Funding and Finance
Realtime analytics platform StarTree announced a $47M Series B funding round this week. GGV Capital led the round, with participation from existing investors Bain Capital Ventures and CRV, and new investor Sapphire Ventures. StarTree will use the funding for product development and to grow its sales and marketing capabilities.
Updates and Launches
Realtime analytics provider StarRocks announced that they had incorporated CelerData to lead StarRocks development, grow its dev community, and build commercial products based on StarRocks. Forthcoming releases include CelerData Enterprise as an on-prem deployment of StarRocks with added enterprise security features, and CelerData Cloud, a managed cloud service.
AI compute orchestration provider Run:ai announced that their Atlas Platform now supports hybrid cloud and multi-cloud AI infrastructure. Atlas provides a centralized panel that abstracts connecting to cloud platforms’ Kubernetes infrastructure, simplifying the process of managing compute orchestration.
Teradata made two major announcements this week. Cloud data lake VantageCloud Lake launched on AWS, marking Teradata’s first venture on its brand new cloud-native architecture. It’s intended to be a self-service counterpart to VantageCloud Enterprise, which is designed for a more traditional IT-managed environment. Teradata also announced updates to its analytics platform, ClearScape Analytics. New features include new time-series and machine learning in-database analytics capabilities, as well as an integrated and governed model management framework. VantageCloud Lake is available on AWS now, with availability on other major cloud networks in early 2023; ClearScape Analytics is available today.
Acquisitions and Partnerships
Data Engineering Automation Company Nexla Acquires Clean Data Provider Fidap Nexla, a data engineering automation company, announced late last week that they would acquire Fidap, a provider of cleansed data. As a result of the acquisition, Nexla will provide ready-to-use datasets, both public and commercial.