Some of Massachusetts’ most ­successful tech entrepreneurs have raised $1 million to open a computing center on Thursday in Cambridge to ensure the region remains a hotbed of research on the so-called big data tech revolution.

The center, known as hack/reduce, will provide space for 150 computer engineers and data scientists to work on solutions for understanding and ­examining the torrents of data generated from the Internet and millions of wired devices — from smartphones to medical equipment.