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June 25: From BI to AI (including Apache Kafka, Confluent, Dataiku, Datarobot, Domino Data Lab, Firebolt, Incorta, Palantir, Primer, Rasgo, Splunk)

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Product Launches and Updates

Domino 4.4 Now Available

On Tuesday, June 21, Domino Data Lab announced the availability of Domino 4.4. New capabilities include Durable Workspaces, allowing data scientists to operate with multiple environments open at once; CodeSync, enhancing Domino’s existing reproducibility capabilities with native integration with common Git repositories; and the abilities to encrypt data in transit and mount NFS volumes directly to Domino. Domino 4.4 is available for existing customers immediately.

Dataiku Launches in AWS Marketplace

On June 21, Dataiku announced its availability in the AWS Marketplace. AWS customers can now use Dataiku’s visual interface to orchestrate their data pipelines and machine learning models applied to their cloud data, and Dataiku projects based on AWS-hosted data can also incorporate AWS Machine Learning Services such as computer vision or text analytics.

Palantir, DataRobot Partner to Bring Speed and Agility to Demand Forecasting Models

DataRobot and Palantir announced a new partnership on Thursday, June 24, around solving demand forecasting problems for retailers. The new Demand Forecasting framework links Palantir Foundry with DataRobot’s Model Development and Model Deployment capabilities. Prepped data is piped directly from Foundry into DataRobot where forecasting models are trained, then brought back into Foundry for operationalization.

Splunk Launches New Security Cloud

On June 22, Splunk debuted the Splunk Security Cloud, a SecOps platform with integrated security analytics and threat intelligence and an open ecosystem to correlate data across all security tools. Splunk also announced a $1B investment from Silver Lake; the funding will go towards further growth of Splunk and its ongoing cloud transformation, as well as managing a newly authorized share repurchase program.


Firebolt Ignites Growth with a $127M Series B Funding Round

Firebolt, a cloud data warehouse company, raised $127M in Series B funding this week, following up on a $37M Series A round from December 2020. All investors from the A round participated, including Angular Ventures, Bessemer Venture Partners, TLV Partners, and Zeev Ventures, with new investors Dawn Capital and K5 Global joining the B round. Firebolt will use the funding to expand its product, engineering, and go-to-market teams.

Incorta Raises $120M in Series D Funding

Wednesday, June 23, Incorta announced a $120M Series D funding round led by Prysm Capital. Other participants included GV, Kleiner Perkins, M12, Sorenson Capital, Telstra Ventures, Wipro Ventures, and new investor National Grid Ventures. This round of funding will go towards expanding Incorta’s go-to-market operations and meeting demand for Incorta’s data analytics platform.

Primer Raises $110M Series C

Primer, a natural language processing company, raised $110M in a Series C funding round, announced on Tuesday, June 24. Lee Fixel’s Addition led the round, with participation from existing investors Amplify Partners, Avalon Ventures, Bloomberg Beta, DCVC, Lux Capital, and Section 32, as well as new investors Crumpton Ventures, J2 Ventures, Sands Capital, and Steadfast. Primer also announced two partnerships: one with Microsoft to make Primer available within Azure, as well as a partnership with Palantir to make Primer available within the Palantir platform.

Rasgo Raises $20M Series A

Rasgo, a feature store, announced that it had raised an additional $20M in funding as a Series A round. Insight Partners led the round, with participation by existing investor Unusual Ventures. Rasgo will use the funds to expand its team with a focus on engineering talent, accelerate product development, and build its go-to-market.

Confluent IPO

Confluent, a data streaming platform, had its IPO June 24, raising $828M. Even with an initial offering price of $36/share, above its intended range of $29-$33/share, shares of Confluent closed up at over $45/share by the end of the first day of trading to reach a valuation of over $11 billion, indicating the continued importance of streaming analytics in supporting two key challenges: real-time context and real-time response.