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May 21, 2021: From BI to AI: A Weekly Recap of Data and Analytics

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Product Launches and Updates

Alteryx Debuts Alteryx Machine Learning, Enhances Alteryx Intelligence Suite
On Wednesday, May 19, at its Inspire conference, Alteryx debuted Alteryx Machine Learning, an automated machine learning platform. Alteryx Machine Learning supplies guided automated machine learning with an “Education Mode” and ready-to-use machine learning models that both analysts and data scientists can use in their workflows. It’s currently available to Alteryx customers in early access.

In addition, Alteryx revealed updates to Alteryx Innovation Suite that extend its own AutoML capabilities to address unstructured and complex data, such as natural language processing, text mining, computer vision, topic modeling, and sentiment analysis.

Alteryx also announced the formation of Alteryx Ventures, a $50M fund that will invest in companies that enhance the analytics and data science processes already available on the Alteryx platform.

Google Cloud Launches Vertex AI
On Tuesday, May 18, at Google I/O, Google Cloud announced the general availability of Vertex AI, a managed machine learning platform. Vertex AI unifies Google Cloud’s machine learning services in one environment, simplifying the process of building, training, and deploying models. Google claims Vertex AI can train machine learning models with almost 80% fewer lines of code than its competitors.

SAS Expands Support for Additional Cloud Providers
On Tuesday, May 18, at the SAS Global Forum 2021, SAS announced the availability of SAS Viya on AWS and GCP, with Red Hat OpenShift coming later in 2021. Viya had been available exclusively on Microsoft Azure since November 2020.

Coiled Cloud Launches at Dask Distributed Summit After Securing $21M in Series A Funding
At Dask Distributed Summit on Tuesday, May 18, Coiled, a data, AI, and ops platform, announced the general availability of Coiled Cloud. Coiled Cloud provisions distributed environments on-prem and in the three major clouds while simplifying operational management of machine learning models.

Coiled also announced $21M in Series A funding led by Bessemer Venture Partners, putting Coiled at $26M in total funding. The new round is planned to accelerate market adoption and product innovation, as well as fund further open source development of Dask, a Python-based library for parallel computing.

Funding Rounds

Immuta Announces $90 Million in Series D Funding
On May 20, Immuta announced that it had secured $90M in Series D funding. Existing investors Citi Ventures, Dell Technologies Capital, DFJ Growth, Intel Capital, Okta Ventures, and Ten Eleven Ventures participated in the round, joined by new investors Greenspring Associates, March Capital, NGP Capital, and Wipro Ventures. Immuta will use the funding to accelerate R+D, expand sales and marketing to reflect growing demand in the US, EMEA, and APAC, and enhance its strategic partnerships among other cloud data service providers. In its most recent release, Immuta announced integrations with Amazon Redshift and Azure Synapse.

Explorium Closes $75M Series C Amid Soaring Demand for External Data
Explorium, an automated external data platform, closed a $75M Series C funding round on May 18. Insight Partners led the round, supported by Fort Ross Ventures, Vintage Investment Partners, Zeev Ventures, Emerge, F2 Venture Capital, 01 Advisors and Dynamic Loop Capital. Explorium’s total funding is now at $127M.

Upcoming Events

May 24-28, 2021: Databricks to Unveil Fifth Major Open Source Project at 2021 Data + AI Summit
Databricks will host the Data + AI Summit May 24-28. The theme of the event is “The Future is Open,” referencing Databricks’ commitment to the open source community; to go along with the theme, Databricks is expected to unveil a fifth major open source project at the event. To register for this event, please visit Data + AI Summit.

June 15-17, 2021: Altair Future.AI Global Event
Altair will hold its Future.AI event June 15-17. The event is expected to highlight advances in analytics and AI. To register for this event, please visit Future.AI.