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Data center provider fakes Tier 4 data center certificate to bag $11M SEC deal

CIO

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.”

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AIMMO bags $12M Series A to advance data labeling technology  

TechCrunch

Most artificial intelligence models are trained through supervised learning, meaning that humans must label raw data. Data labeling is a critical part of automating artificial intelligence and machine learning model, but at the same time, it can be time-consuming and tedious work. ScreenShot | AIMMO website.

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Microsoft acquires Fungible, a maker of data processing units, to bolster Azure

TechCrunch

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. .

Azure 282
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Octopai Acquisition Enhances Metadata Management to Trust Data Across Entire Data Estate

Cloudera

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.

Data 90
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AI in the C-suite: Using AI to shape business strategy

CIO

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.

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The Week’s Biggest Funding Rounds: Data Storage And Lots Of Biotech

Crunchbase News

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.

Biotech 118
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Select Star raises seed to automatically document datasets for data scientists

TechCrunch

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 271