Funding and Financials
Customer-facing analytics solution Explo has raised $12M in a Series A funding round. Craft Ventures led the round, with participation from Amplo VC and Felicis Ventures. Explo will use the funding to further their product roadmap.
BI platform Omni launched publicly this week with $26.9M in funding. Redpoint led the $17.5M Series A, with participation from First Round and GV. A seed round was raised back in April, led by First Round, with participation from BoxGroup, GV, Quiet Capital, Redpoint, and Scribble Ventures. Omni was founded by Looker alums Colin Zima (Chief Analytics Officer) and Jamie Davidson (former VP of Product), and former Stitch CTO Christopher Merrick.
Updates and Launches
Cloudera launched Cloudera Data Platform One, an integrated SaaS data lakehous solution. CDP One includes cloud compute, cloud storage, streaming analytics, machine learning, and security under one roof, on private single-tenant cloud infrastructure, with the aim of permitting secure self-service analytics and exploratory data science in the cloud. CDP One is currently available on a limited basis, with wider availability planned for later in 2022.
Enterprise data catalog data.world debuted Eureka Explorer Lineage this week, a data lineage product built atop data.world’s knowledge graph. Eureka Explorer Lineage shows the flow of data from source to analysis, revealing where data is sourced, where it’s aggregated, and whether or not it has been transformed at any point. Explorer Lineage also uses the knowledge graph to map data to business concepts, making it easier for nontechnical team members to understand what their data is saying.
SaaS company integrate.ai debuted its machine learning and analytics platform, focused on preserving the security and privacy of sensitive data while still allowing machine learning and analytics capabilities to be performed. Machine learning traditionally requires centralizing and aggregating data sources, which may not be possible with certain types of data. integrate.ai works via federated machine learning, which allows data to remain distributed while being analyzed, and the aggregated end results maintain the privacy of the original data.
InterSystems announced new releases for its data platform IRIS. The additions of Embedded Python and IntegratedML to IRIS will accelerate and simplify creating smart data fabrics. InterSystems also announced better collaboration facilities for data analysts and data scientists to make their work usable by each other without having to move the underlying data at any point in the process. Improvements to Adaptive Analytics were also released, allowing business users to more easily explore data ad hoc. Finally, InterSystems announced a partnership with data intelligence platform Collibra, allowing customers to take advantage of Collibra’s data governance, privacy, and quality capabilities.
Steve Brodrick joined Alteryx this week as their Chief Transformation Officer. Brodrick comes to Alteryx from Stanley Black and Decker, where he focused on financial and transformation efforts over the last 20 years. Brodrick will report directly to Alteryx President and CRO Paula Hansen