Dependable, correct and trusted information is essentially the most important 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 develop 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 choice makers consider they should enhance information high quality at their firm; 77% mentioned they lack belief of their group’s enterprise information.
To assist handle these important buyer wants, Databricks Ventures is happy to announce our funding within the Sequence B spherical of our longtime information high quality companion Anomalo. We first bought to know the Anomalo group almost three years in the past. From the beginning, we had been impressed by the caliber of the group, 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 considered one of 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. Prospects can start utilizing Anomalo to observe 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 Dwell Tables, and Databricks Workflows guarantee a excessive stage 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 prime of their Databricks Lakehouse.
The Anomalo Benefit
Our funding comes at a time of report progress for Anomalo – which ended its most up-to-date quarter with almost threefold year-over-year progress in ARR. All in all, the corporate has grown its annual recurring income greater than 15x since its Sequence A fundraise in 2021. New prospects added in 2023 embrace a few of the largest monetary companies, insurance coverage, retail and know-how 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 might be trusted.
What’s Subsequent
Collectively, Databricks and Anomalo are dedicated to unlocking the ability of trusted information, driving innovation, and making certain 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.