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Dataiku Raises $400M at a $4.6B Valuation to Enable Everyday AI in the Enterprise
On August 5, Dataiku announced that they had raised $400M in a Series E round of funding. Tiger Global led the round, with participation from existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital, ICONIQ Growth, and Snowflake Ventures, as well as new investors Eurazeo, Insight Partners, and Lightrock.
Presto Company Ahana Raises $20M Series A Led By Third Point Ventures To Redefine Open Data Lake Analytics
On August 3, Ahana announced a $20M series A funding round. Third Point Ventures led the round, with participation from GV, Leslie Ventures, and Lux Capital. In addition, Robert Schwartz, a Managing Partner at Third Point Ventures, will join Ahana’s Board of Directors. With the funding, Ahana will accelerate engineering and contributions to the open source data lake analytics Presto project, and expand its go-to-market team.
Product Launches and Updates
Spell Operationalizes Advanced AI with Comprehensive MLOps Platform for Deep Learning
On August 4, Spell launched the eponymous Spell, an MLOps platform for deep learning. The goal is to reduce the cost of operationalizing complex deep learning models that use natural language processing, machine vision, voice recognition, and other similarly complex models dependent on deep learning.
Exadel’s Open Source Face Recognition Application CompreFace Adds New Features
Acquisitions and Partnerships
Alteryx becomes Elite partner in the Snowflake Partner Network to Further Accelerate Analytics and Data Science Automation for Global Organizations
Alteryx made an additional partnership announcement at the end of last week around their efforts to address analytics automation; given the context of the automation acquisitions announced this week, it’s worth mentioning as part of a larger trend. In addition to the BluePrism and PwC announcements, Alteryx has become an Elite Technology Partner in the Snowflake ecosystem, building on the deeper relationship announced in June and reflecting a growing number of Alteryx-Snowflake users working on automated analytics projects.
MuleSoft enters agreement to acquire Servicetrace
On August 2, Salesforce announced their intent to acquire Servicetrace, an RPA provider, and to integrate it into their MuleSoft data integration platform. In particular, Servicetrace’s capabilities will enhance Salesforce’s Einstein Automate, empowering additional workflow automation for Salesforce customers.
ServiceNow to acquire Swarm64 to support the world’s largest workflows
On August 5, ServiceNow announced their intent to acquire Swarm64, a database performance company. Once Swarm64 has been integrated into ServiceNow’s solutions, customers will be able to query their data sources more quickly as part of the workflows they build with ServiceNow’s Now Platform, in addition to working with larger datasets.