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Deepak Jain, CEO of a Maryland-based IT services firm, has been indicted for fraud and making false statements after allegedly falsifying a Tier 4 data center certification to secure a $10.7 The Tier 4 data center certificates are awarded by Uptime Institute and not “Uptime Council.”
In December, reports suggested that Microsoft had acquired Fungible, a startup fabricating a type of data center hardware known as a data processing unit (DPU), for around $190 million. ” The Fungible team will join Microsoft’s data center infrastructure engineering teams, Bablani said. .
We are excited to announce the acquisition of Octopai , a leading data lineage and catalog platform that provides data discovery and governance for enterprises to enhance their data-driven decision making. This dampens confidence in the data and hampers access, in turn impacting the speed to launch new AI and analytic projects.
Schumacher and others believe AI can help companies make data-driven decisions by automating key parts of the strategic planning process. This process involves connecting AI models with observable actions, leveraging data subsequently fed back into the system to complete the feedback loop,” Schumacher said.
DDN , $300M, data storage: Data is the big-money game right now. Private equity giant Blackstone Group is making a $300 million strategic investment into DDN , valuing the Chatsworth, California-based data storage company at $5 billion. Of course this is far from the only play the Blackstone Group has made in the data sector.
Back when I was a wee lad with a very security-compromised MySQL installation, I used to answer every web request with multiple “SELECT *” database requests — give me all the data and I’ll figure out what to do with it myself. Today in a modern, data-intensive org, “SELECT *” will kill you. That’s where Select Star comes in.
Data on startups is dreadful. Data about startups is helpful to understand directional trends and how the flow of capital works and changes over time. But as ventures as an asset class grows and the documentation around raises gets thornier, the data can sometimes be missing a big chunk of what’s actually happening on the scenes.
One must ask: What happens when an advertising company — armed with the terabytes of data points it has harvested from our personal emails, location data, song preferences and shopping lists — now wants to be our bank? Data is the grand prize for Big Tech, not revenue from financial services.
StepZen , a new startup from the crew who gave you Apigee (which was sold to Google in 2016 for $625 million) had a different vision for their latest company. They are building a single API that pulls data from disparate sources to help developers deliver more complex customer experiences online.
Conventional electronic media like flash drives and hard drives require energy consumption to process a vast amount of high-density data and information overload and are vulnerable to security issues due to the limited space for storage. There is also an expensive cost issue when it comes to transmitting the stored data.
Many companies collect data from all of their users, but they don’t know what is good or bad data until it is collected and analyzed. Founded in 2016, the Culver City-based observability and data company launched its Data Intelligence product following the raise of $45 million in Series B funding led by New Enterprise Associates.
In 2016, Andrew Ng, one of the best-known researchers in the field of AI,wroteabout the benefits of establishing a chief AI officer role in companies, as well as the characteristics and responsibilities such a role should have. One thing is to guarantee the quality and governance of data. And then there is technology, she says.
Traditionally, a data lake was a place to store amorphous unstructured data, while a data warehouse was where you put very structured data like credit card information. The company was growing fast and had a serious data problem. And data lakes let you scale to huge amounts of data,” he said.
Select Star , a startup providing data discovery, lineage and governance tools to mostly enterprise organizations, today announced that it raised $15 million in a Series A round led by Lightspeed Venture Partners with participation from Bowery Capital, Sozo Ventures and Pebblebed.
Launched in August 2020, t he company streamlines various financial data in a single API for companies and third-party developers. Compare the payments market now with 2016, when Paystack and Flutterwave just started. That’s why our focus isn’t only on open banking but data.
million people, according to OECD data. To help meet SMEs’ financial needs in the country, Seoul-based fintech startup Korea Credit Data (KCD) said Thursday that it has raised $24.7 In total, KCD has raised about $70 million in its Series D round and about $112 million since its 2016 inception, said CEO of KCD Kelvin Dongho Kim.
Over the last decade, the rate at which organizations create data has accelerated as it becomes cheaper to store, access, and process data. But as data continues to grow in scale and complexity, it’s becoming scattered across apps and platforms — often leading to problems where it concerns data quality.
For example, we have an exciting use case for cleaning up our data that leverages genAI as well as non-generative machine learning to help us identify inaccurate product descriptions or incorrect classifications and then clean them up and regenerate accurate, standardized descriptions. Thats why we talk about clean data and AI-ready data.
Onehouse emerged last year with a cloud data lake product built on top of the open source Apache Hudi project. The startup wants to act as an integration layer to move data between different repositories, rather than competing directly with larger data lake vendors like Snowflake and Databricks.
However, enterprise cloud computing still faces similar challenges in achieving efficiency and simplicity, particularly in managing diverse cloud resources and optimizing data management. The rise of AI, particularly generative AI and AI/ML, adds further complexity with challenges around data privacy, sovereignty, and governance.
Union AI , a Bellevue, Washington–based open source startup that helps businesses build and orchestrate their AI and data workflows with the help of a cloud-native automation platform, today announced that it has raised a $19.1 Series A to simplify AI and data workflows with Flyte by Frederic Lardinois originally published on TechCrunch
In 2016, Major League Baseball’s Texas Rangers announced it would build a brand-new state-of-the-art stadium in Arlington, Texas. The old stadium, which opened in 1992, provided the business operations team with data, but that data came from disparate sources, many of which were not consistently updated.
Several years ago, on a dairy farm in the small Irish village of Dundrum, four technologists — Maxim Dressler, Ryan Lasmaili, Shaun Mc Brearty and Tilo Weigandt — brainstormed solutions for what they saw as a fundamental problem in data security: unencrypted text files.
Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years. A philosophy centered around iteration informed by data, quick turnarounds and a laser focus on taking advantage of China’s huge e-commerce ecosystem has helped this company’s revenues rise rapidly since it started five years ago. Contributor.
For this list, weve largely ignored data breaches, with other lists available for those interested. And way back in 2016, Tay, an experimental AI chatbot Microsoft let loose on Twitter, voiced support for genocide and for Nazis. And weve already published a list of recent AI failures , several of which happened in the past year.
million in 2016. And that’s what the Zimbabwean government sought to accomplish when it introduced a financial inclusion scheme from 2016 to 2020. Decentralized identity startup Spruce wants to help users control their sign-in data. The number of bank accounts in the country stood at 1.5 million in 2020.
Gen AI has become a priority tool across all industries for all types of companies, where up to 40% have a budget or related gen AI initiatives, and 30% believe this technology is disruptive to the business, according to recent data from IDC. But it’s still early days since ChatGPT burst on the scene in 2022.
In October, Limbix, a company creating digital therapeutics for adolescents, released data from a trial on its new product: SparkRx. Limbix was founded in 2016, and has about 30 employees, with plans to add 30 more by the second quarter of 2022. SparkRx is a self-guided therapy program for teens run entirely on a phone. .
The company was founded in 2016 by Femi Kuti , Opeyemi Olumekun and Matthew Mayaki. And regardless of that option is provided by a third-party partner or us, we are more concerned with how we work with the customer to guide them to the best option when it comes to accessing the healthcare data.”. Image Credits: Reliance Health.
When I first wrote about the startup in 2016 , it was focused on helping users track and cancel unwanted subscriptions. Mokhtarzada added that the company will be making big investments in data science to help follow its “north star” of financial health, where he said, “The data challenge is significant.”
Founded in 2016, Apptronik had previously raised $28 million, per the company. The new cash allowed XOi to acquire Specifx Data , an on-demand data enrichment and platform for field service equipment. Founded in 2016, Verkada says it has raised more than $700 million in funding. came from our neighbors to the north.
Per the Bessemer Cloud Index , back in 2016, the median revenue multiple for public SaaS companies was around 5x. Every dollar of recurring revenue they sold was worth $5 in market cap in mid-2016. But the value of software revenues posted a simply incredible run, and I can’t say “no” to a chart.
Of course, SoftBank knows quite a bit about the Arm ecosystem, having acquired British chipmaker Arm Holdings in 2016 for $32 billion. So far this year, its participated in eight known funding rounds, per Crunchbase data. However, it scaled back sharply in later quarters, as many of its largest unicorn bets fared poorly.
HubHaus (2016-2020). The service had its roots in the software giant’s acquisition of Beam Interactive shortly after the startup won TechCrunch’s Startup Battlefield in 2016. The Outline (2016-2020). Rubica (2016-2020). Total Raised: $11.4 Image Credits: HubHaus. They became free agents after the shutdown.)
Workmate was founded in 2016 to help businesses find frontline staff, while ensuring that workers get consistent employment. Persol Asia Pacific is part of Persol Holdings, which is listed on the Tokyo Stock Exchange. It is one of the largest human resources companies in Japan and has invested in HR tech companies including Glint.
Data plays a crucial role in Xerox’s digital transformation strategy and highlights the importance of integrating data from various sources to create a unified view that enables better decision-making and more effective marketing. Listen to the podcast to hear more about internal disruption and digital innovation!
However, according to PitchBook Data, since the beginning of 2016, companies with women founders have received only 4.4% This is despite the fact that the data show you’re better off investing in women. Almost every VC says that they invest in the “best” founders. of venture capital deals.
Slack shares are up just under 25% at the moment, according to Yahoo Finance data. While Salesforce bought Quip for $750 million in 2016 , which gave it a kind of document sharing and collaboration, Salesforce Chatter has been the only social tool in the company’s arsenal. Slack is worth $36.95
Part of the Dodd-Frank Wall Street Consumer Reform and Protection Act, passed in 2010, stated that financial institutions were required to give consumers access to their financial data electronically either for personal or third-party use. Now, healthcare is seeing a regulatory catalyst of its own.
Data shows that India’s venture capital scene has grown sharply in recent years. billion in Q2, the lowest quarterly tally since 2016. But data via KPMG and PitchBook make it plain that Q3 was a rebound , with $3.6 The Exchange spent a lot of this week digging into venture capital data and trends, something that we love to do.
Zego has now raised more than $200 million since launching in 2016. It combines tech with multiple data sources to offer insurance products that it claims save time and are more cost-effective. It earned its own insurance license in 2019, enabling it to build and sell its own policies, in addition to working alongside other insurers.
It also announced it has acquired Zepl , giving it an advanced development environment where data scientists can bring their own code to DataRobot. Zepl was founded in 2016 and raised $13 million along the way, according to Crunchbase data. The two companies did not share the acquisition price.
I sent out around 5,000 CDs (with some help from my father), before I stopped shipping CDs in 2016. I now divide my time between PerfectTablePlan and my 2 other products: data wrangling software Easy Data Transform and visual planner Hyper Plan. CDs, remember them? The PDF version of the documentation is nearly 500 pages.
These startups will join the Catalyst Fund’s existing portfolio of 37 companies, which have raised over $122 million in follow-on funding since 2016. Last year, fintechs accounted for 31% of the total funding raised by African startups per Briter Bridges data. Catalyst Fund has the backing to keep this going.
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