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  </p>
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    <li>
      <p>
        Sigma, a cloud-native analytics platform, has secured USD 200 million in a Series D funding round led by Spark Capital and Avenir Growth Capital. NewView Capital, Snowflake Ventures, Sutter Hill Ventures, and D1 Capital Partners, among others, participated.
      </p>
    </li>
    <li>
      <p>
        The funds raised will further Sigma's work in AI infrastructure, data application development, business user adoption, and enterprise-wide collaboration.
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      <p>
        Formed in 2014, Sigma is a cloud-native analytics platform that provides business intelligence (BI) and analytics solutions. It recently announced new product rollouts, including an AI toolkit for businesses, tools for building scalable data applications, a notebook for SQL and Python coding within Sigma, and enhancements to its embedded analytics product.
      </p>
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<div>
  <p>
    <a href="https://www.sigmacomputing.com/announcements/sigma-raises-200-million-in-series-d-funding">
      Press release
    </a>
  </p>
</div>


Data Infrastructure & Analytics

<div>
 
 <p>Sigma, a cloud-native analytics platform, has raised USD 200 million in a Series D funding round. The round was led by Spark Capital and Avenir Growth Capital, with participation from NewView Capital, Snowflake Ventures, Sutter Hill Ventures, and D1 Capital Partners, among others.</p>
 <p>The capital raised will be used to advance Sigma's work in various areas, such as AI infrastructure, data application development, encouraging adoption by business users, and promoting enterprise-wide collaboration.</p>
 <p>Established in 2014, Sigma offers business intelligence (BI) and analytics solutions as a cloud-native analytics platform. The company recently released new products, including a toolkit for businesses to leverage AI, tools that assist in the development of scalable data applications, an integrated notebook for SQL and Python coding, and upgrades to its embedded analytics product.</p>
 
</div>

Sigma raises USD 200 million in Series D funding to reshape business intelligence

PROMINENT_CATEGORY

<div>
 
 <p>Alteryx, a cloud-based data analytics platform with AI-powered automation, has introduced Alteryx AiDIN Copilot. This AI assistant is designed to aid in the production of analytical workflows.</p>
 <p>The AiDIN Copilot employs Google Cloud's Gemini AI models, providing a conversational data interaction interface, leading to enhanced efficiency and quicker data insights.</p>
 <p>The AI assistant is intended to accelerate business problem-solving for both novice and experienced data workers. It does this by simplifying tools and minimizing manual configurations. Furthermore, it enables all employees to make data-informed decisions via a conversational AI interface and ensures that IT can deploy AI in a secure, governed environment, following Alteryx's Responsible AI Principles.</p>
 
</div>

Alteryx launches AiDIN Copilot, an AI assistant to build analytical workflows

<div>
 
 <p>Elastic, an analytics solution provider, has introduced a new product named "Search AI Lake".</p>
 <p>"Search AI Lake" is a cloud-based architecture tailored for real-time, low-latency applications like search and security. It's the underlying technology for the new Elastic Cloud Serverless offering, designed for effortless scaling and workload management.</p>
 <p>Main features of Search AI Lake consist of unlimited scaling, separate computing and storage, and real-time low-latency performance. The platform deploys smart caching and segment-level query parallelization to decrease latency and expedite data retrieval. It can self-scale to accommodate workload requirements and includes AI-based relevance, retrieval, and reranking capabilities.</p>
 <p>Being a distributed platform, Search AI lake allows users to pull data across different regions, cloud instances, or hybrid environments.</p>
 
</div>

Elastic rolls out Search AI Lake for low-latency search

<div>
 <p>WekaIO, a startup that offers data management and storage solutions, has recently raised a total of USD 140 million. This was part of an oversubscribed two-part Series E funding round. Valor Equity Partners led the investments, with participations from NVIDIA Corp, Qualcomm Ventures, and Hitachi Ventures. After this funding round, Weka's total external funding has now exceeded USD 415 million.</p>
 <p>Weka's new worth has now reached USD 1.6 billion, a value reported to be more than double its previous valuation.</p>
 <p>The company is planning to use the newly raised funds to increase its cash reserves. This strategy will provide them with the ability to quickly scale their business to fulfill increasing global demand. Additionally, Weka also plans to expand its investments in further developing its data platform.</p>
 
</div>

WekaIO raises USD 140 million to scale businesses and develop platform

<div>
<p>Hevo Data, a SaaS company providing a data pipeline platform, became a member of Snowflake Partner Connect, a part of Snowflake's Data Cloud. With this integration, Snowflake users can directly utilize Hevo Data’s ELT platform. This simplifies data management and transfer, enhancing efficiency of data integration and analytics.</p>
</div>

Hevo Data partners with Snowflake for streamlining data engineering and analytics

ANALYST_QUICK_TAKE

<div>
 
 <p>DatologyAI, has secured USD 46 million in a Series A funding round headed by Felicis Ventures. The round also included participation from existing investors Radical Ventures and Amplify Partners, as well as new investors Elad Gil, M12, and the Amazon Alexa Fund.</p>
 
 <p>The raised funds will be used for team expansion at DatologyAI, with the intention to hire additional researchers and engineers to enhance their operational scale and progress their data curation capabilities.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> &nbsp;This investment comes after a seed funding of USD 11.7 million in <a href="https:<br>
//sp-edge.com/updates/26879"> February 2024 </a> , which was aimed at streamlining the organization of data to train AI more effectively. Improving how datasets are trained helps reduce harmful content and bias, making AI models safer and more dependable.</p>

DatologyAI raises USD 46 million for team expansion and product development

INCUMBENTS_PRESENT

<div>
 
 <p>Oracle has introduced Oracle Database 23ai, a new product range available as cloud services. This software brings AI capabilities to the location of the data, enhancing the efficiency, security, and effectiveness of AI operations within Oracle databases in real-time. It is intended to simplify the integration of AI with data, hasten application development, and manage critical workloads.</p>
 <p>The release of Oracle Database 23ai includes support for Oracle AI Vector Search along with more than 300 other significant features. These features are designed to help simplify the use of AI with data, speeding up the development process for applications, and effectively running mission-critical workloads.</p>
 <p>Additional features of the release include Oracle Exadata System Software 24ai which enables Exadata smart storage to execute AI Vector Search effectively when dealing with large data volumes. Another key feature is OCI GoldenGate 23ai, which allows for the integration of heterogeneous data and maintains high availability across cloud data storage units.</p>
 
</div>

Oracle unveils Oracle Database 23ai, supporting AI Vector Search

<div>
 
 <p>Rivery, a data integration platform, is joining forces with Sigma Computing, a company that offers cloud-native analytics and business intelligence. This collaboration aims to make it easier for users who don't have a technical background to understand data insights.</p>
 <p>As a result of the collaboration, Rivery's extensive list of 200+ data sources and data visualizations will be implemented into Sigma's cloud platform and analytical apparatus. The goal of this integration is to provide a richer insight and encourage businesses to adopt a data- and AI-centric approach.</p>
 <p>Sigma is a cloud-based analytical tool that features a user-friendly spreadsheet interface. This tool allows business professionals to explore their cloud data platforms and extract valuable insights without the need for any technical knowledge or extensive training. It allows users to easily navigate and analyze large data sets.</p>
 
</div>

Rivery partners with Sigma Computing to simplify data insights for non-technical users

<div>
 
 <p>Peregrine, a data integration platform supplier, has secured 30 million dollars in a Series B financing round. The leading investors were Friends &amp; Family Capital and Fifth Down Capital, and other investors, including Goldcrest Capital, and Craft Ventures, also participated.</p>
 <p>The new investment is planned to be used for the expansion of the platform and hiring new employees, with the goal of more than doubled workforce by 2024.</p>
 <p>Established in 2018, Peregrine offers a sophisticated data integration platform to public safety agencies. It provides a solution to connect different data sources and integrate any size or type of data, providing complex insights. The platform includes features for searching, investigation, and operation management, giving real-time answers to users.</p>
 
</div>

Peregrine raises USD 30 million in Series B funding for product development and recruitment

<div>
 
 <p>The Apache Software Foundation (ASF) has launched Apache Paimon, a data processing project designed specifically for real-time lakehouse architectures built with Apache Spark and Apache Flink. Paimon can process data in both batch and streaming modes.</p>
 <p>Paimon's capabilities include high-speed data processing, supporting real-time analytics and queries, diverse data writing and reading methods, and Online Analytical Processing queries. According to ASF, Paimon also features a reliable and flexible storage layer for large volumes of streaming data, allowing real-time updates and more flexibility in record updates.</p>
 <p>The ASF is an open-source community of developers, focusing on a broad spectrum of enterprise-level projects. The organization, also a charitable entity, provides organizational, legal, and financial support for Apache open-source software projects.</p>
 
</div>

All Updates

Sigma raises USD 200 million in Series D funding to reshape business intelligence

Alteryx launches AiDIN Copilot, an AI assistant to build analytical workflows

Elastic rolls out Search AI Lake for low-latency search

WekaIO raises USD 140 million to scale businesses and develop platform

Hevo Data partners with Snowflake for streamlining data engineering and analytics

DatologyAI raises USD 46 million for team expansion and product development

Oracle unveils Oracle Database 23ai, supporting AI Vector Search

Rivery partners with Sigma Computing to simplify data insights for non-technical users

Peregrine raises USD 30 million in Series B funding for product development and recruitment

Apache Software Foundation launches Apache Paimon for data processing

Data Infrastructure & Analytics

Sigma raises USD 200 million in Series D funding to reshape business intelligence

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