming years. To meet demand for trained analysts, vendors have sought to fund big data training programmes at universities.