“Above the Trend Line” – Your Industry Rumor Central for 9/19/2020 – insideBIGDATA

Above the Trend Line: your {industry} rumor central is a recurring function of insideBIGDATA. In this column, we current a wide range of brief time-critical information objects grouped by class resembling M&A exercise, folks actions, funding information, {industry} partnerships, buyer wins, rumors and normal scuttlebutt floating across the massive knowledge, knowledge science and machine studying industries together with behind-the-scenes anecdotes and curious buzz. Our intent is to offer you a one-stop supply of late-breaking information that will help you hold abreast of this fast-paced ecosystem. We’re working arduous in your behalf with our in depth vendor community to provide you all the newest happenings. Heard of one thing your self? Tell us! Just e-mail me at: daniel@insidebigdata.com. Be certain to Tweet Above the Trend Line articles utilizing the hashtag: #abovethetrendline.

I spent National Coding Week, coding like loopy! Yes, I’ve been placing collectively a collection of Jupyter notebooks crammed with Python code for an upcoming Introduction to Data Science class that mirrors and extends my present code base of R. It’s been enjoyable to undergo your complete knowledge science course of carrying a distinct programming lens. I hope my college students deal with the code as the start of their “data science toolbox.” For now, let’s get on with the {industry} scuttlebutt! We realized of some new funding information … PopSQL, the collaborative SQL editor for groups, publicizes $3.four million in seed funding, led by Gradient Ventures, Google’s AI-focused enterprise fund. The spherical contains participation from Y Combinator, FundersClub, and angel traders Max Mullen, Co-founder of Instacart, Calvin French-Owen, CTO of Segment, and Guillermo Rauch, CEO of Vercel. With this new capital, the startup plans to rent engineers to execute on its product roadmap … data.world, the cloud-native enterprise knowledge catalog firm, introduced it has closed a $26 million spherical of enterprise capital funding led by Tech Pioneers Fund. Other contributors within the spherical embrace new traders Breyer Capital, Prologis Ventures, and Alumni Ventures Group. Existing traders, Shasta Ventures, OurCrowd, and Workday Ventures additionally participated, together with a number of outstanding angel traders together with Arthur Patterson, Lincoln Brown, and Cotter Cunningham … Varada, a giant knowledge question acceleration innovator, introduced that it has closed a $12 million Series A spherical of funding. The spherical is led by MizMaa Ventures, an early-stage enterprise capital firm investing in Israeli expertise startups, with participation by Gefen Capital. The spherical additionally included participation from present traders Lightspeed, StageOne Ventures and F2 Venture Capital who contributed in early 2019 to a $7.5 million seed spherical. The funding comes as Varada prepares to announce the final availability of its knowledge virtualization platform, which is able to set up a brand new commonplace for accelerating massive knowledge workloads whereas optimizing management over efficiency and value … CATALOG, the DNA-based platform for large digital knowledge storage and computation, introduced it has secured $10 million in Series A funding and named David Turek CTO. Horizons Ventures led this present oversubscribed spherical, joined by Airbus Ventures, and the funding might be used to fund early product trials and continued Research and Development. In complete, CATALOG has raised $21M via extra traders, together with NEA, OS Fund, Data Collective, AME Cloud, and SOSV, amongst others … Panther Labs, a cybersecurity startup led by Airbnb and AWS alumni, has raised $15 million in Series A funding to speed up growth of its open supply safety platform designed as a substitute for legacy SIEMs. Lightspeed Venture Partners (LSVP) led the spherical with participation from S28 Capital, Innovation Endeavors, and Fathom Capital. The funding brings the corporate’s complete funding to $20.5 million, and Gaurav Gupta, accomplice at LSVP, will be part of the board of administrators.

In new M&A happenings, we realized … Esri, a frontrunner in location intelligence, introduced the acquisition of nFrames, a expertise firm that develops SURETM, an industry-leading imagery and lidar 3D floor reconstruction software program. This will allow the fusion of images with 3D GIS, permitting nFrames and Esri customers to seamlessly seize and analyze 3D knowledge from aerial, drone, and ground-based sensors in an automatic end-to-end course of … Pure Storage (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, introduced it has entered right into a definitive settlement to amass ​Portworx​, the main Kubernetes knowledge companies platform enterprises belief to run mission-critical functions in containers in manufacturing, for roughly $370 million in money. This deal represents Pure’s largest acquisition to this point and the corporate’s deeper growth into the fast-growing marketplace for multi-cloud knowledge companies to assist Kubernetes and containers.

Commenting on the Pure/Portworx acquisition, we heard from:

“The acquisition of Portworx by Pure Storage, illustrates the rapidly growing importance and interest in cloud native strategies for enterprises globally. As a software-defined cloud native storage platform, we have seen rapid growth over the last 12 months of enterprises adopting cloud native strategies to deliver multi-cloud data services for Kubernetes. It’s clear that containers and Kubernetes play a central role in next generation application architecture, and we are excited to see how this market continues to grow and develop, now that Pure Storage has bought into this space,” stated Alex Chircop, Founder and CEO, StorageOS.

In the brand new partnerships, alignments and collaborations division we heard … HCL Technologies (HCL), a number one world expertise firm, and Google Cloud introduced the growth of their strategic partnership to carry HCL’s Actian portfolio, beginning with Actian AvalancheTM, to Google Cloud. Actian Avalanche is a high-performance hybrid cloud knowledge warehouse designed to energy an enterprise’s most demanding operational analytics workloads. Actian Avalanche allows a seamless path emigrate legacy knowledge warehouses, together with IBM Netezza and Oracle Exadata, to Google Cloud, via a hybrid-cloud providing leveraging Google Cloud’s Anthos utility platform … Zaloni™, an award-winning chief in knowledge administration, introduced a brand new partnership with the main fashionable normal function database platform, MongoDB. The partnership simplifies knowledge migration from legacy programs to MongoDB Atlas, the corporate’s world cloud database, whereas offering end-to-end DataOps capabilities via Zaloni’s ArenaTM platform to allow knowledge modernization and new analytics use circumstances … Atos, a world chief in digital transformation, introduced a multi-year partnership with Willis Towers Watson (WTW), a number one world advisory, broking and options firm. Atos will assist Willis Towers Watson in its digital transformation, together with enhancements to the enterprise experiences by transferring on-premise infrastructure to the cloud, retiring legacy {hardware} and software program, and shifting to a consumption-based mannequin. In addition, Atos will assist reimagine the end-user expertise via the usage of chatbots, digital lockers and digital expertise bars to assist cut back failures and enhance automation … Moogsoft, the pioneer and main supplier of synthetic intelligence for IT Operations (AIOps), and Orange Business Services, a network-native digital companies firm, introduced a brand new partnership within the Americas to streamline incident administration and assist stop outages for Orange enterprise clients. A brand new digital community operations heart (NOC) answer based mostly on the Moogsoft AIOps Platform permits IT groups inside Orange clients’ organizations to function just about and collaboratively. AIOps helps clients proactively perceive incidents and their root causes, and guarantee uptime. This digital choice is paramount with the shift to in depth distant working.

In the purchasers wins class we realized … Contract intelligence firm Icertis was chosen by HERE Technologies, a location knowledge and platform firm, to assist them handle 70,000 legacy contracts with the facility of AI.  As the contracts had been digitized on the Icertis platform, AI helped determine contract attributes and clauses, giving the gross sales workforce a holistic take a look at previous buyer contracts, enabling them to make higher choices on renewals, up-sell and cross-sell all through its buyer base.

We additionally realized of some new folks motion information … Sisu, the quick and complete augmented analytics platform, introduced Brent Goldman has joined the corporate as Vice President of Engineering. Brent might be accountable for scaling and main the engineering workforce at Sisu. Brent joins Sisu from Uber, the place he based and led engineering for the corporate’s Self Driving Platform, laying the inspiration for the way forward for transportation with expertise to deploy, function and optimize fleets of self-driving automobiles on the Uber community. He additionally co-founded Uber’s Marketplace Dynamics engineering group. Prior to Uber, Brent was the founder & CTO of Standard Treasury, a YC-backed enterprise fintech firm that was acquired by Silicon Valley Bank. Brent began his profession at Facebook the place he was one of many early engineers accountable for constructing the Developer Platform … Qumulo, a number one file knowledge platform that helps organizations simply retailer and handle their file knowledge at scale with unequalled freedom, management and real-time visibility, introduced that advertising and marketing veteran and former Tableau CMO, Elissa Fink, has been named to Qumulo’s board of administrators … Conversica, Inc., a frontrunner in Intelligent Virtual Assistants (IVAs) serving to organizations appeal to, purchase and develop clients at scale, introduced the appointments of Peter Maloney as Chief Financial Officer (CFO) and Mark Jancola as Chief Technology Officer (CTO) and Vice President, Engineering. Due to companies now working predominantly in a web-based or digital world, there’s been an awesome curiosity in Intelligent Automation options that assist to drive income and increase customer-facing groups. An augmented workforce of Intelligent Virtual Assistants accelerates buyer acquisition, retention and progress for mid-market and enterprise companies and supplies clients with the digital transformation instruments they want to reach an more and more difficult market.

We additionally obtained numerous feedback concerning the significance of National Coding Week:

“If you didn’t realize how much businesses rely on software before the coronavirus pandemic started, you know now,” commented Jeff Keyes, VP of Products, Plutora. “With so many people working remotely, organizations are more dependent than ever on software that keeps the team on the same page and keeps the business operating smoothly. However, none of that can be accomplished without skilled development teams that are supported by strong and fluent coders. Just like a house needs a sturdy foundation upon which to build, an application also needs a solid foundation of well written code from developers. Every company–from a fresh-faced startup to a seasoned enterprise–must have a talented team of code writers who can meet the demands of the rapidly-evolving software industry and do so quickly and at scale. Coding has become the language of business, and organizations must be fluent in order to achieve success.”

“DevOps has completely transformed the way IT practitioners look at coding and software development,” commented Tony Goulding, Cybersecurity Evangelist, Centrify.” As corporations undertake finest practices for DevOps and incorporate new applied sciences, instruments and methodologies, incorporating privileged entry administration (PAM) to guard organizations from a cyberattack turns into more and more complicated. Traditional strategies of securing developer environments contain handbook interventions and restrictive controls that may decelerate the event and operations groups. Organizations now even have a rapidly-increasing quantity of non-human identities to handle, resembling functions, digital machines, companies and workloads working within the cloud. As a end result, DevOps has shied away from protecting PAM of their atmosphere as a result of it proved too gradual and sophisticated to deploy and handle. However, the fact is that every new id created represents a possible assault floor, even when short-lived. This National Coding Week, it is crucial for organizations to look previous legacy PAM strategies and transfer to extra fashionable strategies of stopping cyberattacks from impacting their software program growth. Luckily, PAM options that assist extra fashionable application-to-application password administration (AAPM) approaches may also help DevOps groups safe privileged identities – each human and non-human. AAPM strategies resembling safe shell (SSH) keys, ephemeral tokens and Delegated Machine Credentials can seamlessly incorporate PAM into the DevOps pipeline, making certain safe entry that improves a corporation’s safety posture and agility, whereas nonetheless serving to builders meet their time-based targets.”

We additionally obtained a commentary about how AI/ML empowers retailers to deal with demand forecasting, allocation, replenishment, and assortment planning:

“There’s been a great deal of conversation about the ‘new normal’ and how it will impact the retail industry, but I don’t believe there’s a such thing as a ‘new normal,’ commented Matt Jones, Infor VP of Retail Industry Solution Strategy. “The retail industry was built upon change – changing seasons, emerging trends, varying customer segmentations – making it a constant in the industry. It’s paramount that retailers remain agile, even amid added uncertainty, by eliminating unknowns and blind spots in the supply chain. Now, especially, is the time to consider networked AI and ML solutions that ensure reliable demand forecasting and production. AI and ML applications lead to exponentially refined supply chain operations. Integrating these solutions directly into the ERP software that retailers already have makes all difference in translating AI-related projects to AI-enabled applications.”

And lastly, we obtained numerous extra commentaries concerning the newly introduced Snowflake IPO:

“Snowflake empowers enterprises to easily and quickly compete with data,” stated Matthew Scullion, CEO and co-founder of Matillion. “Their cloud-native architecture and ability to deliver accelerated time to value at scale and volume, across any use case, has driven their incredible growth. Snowflake’s team and culture are further underpinnings of their success, which helps their amazing trajectory make perfect sense.”

“I want to personally congratulate Snowflake on what appears to be a truly massive IPO,” commented Yellowbrick’s CEO Neil Carson. “This IPO validates that the market for data warehouses is large and growing. Yellowbrick and Snowflake share a common vision that data warehouse modernization is important and a top priority for businesses grappling with formidable economic, social, and customer behavior changes. Our own Yellowbrick approach to data warehouse modernization is focused on the enterprise and hybrid cloud applications that solve the vast majority of enterprise data needs that are not cloud-only. Snowflake’s IPO is a definite win for our industry and for the businesses Snowflake serves as well as the enterprises we serve—all of which are desperate for new data and analytics approaches.”

“The reason Snowflake is doing so well is that they created their architecture from the ground up utilizing the data lakehouse pattern,” recommended Andy Neil, Senior Research Director, Data and Analytics, Info-Tech Research Group. “This enables storage of unstructured and structured data at a cost effective price point and enables you to scale the compute later independently as you need. This coupled with having that lakehouse capabilities which include visualizations, analytics and ML makes it a no-brainer for some companies.”

“Snowflake’s IPO underscores the increasing importance of companies not only unifying their data from various sources, but also making it actionable,” commented Rich Waldron, Founder and CEO of enterprise automation firm Tray.io. “Companies continue to invest heavily to gather valuable data about customer behavior, product usage, and buying cycles, but the smartest firms are taking advantage of the power of data warehousing to make those vast amounts of mission-critical data accessible and ready to go. The most successful firms we’ve seen are outpacing their competitors by freely flowing business data anywhere it’s needed. By embracing a strategy that incorporates tech stack integrations and intelligent data management, smart companies are breaking down data silos and unifying their most important data to take immediate action. They’re using customer behavior patterns to directly inform future engagement campaigns, or using highly segmented demographic and firmographic data to hyper-personalize messaging that deeply engages prospects. We expect that this ability to take full control of your data will continue to be a key competitive advantage for a variety of companies in the future.”

“Snowflake took the cloud playbook, rewrote it and won,” comented Poojan Kumar, CEO and co-founder of enterprise backup vendor Clumio. “The company is a prime example of how a modern, forward-thinking organization, built from the cloud up, should evolve. Snowflake disrupted the crowded, well-established data warehousing market by rapidly innovating a seamless service that tapped the scale, elasticity and economics of the public cloud. Snowflake transformed the old-school data warehouse into a cloud data platform and completely changed the way companies do business today – and its customers have felt the biggest benefit with huge cost savings and productivity increases with faster access to their data. Companies that can use the playbook correctly will emerge as winners, while those that don’t will lose. We congratulate Snowflake on this monumental event. The company is an inspiration to us as we also apply the cloud playbook to data protection to remove it as a blocker to enterprises attempting to accelerate their own cloud journeys.”

“If anyone needed more proof that the cloud data movement is unstoppable, Snowflake’s IPO is it,” commented Rob Woolen, CTO and co-founder of Sigma Computing. “I had the privilege of having a firsthand look into Snowflake as it was being built and I immediately saw the incredible opportunity it would create for companies to finally capitalize on all of the data they’ve been creating and collecting. Companies have been chasing the data-driven dream for more than a decade now and Snowflake finally provided the foundation needed for it to actually be possible – it’s no wonder Warren Buffet is willing to break his own rules to invest in the company early. Making more data from more sources available to more people is the only way for companies to truly harness the full power of data. I am thrilled for the whole Snowflake team, our shared investors, and our shared board members. This is a huge day for all of them, but it is also an exciting day for just about every cloud data company.”

“Snowflake’s stock market debut is something to behold,” commented Danielle Royston, public cloud evangelist, TelcoDR. “It more than doubled its $120 IPO price yesterday, which has seen the company now valued at over $70 billion. This means it is now worth over 264 times its annual revenue, which is almost un-heard of. Not only is it the biggest software IPO in history, it’s enterprise software, addressing a much smaller market than recent IPOs in the consumer sector, like Uber and Netflix. Snowflake is also unique because, unlike many other software companies that are designed to work across private and public clouds, it’s put all its eggs in one basket – the public cloud. This is an intelligent bet. The public cloud is giving businesses across all industries, plug and play capabilities that can replace outdated manual workflows, creating massive efficiencies and cost savings. The response to the IPO suggests that the market is ready for this kind of enterprise software. Industries, like telecoms, that haven’t yet begun to fully explore the power of the public cloud, need to move quickly or be left behind.”

“One of the smartest things Snowflake did was pursue an extra round of financing before going public. During their last venture round, a lot of reporters – and a few investors questioned the round, saying “why not go public now?” I believe that helped them actually set the stage and supply the fitting stage of scale in anticipation of their IPO,” commented Chetan Mathur, CEO of Next Pathway. “At the time, replacing Bob Muglia for Frank Slootman was the right choice, albeit controversial. While Muglia was beloved, Slootman is considered a consummate pro, capable of enabling the company to go to new heights. Slootman has the playbook for taking high-growth companies public; he executed his strategic perfectly. This included bringing in his own lieutenants at key positions (like Mike Scarpelli as CFO – formerly with Frank at Service Now), reorganizing their sales teams, and putting a big focus on migration solutions. Migration from legacy systems is key for growing in the Enterprise market. Customers need an answer on how to get to Snowflake, if they are currently invested in other legacy systems (like Oracle and IBM). Frank knew this, and his team put the right focus on this track, and with our help today, have a key differentiator over competitors. Snowflake is a gamechanger for the data warehouse and “Big Data” market. From a technical perspective, what the founders did by primarily constructing the platform up from scratch (with out how competing merchandise had been architected) set them aside from the legacy distributors. Going ahead we see increasingly more enterprise corporations prepared to take the leap emigrate off of on-prem environments to Snowflake. Snowflake’s value-add, along with numerous efficiency and technological developments, is their skill to leverage any of the main cloud vendor’s infrastructure (AWS, Azure, Google), thus making a fascinating value-add for enterprises in search of a multi-cloud technique (versus being locked into just one cloud vendor).  A key factor to look at might be how Snowflake straddles the road as each accomplice and competitor with the main cloud distributors. Knowing Frank and workforce, they’ll most definitely win.”

“Snowflake’s IPO is in many ways an inflection point for the entire data industry,” commented Josh Rogers, CEO of Precisely. “They just had the largest software IPO of all time, despite the global pandemic. They are valued at more than $60 billion because the industry understands they’re the leader in addressing a massive market – the market of managing and analyzing data in the cloud.  Companies understand that their ability to drive decisions from data will be the source of their competitive advantage, and Snowflake is critical in supporting that. As companies look to achieve trusted, accurate and consistent data, they will be turning more and more to companies like Snowflake.”

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