Dependable, correct and trusted information is essentially the most essential requirement for any information software in an enterprise. As Databricks prospects more and more depend on their information for automated insights and buyer experiences, information high quality has change into a baseline necessity. Importantly, information high quality points are one of many largest, if not the most important, blockers enterprises face in maximizing the worth of information and AI. One current research discovered that 91% of IT resolution makers imagine they should enhance information high quality at their firm; 77% mentioned they lack belief of their group’s enterprise information.
To assist deal with these essential buyer wants, Databricks Ventures is happy to announce our funding within the Collection B spherical of our longtime information high quality associate Anomalo. We first bought to know the Anomalo staff almost three years in the past. From the beginning, we have been impressed by the caliber of the staff, the modern and easy-to-use product, tempo of technical innovation, and fast time-to-value prospects can obtain from deploying Anomalo’s AI-powered, automated quality-monitoring options.
Constructing on Our Tight Partnership
As one in all our early Accomplice Join integrations, Anomalo has lengthy labored seamlessly with the Databricks platform. Anomalo’s AI-powered information high quality monitoring robotically detects information high quality points and their root causes earlier than they have an effect on BI dashboards and studies or downstream AI fashions. Clients can start utilizing Anomalo to watch any Databricks desk in a matter of minutes, while not having in depth, time-consuming and guide configuration. Importantly, Anomalo’s tight integrations with core Databricks applied sciences like Unity Catalog, Delta Reside Tables, and Databricks Workflows guarantee a excessive stage of confidence within the high quality of information throughout each layer of a buyer’s stack.
Anomalo is one in all our largest and fastest-growing information high quality companions, with dozens of joint prospects already utilizing Anomalo on prime of their Databricks Lakehouse.
The Anomalo Benefit
Our funding comes at a time of document development for Anomalo – which ended its most up-to-date quarter with almost threefold year-over-year development in ARR. All in all, the corporate has grown its annual recurring income greater than 15x since its Collection A fundraise in 2021. New prospects added in 2023 embrace a few of the largest monetary providers, insurance coverage, retail and expertise corporations. Our joint prospects together with Casey’s, Lebara, and Block are utilizing Anomalo on prime of the Databricks Knowledge Intelligence Platform to make sure their Knowledge and AI could be trusted.
What’s Subsequent
Collectively, Databricks and Anomalo are dedicated to unlocking the ability of trusted information, driving innovation, and guaranteeing the success of enterprises worldwide. Keep tuned as we embark on this journey in the direction of a future the place trusted information and AI options empower companies to thrive.
