July 23: From BI to AI (Cube Dev, Dremio, Google Cloud, Julia Computing, Lucata, Palantir, Redpoint, Sisense, Vertica, Zoom)
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Product Launches and Updates
On July 21, at Subservice Live, Dremio debuted Dremio Cloud, a cloud-native SQL-based data “lakehouse” service. The service marries various aspects of data lakes and data warehouses into a SQL lakehouse, enabling high-performance SQL workloads in the cloud and expediting the process of getting started. Dremio Cloud is now available in the AWS Marketplace.
On July 22, Google Cloud announced Healthcare Data Engine, now in private preview. Healthcare Data Engine integrates healthcare and life sciences data from multiple sources such as medical records, claims, clinical trials, and research data, enabling a more longitudinal view of patient health along with advanced analytics and AI in a secure environment. With the introduction of Amazon HealthLake last week, it’s clear that expanding healthcare and life sciences analytics capabilities continue to be a top priority among data services providers.
Dipping a toenail into the waters outside their usual large established organization customer base, Palantir announced the launch of Foundry for Builders, providing access to the Palantir Foundry platform for startups under a fully-managed subscription model. Foundry for Builders is starting off with limited availability; the initial group of startups provided access are all connected to Palantir alumni, with the hope of expanding to other early-stage “hypergrowth” companies down the road.
On July 20, Redpoint announced In Situ, a service that provides data quality and identity resolution. In Situ uses Redpoint’s data management technology to supply identity resolution and data integration services in real time within an organization’s virtual private cloud, without needing to transfer said private data across the internet.
On July 21, Sisense debuted the Sisense Extense Framework, a way to deliver interactive analytics experiences within popular business applications. Initially supported apps include Slack, Salesforce, Google Sheets, Google Slides, and Google Chrome, now available on the Sisense Marketplace. The Sisense Extense Framework will be released more broadly later this year to partners looking to build similar “infusion” apps.
On June 20, at Vertica Unify 2021, Vertica announced the Vertica 11 Analytics Platform. Key improvements include broader deployment support, strengthened security, increased analytical performance, and enhanced machine learning capabilities.
On July 19, Cube Dev announced that they had raised $15.5M in Series A funding. Decibel led this round, with participation from Bain Capital Ventures, Betaworks and Eniac Ventures. The funding will be used to scale go-to-market activities and accelerate R+D on its first commercial product. Cube Dev also brought aboard Jonathan E. Cowperthwait of npm as Head of Marketing and Jordan Philips of Dashbase as Head of Revenue Operations to support their commercial expansion.
Julia Computing announced the completion of a $24M Series A funding round on July 19. Dorilton Ventures led the round, with participation from Menlo Ventures, General Catalyst, and HighSage Ventures. Julia Computing will use the funding to further develop JuliaHub, its secure, high-performance cloud platform for scientific and technical modeling, and to grow the Julia ecosystem overall. Bob Muglia, the former CEO of Snowflake, joined the Julia Computing board on the same day.
Lucata, a platform to scale and accelerate graph analytics, AI, and machine learning capabilities, announced July 19 that it had raised $11.9M in Series B funding. Notre Dame, Middleburg Capital Development, Blu Ventures Inc., Hunt Holdings, Maulick Capital, and Varian Capital all participated in the round. The funding will fuel an “aggressive” go-to-market strategy.
On July 18, Zoom announced that it had entered into a definitive agreement to acquire Five9, a cloud contact center service provider, for $14.7B in stock. In welcoming Five9 to the Zoom platform, Zoom expects to build a better “customer engagement platform,” complementary with its Zoom Phone offering. Later in the week, Zoom also announced the launch of Zoom Apps and Zoom Events, further enhancing the collaboration capabilities of the primary Zoom video communications suite.