June 4, 2021: From BI to AI featuring Alation, Cazena, Cloudera, Datacoral, Dataiku, Interative, and Stemma
This week’s roundup From BI to AI features Alation, Cazena, Cloudera, Datacoral, Dataiku, Interative, and Stemma. If you would like your announcement to be included in Amalgam Insights’ weekly data and analytics roundups, please email firstname.lastname@example.org.
On June 1, Cloudera announced that it had agreed to be acquired by investment companies Clayton, Dubilier, and Rice, and KKR for a $5.3B sum, transitioning to a private company. Financial results for Q12021 were released at the same time, with subscription revenue up 7% year over year.
Cloudera also acquired two SaaS companies in separate transactions. Datacoral enables data transformations and data integration, while Cazena implements quick cloud data lakes. Both companies provide fully managed services that facilitate data preparation for self-service analytics.
On Thursday, June 3, Alation, an enterprise data intelligence platform announced that it had raised a $110M Series D funding round. Riverwood Capital led this round of funding. Other participants also included existing investors Costanoa Ventures, Dell Technologies Capital, Icon Ventures, Salesforce Ventures, Sapphire Ventures, and Union Grove Partners, along with new investments from Sanabil Investments and Snowflake Ventures. Amalgam Insights’ Hyoun Park wrote about this example of “investipartnering,” and provides recommendations for the data management community.
On Thursday, June 3, Stemma announced that it had raised $4.8M in seed funding, led by Sequoia, and subsequently officially launched their data catalog product. Built atop the open-source data catalog Amundsen, Stemma provides enterprise-scale management capabilities and an intelligence layer based on relevant context.
Iterative.ai, an MLOps platform, announced Wednesday, June 2 that it had raised a $20M Series A round. 468 Capital and Florian Leibert led the round, which also included prior investors True Ventures and Afore Capital. Iterative.ai also debuted its first commercial product, DVC Studio, a visual front-end on its open source projects DVC (Data Version Control) and CML (Continuous Machine Learning) intended to enhance collaboration above and beyond data scientists’ usual Git methods.
Product Launches and Updates
On June 1, Dataiku announced availability through the Azure Marketplace. Azure customers can now purchase Dataiku with their existing Azure cloud budget and relationship, taking advantage of integrated access to Azure’s cloud storage and compute resources for their data science workflows.