Persistent Systems Backs US-based Big Data firm Cazena

Persistent Systems, which is one of the largest IT company of India, has invested an undisclosed amount in big data as a service firm, Cazena. The investment was part of a $10 million round, that included some of the other leading investors like Andreessen Horowitz, Formation 8 and Northbridge Venture Partners, among others. As a part of Investment, the company has also partnered with some of the officials of Persistent Systems to further extend the cloud Data Lake to include self-service data discovery and data services for enterprises that don't have data engineering or machine learning or the Natural Language Processing (NLP) skills. "Persistent consistently drives forward rapid digital transformation for our enterprise clients. Partnering with Cazena enables us to extend innovative solutions for analytics and ML for our customers. We are excited to announce the new Self-Service Data Lake, a combination of Cazena's Big Data as a Service with Persistent's ShareInsights analytic solutions and our ML/AI data services. This solution provides enterprises immediate and actionable access to data to help unlock the'how' of digital transformation," said Anand Deshpande, Managing Director, Persistent Systems.