“Above the Trend Line” – Your Industry Rumor Central for 2/4/2019

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Above the Trend Line: your industry rumor central is a recurring feature of insideAI News. In this column, we present a variety of short time-critical news items grouped by category such as M&A activity, people movements, funding news, financial results, industry alignments, customer wins, rumors and general scuttlebutt floating around the big data, data science and machine learning industries including behind-the-scenes anecdotes and curious buzz. Our intent is to provide you a one-stop source of late-breaking news to help you keep abreast of this fast-paced ecosystem. We’re working hard on your behalf with our extensive vendor network to give you all the latest happenings. Heard of something yourself? Tell us! Just e-mail me at: daniel@insideAINews.com. Be sure to Tweet Above the Trend Line articles using the hashtag: #abovethetrendline.

Let’s start off with some new funding news that might help you get percolating and warm up from the U.S. deep freeze happening this week … Collibra, a leader in enterprise data governance and catalog software, announced $100 million in series E funding at a post-money valuation of more than $1 billion, bringing the company’s total venture funding to $233 million. CapitalG, Alphabet’s growth equity investment fund, led the round, with participation from existing investors ICONIQ Capital, Index Ventures, Dawn Capital and Battery Ventures. The funding comes on the heels of a record revenue year, with an 80 percent increase in annualized recurring revenue and rapid expansion across the globe. The investment is expected to be used to fund the expansion of the product portfolio and to accelerate growth across the business. Collibra plans to extend its artificial intelligence and machine learning capabilities both within its cloud-native platform — building more automation into its smart catalog product — and in its support of data science teams for their own advanced analytics initiatives … Augury, a leading AI-based machine health solution provider, announced the close of its Series C funding round of $25M led by Insight Venture Partners, with support from existing investors Eclipse Ventures, Munich Re/HSB Ventures, Pritzker Group Venture Capital, and Lerer Hippeau. Augury helps drive digital transformation for industrial and commercial organizations by providing machine health and performance visibility to improve productivity and increase uptime. With this new funding, Augury will expand its global operation and enhance its industrial analytics capabilities.

We also heard of a number of new partnerships, alignments and collaborations … Dell Boomi™ (Boomi) announced the company has joined the Google Cloud Partner Program. The partnership further identifies and meets the needs of mutual Boomi and GCP customers via expanded collaboration with Google Cloud’s Storage and Pub/Sub services and added capabilities with BigQuery. Customers can now access these Google Cloud solutions with little coding and faster time to value via Boomi’s comprehensive, unified platform that connects directly to various data sources, whether on-premise or in the cloud. The partnership offers customers greater value through big data and analytic capabilities that help spark new IT transformations … AgilOne, the leading customer data platform for enterprise B2C brands, and Snowflake Computing, the data warehouse built for the cloud, announced a strategic partnership. The joint solution provides reporting and full SQL access to processed, record-level data within AgilOne with fast query performance via Snowflake – making vast amount of customer data easily accessible to marketing, IT, and data science teams. The partnership provides Snowflake’s cloud-built data warehouse as part of the AgilOne platform, enabling unlimited concurrent query loads with instant and infinite up and down scaling. AgilOne customers using the Metrics and Lightning IQ applications have gained a significant increase in performance through the joint solution. With Snowflake Data Sharing, customers gain direct and immediate access to AgilOne’s data for advanced analytics use-cases without ever having to move data or manage a custom ETL process, making it more efficient for data scientists to create their own models and feed them back into the AgilOne platform … The Industrial Internet Consortium® (IIC™) and the OpenFog Consortium® (OpenFog) announced that they have finalized the details to combine the two largest and most influential international consortia in Industrial IoT, fog and edge computing. Effective immediately, the organizations will work together under the IIC umbrella to drive the momentum of the industrial internet, including the development and promotion of industry guidance and best practices for fog and edge computing. Today’s announcement brings OpenFog members into the IIC at a time when their complementary areas of technology are emerging in the mainstream. The first formal meeting of the unified organization will be held in Raleigh, N.C., from February 11-14 … Quobyte has teamed up with the Centre for Agriculture and Bioscience International (CABI), an international nonprofit that uses science and technology to solve some of the world’s thorniest problems in agriculture and the environment. Its recent project, the Pest Risk Information Service (PRISE), is bringing big data to small farms in Ghana, Kenya, and Zambia. The service uses earth observation technology, satellite positioning, weather, and pest lifecycle information to forecast the risk of outbreaks including insects, mites, and pathogens. When farmers receive notifications of a potential outbreak, they can take preventative steps to reduce crop losses and manage risk – ensuring better yields for their communities. As part of this project, Quobyte is providing a massively scalable, fault-tolerant, high-speed storage infrastructure to support database and analytics systems involved in this operation. Quobyte allows data center administrators to scale beyond the thousands of servers and hundreds of petabytes needed to improve prediction/warning accuracy.

In M&A news, we learned … Gengo has been acquired by Lionbridge, one of the world’s largest providers of language services. This is huge news for not only the language services industry, but for the machine learning industry as well. For over 20 years, Lionbridge has been supplying an abundance of marketing, testing and globalization services. Like Gengo, Lionbridge leverages a huge network of skilled linguistic experts to create rich, localized content for a diverse range of uses and industries. By uniting their collective expertise in providing crowdsourced services will help the combined company to significantly improve offerings and customer experience. A particularly exciting part of this acquisition is the new possibilities that open up for Gengo’s AI and machine-learning capabilities. Lionbridge is dedicated to further supporting Gengo’s technology and enabling us to accelerate our expansion into the world of machine intelligence. The need for machine-learning training data and validation services is growing rapidly. Lionbridge’s linguistic experts, coupled with Gengo’s existing crowd and technology platform, will deliver a best-in-class solution for AI development in this new market … Los Angeles-based FanAI, a venture-backed developer of artificial intelligence software used for sponsorship engagement and analytics, has acquired Waypoint Media, the two announced. Financial details of the buy were not announced. FanAI–which is backed by Courtside Ventures, CRCM Ventures, BITKRAFT Esports Ventures, BDS Capital, Catalyst Sports, Deep Space Ventures, Everblue Management, Greycroft GC Tracker Fund, M Ventures, Rosecliff Ventures, and Sterling VC, says it uses AI to help identify and optimize engagement with sponsors in the esports area. Waypoint’s tools include an API which connects with Twitch, to better profile and understand Twitch viewers. FanAI is led by CEO and founder Johannes Waldstein.

In the new customer wins department we learned … Koverse, Inc. announced its intelligent solutions platform is being used as a foundation of PwC’s “Know Your Vendor” solution. PwC’s persistent monitoring solution provides transparency into vendor networks worldwide, helping companies mitigate brand, supply chain, financial and reputational risks and strengthen compliance. Koverse’s technology, used by PwC to rapidly develop its innovative solution, delivers unlimited scalability, cell-level data security and unprecedented performance. PwC’s Know Your Vendor solution is a monitoring solution created by fusing PwC’s proprietary experience, algorithms and advanced analytics with Koverse’s unique capabilities to handle structured and unstructured data from many sources at scale with unprecedented performance. The solution performs persistent monitoring on a company’s extended supplier networks, quantifies the risk surrounding vendors, and reveals areas of risk for mitigation measures. Organizations that adopt this analytics-focused approach to managing vendor-associated supply chain risk are able to alleviate costly reputational and regulatory risk; reduce their exposure to fraud and corporate social responsibility issues; and achieve cost savings through persistent, full-population monitoring of third-party relationships … TROVE, the predictive data science company, announced it secured contracts with 10 new clients, expanded its portfolio of use cases to address its clients’ priority needs, and continued to attract top data-science talent to its growing organization on way to a record 2018. Over the last year, TROVE has accelerated its pace-setting data-science work with electric and gas utilities while achieving its first successes in financial services … Stage Intelligence a leading Artificial Intelligence (AI) platform provider for Mobility and Logistics, has been selected by Tembici, the leader in bike sharing in Latin America, to deploy its BICO AI optimization platform in cities across the region. AI will be used to automate and accelerate Tembici’s operations creating efficiencies across their Bike Share Schemes as well as reducing their impact on the environment. The initial phase of the deployment will cover cities in Brazil including Rio de Janeiro, Sao Paulo, Recife, Salvador, Port Alegre and Vila Velha. In phase two, the BICO AI optimization platform will be rolled out in Santiago, Chile, and Buenos Aires, Argentina. Altogether, Tembici will use BICO to optimise rider experience and increase the usability of over 16,000 bikes.


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