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Exclusive: Bem, an AI-Powered Data Conversion Interface, Raises $3.7M Seed Bem (a data interface that transform any input both structured or unstructured data into any data shape you need without configuration) announced that they have successfully raised $3.7m in seed funding for expansion, this round was Led by uncork capital with participation from prominent investors, founders and executives of top logistics and supply chain companies. According to Antonio Bustamante (founder of Bem) he said, "the fund will be used to launch bem and further expand the platform. “Engineering teams spend about 44 percent of their time building and then monitoring and maintaining their data pipelines,” Bustamante writes in a statement. “At our core, Bem is an AI data interface, redefining the scope of interoperability and integration to save time and frustration for these teams so that they can focus on what truly matters to their product. Our goal is for engineers to not worry about integrations or data ingestion pipelines ever again – we want them to focus on valuable work for their. Read more… 👇🏼 Cc: Andrew McLaughlin Upal Saha, Jonathan Ehrlich, Kevin Patrick Mahaffey, Edoardo Conti, Jacob Zodikoff, Shaad Khan, Antonio Bustamante, Uncork Capital, and Roar Ventures Edited by Adeyemi Salako https://lnkd.in/gCK2Nx2H

🤖📊 One Data, a data management #software #startup from Germany, has announced that it has closed a €32 million Series B extension round. 📈 It was led by European deep tech and software investors Vsquared Ventures, Black Semiconductor, Molten Ventures, and HV Capital. 🤖 Read more here: https://lnkd.in/eBvES5eF Dr. Andreas Böhm Benedikt von Schoeler Nelly M. David Kuczek #funding #tech #news #EUstartup #EUtech #deeptech #datamanagement

Five AI-Fueled Predictions from Exasol for Data-Driven Organizations in 2024. #4 is not a surprise for me. https://lnkd.in/dDMUU7ir #finops #cloudfinancialmanagement #businessvalue #costcontrol #financialefficiency

AI Squared, a prominent artificial intelligence (AI) integration platform, has officially acquired Multiwoven, a leading open-source reverse ETL (rETL) company based in California and Bengaluru. While the financial terms remain undisclosed, this acquisition underscores AI Squared’s dedication to enhancing data-driven insights within enterprise applications. Just weeks after securing a successful $13.8 million Series A funding round led by Ansa Capital, AI Squared is poised to integrate Multiwoven’s rETL capabilities into its existing suite of enterprise solutions. Benjamin Harvey, Founder and CEO of AI Squared, expressed enthusiasm about the acquisition’s potential impact, stating, “With AI Squared and Multiwoven now united, we are primed to lead the field in open-source rETL, while simultaneously delivering crucial data-movement functionality to our clientele.” Reverse ETL, a pivotal process in contemporary data operations, involves extracting structured data from warehouses and seamlessly integrating it into everyday applications such as sales, marketing, and advertising platforms. With Multiwoven’s technology seamlessly integrated into AI Squared’s enterprise platform, the collaboration aims to empower organizations to efficiently harness data insights for fostering business growth. Following the acquisition, Multiwoven’s leadership will assume key roles within AI Squared. Sujoy Golan will serve as Chief Product Officer, Nagendra Dhanakeerthi as Chief Technology Officer, and Subin Thattaparambil as Senior Vice President of Engineering. Golan, Co-founder and CEO of Multiwoven, emphasized the synergistic potential of the merger, stating, “With our combined team, we can expedite the development and expansion of Multiwoven open source, which will remain freely accessible. Additionally, we are thrilled to introduce advanced capabilities to activate AI/ML data in collaboration with AI Squared.” AI Squared’s suite of solutions has been gaining significant traction across government agencies and Fortune 500 corporations in sectors including finance, manufacturing, and healthcare, reflecting the escalating demand for robust AI-driven data integration solutions. The inclusion of Multiwoven’s expertise is poised to further solidify AI Squared’s standing as a frontrunner in the realm of AI-powered data integration, unlocking novel opportunities for businesses to effectively leverage data-driven insights. #AISquared #MultiWoven #AI #ArtificialIntelligence #Acquisition #Bengaluru #DataIntegration #ReverseETL #BusinessGrowth #StructuredData #AllBoutCorps

Procurement Sciences AI, the next-generation bidding-intelligence platform for government contractors, today announced that it has raised $10M in Series A funding. The round was led by global, technology-focused investment firm Battery Ventures, with follow-on investment from Tower Research Capital and new funding from K Street Capital and Blu Ventures. Brandon Gleklen from Battery Ventures and Jared Young from Tower Research will join the Procurement Sciences board of directors. Christian Ferreira, founder and CEO of Procurement Sciences AI said: “Government procurement is notably competitive and often seems out of reach for many small to medium-sized businesses that lack the necessary expertise and time to identify suitable bids, let alone prepare a compelling proposal. With our AI-powered tools, government contractors can now reallocate their time and energy towards more effectively delivering goods and services.” https://lnkd.in/eFGGpS9s #Legal #Legaltech #Procurement #Ai #Disruption

considering all of the #startupcompanies covered by #yahoofinance, #cloudnineai is #grateful to be recognized from their work and research https://lnkd.in/gJS9jYgf

Some BIG NEWS to share: Atlan has raised $105 million Series C to continue ushering in a new era of data + AI governance and democratization. We're deeply grateful for our investors that believe in our vision, including GIC, Meritech Capital, Salesforce Ventures, Peak XV Partners, Insight Partners, and WaterBridge Ventures. Our incredible team, relentlessly focused on our users, brings us momentum: 🔈 We achieved a remarkable 7x revenue growth over the past 2 years 🔈 Our product and service achieved an impressive 75% win rate in competitive trials 🔈 We’re serving the world’s largest data teams with a 400% surge in enterprise sales 🔈 Customers are loving their experience, making us a Leader in G2 grids for Data Governance, Catalog, DataOps, Quality, and Active Metadata What means even more to me, personally, is that industry leaders at world-class companies like Cisco, Autodesk, Fox Corporation, Nasdaq, HubSpot and more trust Atlan because we drive meaningful business value for data operations and serious quality of life improvements for the data teams that run them. Our aspirations are big — we are just getting started. Whether you are a data leader in search of a modern governance solution for enterprise or are thinking on joining the incredible team here at Atlan, please reach out. Let's talk about how we might work together. Learn more about the news: https://atln.cm/series-c

The stats are in - in late 2023, 55% of businesses were piloting or had #GenAI projects (Gartner). 💡 But going from experiments to enterprise-wide adoption is challenging. What are the key hurdles in putting GenAI into practice across the org? Here's an article breaking down the barriers. https://lnkd.in/gWuUN6GS

🏆 Exciting news for us at Syniti! As the data landscape increases in size and complexity, it’s exciting to be on DBTA’s list of the top 100 companies transforming the future of data! These forward-thinking firms, including #Syniti, are expanding what's possible with #data for our customers. #DataInnovation 🚀 #DBTA100 🏆

A high-tech startup developing a pioneering Automated AI for Conversation Intelligence reached out to Addepto for an audit and the design of future-proof and scalable dataflows. The startup's core product feature is automatic attendance and transcription of Zoom and Google meetings. 🔍 The Challenge: The ETL processes, which smoothly combine data from multiple sources into a single, consistent data store or another target system, had to be absolutely impeccable. To gain a fresh external perspective, company’s managers reached out to the Addepto Team for an audit to ensure the processes were indeed bulletproof. 🎯 The Goal: The primary goal was to derive valuable insights and present them in user-friendly dashboards or visualizations. During the project's development, the Addepto team transitioned from auditors to consultants, refining the established ETL processes and designing future dataflows to create a scalable ecosystem. 💡 The Results: Our collaboration went beyond a mere audit; it was a transformative partnership. We not only fine-tuned their ETL processes but also provided valuable consulting services. This empowered the startup to validate their initial assumptions and align with best ETL practices, potentially resulting in cost savings and optimization for future development. Read more: https://lnkd.in/dqvPE-Pn  #casestudy #successstory #conversationintelligence #automatedAI #dataflow #etl