Big Data – SiliconANGLE

Automotive lifecycle data startup Solera files for IPO, seeking to raise $1.5B

Mike Wheatley — Mon, 01 Jul 2024 01:44:19 +0000

Automotive data software startup Solera Corp. filed paperwork for an initial public offering with the U.S. Securities and and Exchange Commission on Friday, confirming an earlier report from Bloomberg that first revealed its IPO plans. The filing is another sign of investors’ slowly growing enthusiasm for first-time share offerings, following a spate of successful public […]

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SingleStore adds Iceberg support and speedier vector search

Paul Gillin — Wed, 26 Jun 2024 17:00:53 +0000

SingleStore Inc., developer of a real-time database platform that performs both transactional and analytical operations in the same engine, today announced native integration with the Apache Iceberg open-source table format and advanced search and scaling capabilities. Apache Iceberg is rapidly emerging as one of the most popular formats for storing diverse datasets. It provides transactional […]

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Open lakehouse provider Onehouse lands $35M funding round

Paul Gillin — Wed, 26 Jun 2024 16:00:52 +0000

Managed data lakehouse company Onehouse Inc. said today it has raised $35 million in a Series B funding, bringing its total funding to date to $68 million. It also launched two new products to increase lakehouse performance and reduce cloud storage and processing costs. The company sells a data lakehouse as a managed service based […]

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CData raises $350M in growth capital to enhance data connectivity solutions

Duncan Riley — Wed, 26 Jun 2024 13:00:00 +0000

Data access and connectivity solutions company CData Software Inc. today announced that it has raised about $350 million in growth capital to accelerate its investments in building innovative data integration solutions for customers. Founded in 2016, CData offers data integration solutions for real-time access to online on on-premises applications, databases and web application programming interfaces. […]

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Decoding the chess moves of Snowflake and Databricks

Dave Vellante and George Gilbert — Sat, 22 Jun 2024 20:07:00 +0000

As customers try to “get artificial intelligence right,” the need to rationalize siloed data becomes increasingly important. Data practitioners could put all their data eggs into a single platform basket, but that’s proving impractical. As such, firms are moving to an open model where they maintain control of their data and can bring any compute […]

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Finbourne raises £55M to break down financial data silos with AI

Mike Wheatley — Wed, 19 Jun 2024 02:16:58 +0000

U.K.-based financial data management startup Finbourne Technology Ltd. said today it has closed on a £55 million ($70 million) middle-stage funding round to help make life easier for investment managers and financial institutions by providing them with artificial intelligence-powered insights. Today’s Series B round was led by Highland Europe and AVP, and comes after the […]

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Three insights you might have missed from theCUBE’s coverage of Data + AI Summit

Devony Hof — Wed, 19 Jun 2024 01:03:16 +0000

The competition in the data industry is intensifying as Databricks Inc. vies for dominance. The company has thrown down the gauntlet by open-sourcing its Unity Catalog. Data giants Databricks and Snowflake Inc. hosted events within a week of each other. Last week’s Data + AI Summit showcased Databricks’ increasing momentum and emphasis on collaboration. More than 66% […]

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Multi-model database startup SurrealDB raises $20M and announces cloud beta access

Mike Wheatley — Tue, 18 Jun 2024 13:00:18 +0000

Open-source database startup SurrealDB Inc. said today it has closed on a $20 million funding investment that will fund its ambitions to disrupt the big data industry. The round, led by FirstMark and Georgian with participation from Crew Capital and Alumni Ventures, brings the company’s total amount raised to date to $26 million. The startup […]

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Tinybird reels in $30M for its real-time data platform

Maria Deutscher — Mon, 17 Jun 2024 20:47:12 +0000

Tinybird Inc., a startup with a platform for powering real-time analytics projects, today announced that it has raised $30 million in funding. Balderton Capital led the Series B investment with participation from returning backers CRV, Singular and Crane. A source told TechCrunch that Tinybird is now worth $240 million. Many applications require the ability to […]

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How data transformation is shaping the future of AI: analyst insights from Howie Xu

Chad Wilson — Fri, 14 Jun 2024 16:18:56 +0000

The data transformation sweeping through the artificial intelligence industry marks a significant shift toward integrated, user-friendly platforms and innovative growth strategies. Spearheaded by companies such as Databricks Inc., this evolution is characterized by rapid expansion and strategic acquisitions designed to bolster capabilities. This transformative period is driven by the increasing need to manage diverse workloads, […]

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Impetus Technologies sees continued momentum for AI as it speeds legacy data migration to Databricks

Mark Albertson — Fri, 14 Jun 2024 00:27:19 +0000

As a partner with Databricks Inc., Impetus Technologies Inc. has been active over the past year in legacy data migration of large-scale environments to the Databricks platform. It is important work for many organizations seeking to rapidly transition from legacy systems and realize the value of data analytics and generative AI. “We’ve built IP that’s […]

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Databricks leads the way in open-source and no-code technologies: key analysis

Chad Wilson — Thu, 13 Jun 2024 21:22:57 +0000

The data and artificial intelligence landscape is undergoing a transformative shift with the integration of no-code technologies to enhance efficiency and innovation. One of the companies leading this charge is Databricks Inc., whose recent developments promise to streamline data management and processing through open-source initiatives and advanced automation. “We’ve seen the waves of innovation,” said […]

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Condé Nast supercharges reader engagement with Databricks-powered AI

Devony Hof — Thu, 13 Jun 2024 20:57:24 +0000

Condé Nast is host to 60 publications, including many beloved and long-running magazines, such as The New Yorker, GQ and Vogue. But its readers may be less familiar with the data infrastructure fueling the media empire. Building on its relationship with Databricks Inc., Condé Nast is increasingly looking toward implementing artificial intelligence with recommendation models […]

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Data transformation gets a boost with Prophecy’s AI copilot for Databricks’ users

Mark Albertson — Thu, 13 Jun 2024 18:17:26 +0000

Data transformation is entering a new era with the advent of generative AI, significantly altering how users access and manipulate data for enhanced productivity. Prophecy Inc.’s latest innovation, the industry’s first copilot for Databricks, exemplifies this trend by streamlining the preparation of raw data for analytics and AI applications. “What’s happening with data transformation is […]

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Alation partners with Databricks, Snowflake to catalog data for AI

Devony Hof — Thu, 13 Jun 2024 16:00:48 +0000

With the rise of artificial intelligence has come the rise of data storage and analytics, which are essential for companies attempting to integrate AI into their business operations. Alation Inc., a data catalog tool, has become the trusted source for 40% of Fortune 100 companies looking to ready their data for AI without breaking the […]

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How Fivetran is revolutionizing data movement, one connector at a time

Victor Dabrinze — Thu, 13 Jun 2024 15:40:31 +0000

Data pipelines are the lifeblood of enterprise operations, driving everything from business intelligence and analytics to artificial intelligence. By undertaking enterprise data movement operations, Fivetran Inc. aims to simplify data replication, AI workflows and cloud migrations. By simplifying the complexities of enterprise data movement, Fivetran empowers businesses to harness the full potential of their data with […]

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Advancing data governance in financial services: Insights from Immuta’s Chris Brown

Sead Fadilpasic — Wed, 12 Jun 2024 22:00:39 +0000

In the financial sector, where compliance and regulation are of the utmost importance, innovative approaches to data governance in financial services are essential. This evolution is driven by the need to scale securely and efficiently, leveraging advanced technologies such as generative AI and deep learning models to maintain strong security protocols while enhancing accessibility and […]

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Integrating gen AI and interoperability in data management: theCUBE’s day 1 analysis from Data + AI Summit

Chad Wilson — Wed, 12 Jun 2024 20:32:29 +0000

Data science and artificial intelligence are experiencing a seismic shift with a growing emphasis on interoperability in data management, as cutting-edge technologies such as generative AI and advanced data governance tools take center stage. Organizations are now better equipped than ever to democratize AI, making sophisticated data tools accessible to a wider audience while ensuring […]

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Enhancing data management with Apache Iceberg data lake integration

Sead Fadilpasic — Wed, 12 Jun 2024 15:41:21 +0000

The data management landscape is evolving rapidly, with organizations seeking more efficient ways to handle vast amounts of information through innovations such as Apache Iceberg data lake integration. As businesses generate and utilize increasing volumes of data, the need for flexible, scalable and integrated solutions becomes even more important. Innovations such as Apache Iceberg provide […]

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Informatica aims to reinvent data management pipeline for AI

Devony Hof — Tue, 11 Jun 2024 20:45:10 +0000

As companies invest in artificial intelligence and machine learning, Informatica Inc. is sounding the call for modernized data management. The saying, “garbage in, garbage out,” has become an apt expression for AI, which is more likely to produce inaccurate results when being fed poor data. “Everyone’s ready for AI, but your data’s not,” said Peter […]

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Qlik Connect recap: Where there’s data, there’s opportunity

Shelly Kramer — Tue, 11 Jun 2024 20:25:17 +0000

As I recap Qlik’s Qlik Connect event held this past week in Orlando, I can’t help but start with Qlik Chief Executive Mike Capone’s comments in his keynote: Where there’s data, there’s opportunity. Data is the foundation of everything today, in AI and pretty much everything in between. Today, we are experiencing a new dawn of […]

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Data observability’s crucial role in the AI era: Acceldata and Workday weigh in

Victor Dabrinze — Tue, 11 Jun 2024 19:30:19 +0000

Data quality is paramount for today’s digitized enterprises, but managing large, disparate information sources remains a significant challenge. Add to that the need for data observability and governance, as well as growing complexities from artificial intelligence, and a formidable operational minefield emerges. What expert signals are percolating on the modern imperative for clean, accurate and […]

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AlphaSense raises $650M at $4B valuation, agrees to acquire rival Tegus in $930M deal

Kyt Dotson — Tue, 11 Jun 2024 18:05:41 +0000

Market intelligence platform AlphaSense Inc. said today it has raised $650 million in funding, bolstering its valuation to $4 billion, and agreed to buy rival firm Tegus Ltd. in a deal valued at $930 million. The funding round follows a $150 million raise in September 2023 that valued the company at $2.5 billion. The current fundraise was co-led […]

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Apica integrates complex data management capabilities to enhance application observability

Mike Wheatley — Tue, 11 Jun 2024 16:00:17 +0000

Application monitoring and data management startup Apica AB has finally delivered on the integrations it promised following its recent acquisitions of Logiq.ai LLC and Circonus Inc. The company said today that its newly enhanced products will provide deeper insights into data management and make it easier for customers to benefit from them. The revamped Apica Ascent […]

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Informatica rolls out new integrations for Databricks’ cloud data platform

Maria Deutscher — Mon, 10 Jun 2024 20:46:13 +0000

Informatica Inc. is rolling out new integrations for Databricks Inc.’s cloud data platform that will help joint customers process their business information more efficiently. The integrations were developed as part of an expanded partnership that the companies announced today. In conjunction, Informatica is launching a technical blueprint designed to help customers build applications based on […]

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PrismHR adopts new spreadsheet interface for enhanced analytics

Devony Hof — Mon, 10 Jun 2024 20:33:09 +0000

Many of us have attempted to organize our lives through spreadsheets, whether it be cataloging our expenses or keeping track of applications. Now Sigma Computing Inc. is enshrining the universally accessible spreadsheet interface. Sigma’s cloud analytics platform connects to Snowflake Inc.’s Data Cloud with a spreadsheet-like interface, creating a customizable and embedded experience for customers, […]

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Crystallizing Snowflake Data Cloud Summit 2024

Dave Vellante and George Gilbert — Sat, 08 Jun 2024 15:29:41 +0000

Snowflake Inc.’s Data Cloud Summit 2024 was a weeklong event that brought together more than 20,000 of Snowflake’s core enterprise customers, developers and ecosystem partners to San Francisco this past week. The event highlighted the expanding aspirations of the company as it evolves its Data Cloud into an AI Data Cloud and a platform for developing intelligent […]

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Unlocking the power of data: How Snowflake and VideoAmp are transforming media measurement technology

Chad Wilson — Fri, 07 Jun 2024 17:00:34 +0000

The data management landscape is undergoing a revolution, driven by advanced technologies that promise unprecedented efficiency and security, especially when it comes to media measurement technology. Companies are now capable of processing enormous datasets swiftly and securely, paving the way for more informed decision-making and enhanced operational capabilities. The rise of platforms that integrate seamlessly […]

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Lyra Health enhances its mental health platform with advanced data management

Devony Hof — Fri, 07 Jun 2024 16:10:57 +0000

Our country is currently in the midst of a mental health crisis, and Lyra Health Inc., a leading provider for mental health benefits, is trying to better serve its customers through a collaboration with Fivetran Inc., an automated data movement platform. The latter company recently announced the Fivetran Managed Data Lake Service, which allows companies […]

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Qlik debuts new data integration and curation tools for generative AI systems

Mike Wheatley — Fri, 07 Jun 2024 01:03:56 +0000

Data integration platform provider Qlik Tech International AB this week debuted a new product called the Qlik Talend Cloud, saying it’s designed to deliver high-quality, trusted data to artificial intelligence systems. It was announced alongside a new generative AI assistant that promises to help companies make better use of their unstructured data. The announcements came earlier […]

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