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Tag: venture capital

Salesforce Goes All-in on Generative AI with Einstein GPT, Integration with OpenAI

At its TrailblazerDX developer conference in San Francisco, Salesforce has announced new releases, research, and funding centered around generative AI for its CRM platform. Generative AI, specifically text generation Read more…

DataStax Nabs $115 Million to Help Build Real-Time Applications

DataStax, the commercial vendor behind the Apache Cassandra NoSQL database, today announced that it has raised $115 million in a private equity round led by Goldman Sachs. The company says it will use the round to expand Read more…

VCs Open Up the Checkbook for Observability Startups

Observability continues to be one of the biggest tech trends in big data. It certainly has the attention of venture capitalists, who have committed hundreds of millions of dollars to data observability startups in recent Read more…

Deepnote Raises $20M to Scale Jupyter-Based Data Science Biz

Deepnote, the San Francisco software firm building a data science collaboration platform atop a Juypter notebook base, today announced it has raised $20 million in a Series A round. Deepnote was founded in 2019 with a Read more…

Observable Eyes Better Data Collaboration with Series B Funding

If Observable co-founder and CEO Melody Meckfessel has her way, the $35.6 million Series B round of financing announced today will help to jumpstart the adoption of data collaboration at a level the big data industry has Read more…

Oh Snap! Data Integration Firm the Latest Unicorn

Following a Series H round of funding totaling $165 million led by Sixth Street, data and application integration vendor SnapLogic is now worth over $1 billion, the company announced today. Since it was founded in 200 Read more…

Fivetran Raises $565 Million, Buys CDC Vendor HVR

Fivetran took a big step into the world of enterprise data integration today when it announced an Andreessen Horowitz-led $565 million round of financing and plans to acquire change data capture (CDC) vendor HVR for $700 Read more…

Databricks Sees Lakehouse Validation in $1.6 Billion Round

Databricks today announced a $1.6 billion Series H round of venture capital funding at a $38 billion valuation. The company says the new money validates its lakehouse approach to big data architecture, which blends the q Read more…

Automated Data Labeler Snorkel AI Lands $85M in VC Funding

For many enterprises using AI, one of the biggest bottlenecks continues to be the difficulty in getting all their critical data into clearly sorted and labeled groups so it can be used to drive business value. Much of Read more…

Dataiku Nabs $400 Million in Quest to Democratize AI

Data science platform maker Dataiku announced today that it has reeled in $400 million in venture capital, giving it nearly $647 million in funding since it was founded in 2012, and a market capitalization of $4.6 billio Read more…

dbt Rides Wave of Modern, Cloud-Based ETL to New Heights

The explosion of data analytics on the cloud has been good for Fishtown Analytics, the Philadelphia, Pennsylvania-based company that was behind the popular open source data built tool, or dbt. Now the company is looking Read more…

Druid-Backer Imply Lands $70M to Drive Analytics in Motion

Imply, the startup founded to productize the Apache Druid database in pursuit of analytics in motion, this week announced that the completion of a $70-million Series C round of funding. Imply was founded in 2015 by so Read more…

Neo4j Sees Graph Data Science Taking Off Following $325 Million Round

Operational use cases such as fraud prediction and recommendation engines have dominated in Neo4j’s existence up to this point. But following today’s announcement of a $325-million funding round that values the graph Read more…

Alation Adds $110M to Its Catalog

Alation, the company that put the data catalog on the map, today announced the completion of a Series D round of funding worth $110 million. The influx of cash coincides with a $1.2 billion valuation, and gives the unico Read more…

Observable Seeks Democratization of Data Visualization

If a picture is worth 1,000 words, then how much is a rich, interactive data visualization worth? If you’re Observable, the San Francisco startup founded by the creator of D3.js and a VP of engineering at Google, then Read more…

Grafana Labs Visualizes Growth with $50M Round

Grafana Labs, developer of a popular open source tool for visualizing logs and metrics, today announced that it’s raised $50 million in a Series B round of investment. The company’s CEO, Raj Dutt, tells Datanami the Read more…

Explorium Platform Billed as App Store for Predictive Models

As the need for more reliable model training grows, so also does investor interest in funding data science startups seeking to leverage automation to track down and match the appropriate data sets to a given model and ap Read more…

Staying On Top of ML Model and Data Drift

A lot of things can go wrong when developing machine learning models. You can use poor quality data, mistake correlation for causation, or overfit your model to the training data, just to name a few. But there are also a Read more…

Couchbase Nabs $105M as it Readies Cloud Offering

Armed with $105 million in fresh venture funding, NoSQL vendor Couchbase is ramping up to make a big splash in the cloud, which has become the new battleground for databases. While gunning for cloud NoSQL supremacy, the Read more…

Dremio Preps for Growth with $70M in the Bank

In the midst of an unprecedented viral pandemic and the threat of a major economic recession, data middleman Dremio provided the rare bit of good news when it announced today that it raised $70 million in venture capital Read more…

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