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Austrian synthetic data startup MOSTLY AI today announced that it has raised a $25 million Series B round. Synthetic data is fake data, but not random: MOSTLY AI uses artificial intelligence to achieve a high degree of fidelity to its clients’ databases. where it already has offices in New York City.
Today I’m pleased to share that our mission to help people see and understand data becomes even stronger with our acquisition of Narrative Science, a Tableau partner since 2016 and global leader in data storytelling technologies. . This acquisition comes at a time when data has never been more important.
As is commonly the case, data sets used inside companies almost always come from diverse sources and in different, unstructured formats. Tilo’s data infrastructure tool TiloRes says it helps companies match data points from different sources and formats, by being both serverless and doing it in near real-time and at scale, claims the company.
Organizations dealing with large amounts of data often struggle to ensure that data remains high-quality. According to a survey from Great Expectations, which creates open source tools for data testing, 77% of companies have data quality issues and 91% believe that it’s impacting their performance.
Today I’m pleased to share that our mission to help people see and understand data becomes even stronger with our acquisition of Narrative Science, a Tableau partner since 2016 and global leader in data storytelling technologies. . This acquisition comes at a time when data has never been more important.
Synthesis AI , a startup developing a platform that generates synthetic data to train AI systems, today announced that it raised $17 million in a Series A funding round led by 468 Capital with participation from Sorenson Ventures and Strawberry Creek Ventures, Bee Partners, PJC, iRobot Ventures, Boom Capital and Kubera Venture Capital.
“By 2024, 60% of the data used for the development of AI and analytics projects will be synthetically generated.” ” This is a prediction from Gartner that you will find in almost every single article, deck, or press release related to synthetic data. Last but not least is the time horizon.
Samooha , a startup developing a “cross-cloud” data collaboration platform, today announced that it raised $12.5 In brief, the platform lets businesses securely share, collaborate on and gain insights from their and their partners’ data, regardless of the underlying cloud and data stack.
Comtrade — having sold the intellectual property of data monitoring software it created for Citrix and Microsoft — realized it could develop and sell data protection products through its own channels. “HYCU is … focused on data resiliency,” Taylor said.
Spin Technology , a data protection software vendor catering to enterprise clientele, today announced that it raised $16 million in a Series A round led by Blueprint Equity with participation from Santa Barbara Venture Partners and Blu Venture Investors. Gartner estimates that companies will spend $172 billion on IT security in 2022.
Data quality — the practice of testing and ensuring that the data and data sets you are using are what you expect them to be — has become a key component in the world of data science. Data may be the “new oil”; but if it’s too crude, you may not be able to use it.
Wire , the end-to-end encrypted messaging app and service, has raised a $21 million Series B funding round led by UVC Partners. to raise some funding. raise, responds to privacy concerns after moving holding company to the US. You can also view the source code on GitHub. And this focus hasn’t changed since then. “If
Heartex, a startup that bills itself as an “open source” platform for data labeling, today announced that it landed $25 million in a Series A funding round led by Redpoint Ventures. Unusual Ventures, Bow Capital, and Swift Ventures also participated, bringing Heartex’s total capital raised to $30 million.
Rahil Sondhi has been coding since he was 10 years old, and even when his career took him in the direction of an engineer, he was still writing a lot of SQL and working with data. PopSQL raises a $3.4M Other business teams that need to work with data are also taking notice of PopSQL, like marketing, finance and support, Sondhi said.
By 2025, Gartner estimates that more than 95% of new digital workloads will be deployed on cloud-native platforms, up from 30% in 2021. The cloud also widens exposure to the threat of data breaches. Meanwhile, a whopping 93% of organizations are worried about human error causing the accidental exposure of their public cloud data.
Founded out of Berlin in 2021, Qdrant is targeting AI software developers with an open source vector search engine and database for unstructured data, which is an integral part of AI application development particularly as it relates to using real-time data that hasn’t been categorized or labeled. That Qdrant has now raised $7.5
BigPanda , a startup developing AI to audit changes in IT environments and recommend how to fix them, has raised $20 million in an extension of its Series E round. UBS Next and Wells Fargo Strategic Capital contributed to the tranche, bringing BigPanda’s total raised to $340 million.
ThreatX , a vendor selling API protection services to mainly enterprise clients, today announced that it raised $30 million in a Series B funding round led by Harbert Growth Partners with participation from Vistara Growth,406 Ventures, Grotech Ventures and Access Venture Partners. billion between January and June, according to PitchBook.
Check Point Research reports that global cyberattacks increased by 38% in 2022 compared to 2021, and nearly nine in ten company boards told Gartner in a recent survey that they view cybersecurity as a “business risk” rather than solely a technical or IT issue. The popularity comes in part from the rise in cyberattacks.
Months after bagging $116 million in an extension of its Series F round, database vendor SingleStore this week announced that it raised an additional $30 million from investors including Prosperity7, the venture arm of Saudi Aramco. Gartner predicts that 75% of all databases will be migrated to a cloud service by 2022.
What’s exciting about data is that applying it doesn’t have to mean devaluing the human element of the art of fundraising. But when information is needed to develop a sound strategy, is the data readily available? Technology can pose as many productivity challenges as it solves, according to a Gartner/Deloitte report.
Two years ago, startups developing software that helps draft, manage and review contracts raised over $70 million in venture equity. Gartner predicts that legal tech spending — which includes CLM — will increase threefold by 2025. billion in 2023), contract lifecycle management, or CLM, is growing at a rapid clip.
Movable Ink today announced that it secured $55 million in a Series D funding round led by Silver Lake Waterman with participation from Contour Venture Partners, Intel Capital, and others, bringing the marketing software startup’s total raised to $97 million. The investment comes as Movable Ink — which is valued at $1.3
SingleStore , a provider of databases for cloud and on-premises apps and analytical systems, today announced that it raised an additional $40 million, extending its Series F — which previously topped out at $82 million — to $116 million. customer preferences). Otherwise, like any database system, SingleStore accepts requests (e.g.,
Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. According to data from PitchBook, venture capital investments have reached about $13.66 billion so far this year, up from $11.47 billion in 2021).
The new cash brings Opaque’s total raised to $31.9 Confidential computing protects data by performing computation in a hardware-based component called a trusted execution environment (TEE). TEEs aim to prevent the unauthorized modification of the data while it’s in use, delivering an elevated level of security.
One of the biggest challenges enterprises face is processing all the data that they gather, and — by extension — deriving insights from that data. According to a 2018 Gartner report, 87% of organizations have low business intelligence and analytics maturity. ” Processing data at scale. .
By 2025, driven partly by the need for digital services, 85% of enterprises will have a cloud-first principle, according to Gartner. In a recent MuleSoft survey , 84% of organizations said that data and app integration challenges were hindering their digital transformations and, by extension, their adoption of cloud platforms.
The new cash brings the company’s total raised to $33 million, which CEO Marc Boscher says is being put toward product development and expanding Unito’s headcount from 65 people to 70 by the end of the year. . Beamy recently raised $9 million to further develop its platform to detect and orchestrate SaaS apps.
Clint Sharp says he foresaw the observability tool market’s growth while working at Splunk, where he and colleagues Dritan Bitincka and Ledion Bitincka had to deal with moving data across different IT tools without a central point of control. Data from unbiased (i.e., ” Image Credits: Cribl.
Claravine , a self-described marketing data platform, today announced that it raised $16 million in a Series B round led by Five Elms Capital with participation from Grayhawk Capital, Next Frontier Capital, Peninsula Ventures, Kickstart Fund, and Silverton Partners. ” Claravine’s data management platform.
Otterize today raised $11.5 Image Credits: Otterize”The way most access control mechanisms work, someone has to keep track of what services should be allowed to access another service, data source or API. ” Otterize raises $11.5M ” Otterize raises $11.5M
But to do that you need a lot more transparency, so that means more data on suppliers to improve sourcing and benchmarking companies. It’s now raised a $2 million pre-seed investment round led by Flash Ventures. Meanwhile, Gartner found that 23% of supply chain leaders expect to have a digital ecosystem by 2025, up from only 1% today.
Since raising its seed round in 2020, attacks like the SolarWinds hack increased awareness of how vulnerable the software supply chain can be. Cyberpion raises $8.25M in seed funding to help businesses secure assets beyond their firewall.
In 2021, Gartner predicted that legal tech budgets would increase threefold through 2025 “as general counsel face unprecedented pressure both in terms of managing legal workload and driving efficiency in their departments.” Anderson also sees Juro , NetDocuments, and Needles as competitors.).
Clipboard Health , an app-based marketplace that matches nurses with open shifts at nearby healthcare facilities, today announced that it raised $80 million over two unannounced rounds, a $50 million Series B round in 2021 and a $30 million Series C round this year, at a $1.3 hospitals declined by more than 2%, according to data from the U.S.
PassiveLogic, a startup developing a platform to autonomously control building systems, today announced that it raised $15 million from Brookfield Growth, the investment arm of asset management firm Brookfield. But digital twin technologies share the same limitations, chief among them inaccurate modeling in the presence of inaccurate data.
Now, to raise its profile with developers adopting it, IBM has acquired a GraphQL startup called StepZen , which provides tools for those working in hybrid cloud environments to build and scale GraphQL deployments to pull data from disparate sources. The financial terms of the deal are not being disclosed.
Creatio raises $68M as the low-code space keeps attracting huge checks. “A number of people have already approached us from the world of healthcare,” he said, pointing out that these organizations, like financial services, face challenges around how to audit data and regulations around performing transactions. .
Against this backdrop, Deepset , the startup behind the open source NLP framework Haystack, today announced that it raised $14 million in a Series A investment led by GV with participation from Harpoon Ventures, System.One, Lunar Ventures, and Acequia Capital. Fortune Business Insights pegged the NLP market at $16.53 billion in 2020.
Consider that FortressIQ raised $46 million since its founding in 2017, according to PitchBook data. billion in investment , according to Crunchbase data, including a massive $1 billion Series B on an $11 billion valuation in June. . We covered the $12 million Series A in 2018 and $30 million Series B last year.
Robin says that it anonymizes usage data, aggregating it across spaces, floors and buildings. Software like Robin, he asserts, can give companies the data they need to arrive at a work strategy that pleases most — if not all, admittedly — employees. ” Some workers might not be comfortable with that level of tracking.
Affinity wants to take what Ray Zhou, co-founder and CEO, refers to as “data exhaust,” all of those daily interactions and communications, and apply machine learning analysis and provide insights on who in the organization has the best chance of getting that initial meeting and closing the deal. to $69 billion in 2020.
The Series A, which was oversubscribed — the firm initially targeted around $40 million — and wrapped up in less than three months, brings Rebellions’ total funding raised to about $80 million (100 billion KRW) at an estimated valuation of $283 million (325 billion KRW), CEO of Rebellions Park said in an interview with TechCrunch. .
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