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On May 2, Accern, a natural language processing platform for unstructured data streams, announced a $20M Series B round of financing. Fusion Fund and Mighty Capital co-led the round, with additional participation from Gaingels, Shasta Ventures, Tribe Capital, and Viaduct Ventures. The funding will go towards expanding sales and marketing.
dotData, a data science automation platform, announced that it had raised a $31.6M Series B funding round. Otsuka Corporation, Sumitomo Mitsui Banking Corporation, and Sumitomo Mitsui Trust Bank, Ltd all participated in this round. dotData plans to use the money for product and service development, as well as expanding on sales efforts and business partnerships.
Data intelligence platform Galileo emerged from stealth earlier this week with a $5.1M seed round. The Factory led the funding round, along with participation from additional angel investors. The funds will be used to accelerate hiring and R+D. The Galileo platform addresses data errors throughout the machine learning model lifecycle, focusing on unstructured data. Galileo is currently in private beta.
Launches and Updates
On May 5 at the Rev 3 conference, Domino Data Lab announced Domino 5.2, which will become generally available in June 2022. Key new features include the IntelliSize capability within Domino’s Durable Workspace, which will recommend the optimal size for a model development environment; a new data prep and visualization environment based on Apache Superset; integration with Snowflake to train models in-database in Snowpark, then deploy them to the Data Cloud for in-database scoring; and realtime model monitoring in the Snowflake Data Cloud.
Analytics database company Exasol announced that its Exasol SaaS database now interfaces natively with Keboola, a cloud-based Data Stack as a Service platform. In addition to the Keboola collaboration, additional new capabilities of Exasol SaaS include enhanced machine learning capabilities within the database, support for data virtualization without needing to migrate data, and an Amazon SageMaker extension that uses SageMaker AutoPilot to develop machine learning projects based on data stored in Exasol.
This week, Google Cloud launched two data solutions specifically for manufacturers, Manufacturing Data Engine and Manufacturing Connect. Manufacturing Data Engine integrates a number of key Google Cloud products (such as BigQuery and Looker, among others) with a platform for ingesting, transforming, storing, and providing access to factory data. Manufacturing Connect is an edge solution that can connect to and stream machine and sensor data from manufacturing assets and systems directly to Google Cloud.
MathWorks is now offering tech startups access to suites that include MATLAB, Simulink, and over 100 industry-specific development tool stacks at a reduced price. Startups who meet MathWorks’ criteria as determined through an application process may be eligible for “startup-friendly” pricing based on company size, annual revenue, and how long the company has been in business. Access to the MATLAB suite for qualified startups now starts at $1500 for an individual seat, while pricing for the MATLAB and Simulink suite starts at $3600 for an individual seat. Electric vehicle and automated driving startups are highlighted as particular areas of interest on the MathWorks for Startups website.
At the Trino Summit this week, analytics engine company Starburst revealed new capabilities for its Starburst Galaxy and Starburst Enterprise products. Galaxy now includes a new lakehouse capability, Great Lakes Connector for object storage catalogs, which now supports the Iceberg and Delta Lake table formats in addition to Apache Hive, allowing access to all of these formats in one data lake. New features for Enterprise include built-in access control for consistent governance across Enterprise, as well as a REST API to make it easier to build and use data products.
On May 5, Salesforce announced that former CIA Chief Information and Security Officer William MacMillan has joined Salesforce as the SVP of Security Product and Program Management, BISO, and Acquisition Integration. MacMillan joins Salesforce after a nearly 20-year career with the CIA culminating in the CISO role. Prior to that, MacMillan was a combat rescue and special operations pilot in the Air Force.