Dependable, correct and trusted information is probably the most crucial requirement for any information utility 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 biggest, blockers enterprises face in maximizing the worth of knowledge and AI. One current research discovered that 91% of IT determination makers imagine they should enhance information high quality at their firm; 77% mentioned they lack belief of their group’s enterprise information.
To assist tackle these crucial 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 acquired to know the Anomalo workforce practically three years in the past. From the beginning, we have been impressed by the caliber of the workforce, the progressive 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 considered one of our early Associate Join integrations, Anomalo has lengthy labored seamlessly with the Databricks platform. Anomalo’s AI-powered information high quality monitoring routinely detects information high quality points and their root causes earlier than they have an effect on BI dashboards and reviews or downstream AI fashions. Clients can start utilizing Anomalo to watch any Databricks desk in a matter of minutes, with no need in depth, time-consuming and guide configuration. Importantly, Anomalo’s tight integrations with core Databricks applied sciences like Unity Catalog, Delta Stay Tables, and Databricks Workflows guarantee a excessive degree of confidence within the high quality of knowledge throughout each layer of a buyer’s stack.
Anomalo is considered one of our largest and fastest-growing information high quality companions, with dozens of joint prospects already utilizing Anomalo on high of their Databricks Lakehouse.
The Anomalo Benefit
Our funding comes at a time of document progress for Anomalo – which ended its most up-to-date quarter with practically threefold year-over-year progress 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 know-how companies. Our joint prospects together with Casey’s, Lebara, and Block are utilizing Anomalo on high of the Databricks Information Intelligence Platform to make sure their Information and AI could be trusted.
What’s Subsequent
Collectively, Databricks and Anomalo are dedicated to unlocking the facility of trusted information, driving innovation, and making certain the success of enterprises worldwide. Keep tuned as we embark on this journey in direction of a future the place trusted information and AI options empower companies to thrive.