Tag: Data Storage and Cloud

Observe raises $115M from Sutter Hill, Snowflake Ventures to supercharge data cloud observability 

Join us in Atlanta on April 10th and explore the landscape of security workforce. We will explore the vision, benefits, and use cases of AI for security teams. Request an invite here. Today, San Mateo-based Observe, a startup taking a data-centric approach to application observability, announced it has raised $115 million in a series B […]

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Observe raises $115M from Sutter Hill, Snowflake Ventures to supercharge data cloud observability 

Join us in Atlanta on April 10th and explore the landscape of security workforce. We will explore the vision, benefits, and use cases of AI for security teams. Request an invite here. Today, San Mateo-based Observe, a startup taking a data-centric approach to application observability, announced it has raised $115 million in a series B […]

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Activeloop nets $11M to give enterprises a better way to leverage multimodal data for AI

Join us in Atlanta on April 10th and explore the landscape of security workforce. We will explore the vision, benefits, and use cases of AI for security teams. Request an invite here. California-based Activeloop, a startup offering a dedicated database to streamline AI projects, today announced it has raised $11 million in series A funding […]

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Tech giants grapple with ballooning software supply chain risk, JFrog report reveals

Join Gen AI enterprise leaders in Boston on March 27 for an exclusive night of networking, insights, and conversations surrounding data integrity. Request an invite here. The software supply chain has become a critical area of concern for enterprises as they navigate an increasingly complex and interconnected digital landscape. A recent report from JFrog, a […]

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Exclusive: Snowflake teams up with Reka to add multimodal LLMs to data cloud

Join leaders in Boston on March 27 for an exclusive night of networking, insights, and conversation. Request an invite here. Snowflake Data Cloud is getting multimodal large language models (LLMs). Today, the Sridhar Ramaswamy-led company announced it is partnering with Reka, an AI startup founded by researchers from DeepMind, Google and Meta, to bring its […]

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Google to IBM: How big tech giants are embracing Nvidia’s new hardware and software services

Join leaders in Boston on March 27 for an exclusive night of networking, insights, and conversation. Request an invite here. Nvidia has gone all in to push the boundaries of computing at the ongoing GTC conference in San Jose. CEO Jensen Huang, donning a black leather jacket, addressed a packed crowd (the event looked more […]

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Databricks acquires Lilac to supercharge data quality efforts for gen AI apps

Join leaders in Boston on March 27 for an exclusive night of networking, insights, and conversation. Request an invite here. Today, Databricks announced the acquisition of Lilac, a Boston-based applied research startup offering tools for data understanding and manipulation. The terms of the deal were not disclosed. The Ali Ghodsi-led data giant plans to bring […]

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Amazon and Snowflake partner to enable modern data streaming pipeline with Snowpipe and Kinesis Data Firehose

Join leaders in Boston on March 27 for an exclusive night of networking, insights, and conversation. Request an invite here. What does a modern real-time data streaming pipeline look like? For Amazon Web Services (AWS) and Snowflake a modern data streaming pipeline makes it easy for organizations to get data in near real-time from one […]

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Databricks invests in Mistral and brings its AI models to data intelligence platform

Join leaders in Boston on March 27 for an exclusive night of networking, insights, and conversation. Request an invite here. Today, Databricks, the fast growing data infrastructure company led by Ali Ghodsi, announced a partnership with Paris-based Mistral, the well-funded startup that’s made waves in the global AI community with its growing family of highly-performant […]

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Ocient raises $49.4M to grow hyperscale database capabilities

Join leaders in Boston on March 27 for an exclusive night of networking, insights, and conversation. Request an invite here. Hyperscale data warehouse vendor Ocient is raising $49.4 million in new funding, it announced today, as the company looks to grow its capabilities for new industry use cases and continuing demand for artificial intelligence (AI). […]

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Exclusive: Metaplane nets $13M to detect data anomalies with AI

Today, Boston-based Metaplane, a startup looking to improve and rectify data quality issues for enterprises, announced it has raised $13.8 million in a series A round of funding. Venture Capital firm Felicis led the investment with participation from Khosla Ventures, Flybridge, Y Combinator, Stage 2 Capital, B37 and SNR.  Metaplane said it plans to use […]

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Snowflake partners with Mistral AI, taking its open LLMs to the data cloud

Today, data cloud major Snowflake announced it has signed a multi-year agreement with Mistral, the Paris-based AI startup that raised Europe’s largest-ever seed round in June 2023 and has since become a rising star in the global AI domain. Under the partnership, Snowflake said it plans to bring all open large language models built by […]

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Groq launches developer playground GroqCloud with newly acquired Definitive Intelligence

Groq, the Mountain View, California-based startup that caught the attention of the AI community with its own microchips designed specifically run large language models (LLMs) quickly and efficiently, is making more waves this week. Today, it announced the acquisition of another startup, Definitive Intelligence, and a new product built atop their prior and ongoing collaboration: […]

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Stack Overflow partners with Google Cloud to power developer generative AI intelligence

Large language models (LLMs) rely on having lots of good-quality data on which to train. Regarding developers, few organizations have as much data as Stack Overflow, a leading online knowledge-sharing platform used by more than 100 million developers every month. Today Stack Overflow announced a partnership with Google Cloud to bring advanced artificial intelligence (AI) […]

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Couchbase brings new database vectors to AI powered adaptive applications

Couchbase is updating its namesake NoSQL database platform with new capabilities to accelerate the development of AI-powered adaptive applications The big new addition to Couchbase is support for vector search, which allows similarity queries using vector representations of data. The use of vectors is increasingly common in generative AI applications and has spawned a host […]

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SimplrOps emerges as a silent titan in AI-driven Cloud ERP management

SimplrOps, a fast-growing enterprise AI startup, has achieved profitability and signed several major corporate clients like Deloitte and IBM in just three years — all without taking any venture capital funding. VentureBeat can also exclusively report that SimplrOps has now extended its strategic partnership with Deloitte, marking another milestone in its discreet yet swift ascendance […]

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GitHub launches ‘Copilot Enterprise’, an AI coding assistant for businesses

GitHub, a leading platform for open source software development, introduced today a new product aimed at helping large enterprises harness the power of artificial intelligence in their coding projects. The product, called GitHub Copilot Enterprise, is an AI assistant that can generate code suggestions, answer queries, and summarize changes based on the organization’s own codebase […]

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Prowler gets $6M seed to build out hit open-source cloud security platform

Fans of Spider-Man: Across the Spider-Verse will surely perk up at the mention of “Prowler.” But in this case, the name refers not to a compelling, sharp clawed villain but rather an open source cloud security platform developed back in 2016 by former Amazon Web Services (AWS) security engineer Toni de la Fuente. Today, Prowler […]

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CodeSignal targets skills gap with ‘Learn’ platform amidst tech talent crunch

CodeSignal, a leading assessment platform for evaluating the technical skills of engineering candidates, has announced the launch of a new learning platform, CodeSignal Learn, designed to transform the way skills are developed and honed for the future of technology. In an exclusive interview with VentureBeat, CodeSignal’s CEO Tigran Sloyan shared insights into his motivation behind […]

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Acceldata supercharges data observability with new AI copilot

As the demand for generative AI assistants continues to grow, vendors across the data ecosystem are moving to implement them front and center into their products. Big names like Snowflake and Informatica were the first to make a move, and now, Acceldata, the known player in the data observability space, has jumped on the bandwagon […]

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NVIDIA and Supermicro on the gen AI tech stack critical for success

Presented by Supermicro and NVIDIA Generative AI offers real ROI — but also consumes a huge amount of compute and resources. In this VB Spotlight event, leaders from NVIDIA and Supermicro share how to identify critical use cases and the build the AI-ready platform that’s crucial for success. Watch free on-demand now. Generative AI could […]

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Exclusive: Voltron Data acquires Claypot to unlock real-time AI with modular data systems

Today, San Francisco-based Voltron Data, a startup providing enterprises with a modular and composable approach to building systems for data analytics, confirmed to VentureBeat that is acquiring real-time AI platform Claypot. The terms of the deal were not disclosed. The acquisition will bring Claypot’s entire team under Voltron’s umbrella, enabling the latter to expand its […]

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SingleStore CEO sees little future for purpose-built vector databases

SingleStore is advancing its namesake database platform with a new release today that expands functionality for generative AI workloads, as well as both transactional and analytics data workloads. The new SingleStore Pro Max database, which technically is also the SingleStore 8.5 release update, integrates new indexed vector search capabilities to help organizations build and support […]

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Beyond chatbots: The wide world of embeddings

The growing popularity of large language models (LLM) has also created interest in embedding models, deep learning systems that compress the features of different data types into numerical representations. Embedding models are one of the key components of retrieval augmented generation (RAG), one of the important applications of LLMs for the enterprise. But the potential […]

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Databricks tailors AI-powered data intelligence platform for telecom companies 

In another move to strengthen its customer base, Databricks today announced the launch of an industry-specific offering tailored for telecom companies and network service providers.  Dubbed Data Intelligence Platform for Communications, the offering combines the power of the company’s data lakehouse architecture, generative AI models from MosaicML – acquired less than a year ago – […]

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Top 5 data stories of 2023: Microsoft’s play in cloud war, Databricks’ acquisition and more

Join leaders in San Francisco on January 10 for an exclusive night of networking, insights, and conversation. Request an invite here. 2023 was the year of generative AI. However, as every company moved to strengthen their AI strategy, they also realized the value of clean and high-quality data — circling back to the need for […]

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AI predictions for 2024: What top VCs think

As 2023 draws to a close, it’s a time of reflection on the monumental advances — and ethical debates — surrounding artificial intelligence this past year. The launch of chatbots like Bing Chat and Google Bard showcased impressive natural language abilities, while generative AI models like DALL-E 3 and MidJourney V6 stunned with their creative […]

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Snowflake makes eighth acquisition of 2023: Samooha, a data clean room maker

Are you ready to bring more awareness to your brand? Consider becoming a sponsor for The AI Impact Tour. Learn more about the opportunities here. Data cloud major Snowflake today announced it has signed a definitive agreement to acquire Samooha, a startup building “data clean room” technology to help businesses securely share and collaborate on […]

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Solix launches new enterprise data platform for the gen AI era

Are you ready to bring more awareness to your brand? Consider becoming a sponsor for The AI Impact Tour. Learn more about the opportunities here. Santa Clara-based Solix Technologies announced this week the launch of Solix Common Data Platform (CDP) 3.0, calling it a “multi-cloud, data fabric solution” aimed at companies in fields ranging from […]

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