Upsolver provides software that eliminates the high engineering overhead of operating cloud data lakes, raised $13 million in Series A financing. Vertex Ventures US led the round with participation from new investor Wing Venture Capital (Wing) and existing investor Jerusalem Venture Partners (JVP). Data Lake projects are known for being lengthy, code intensive and complex. There is no self-service for data consumers and data engineers, get bogged down with endless ETL work with Hadoop or Spark. Upsolver reduces high-maintenance ETL issues as it uses familiar SQL interface, allowing analysts and engineers to join semi-structured streams and historical big data into actionable analytics and machine learning.
The cloud is disrupting traditional operating models for IT departments and entire organizations. Alibaba Cloud has opened two new data centers in the UK as it aims to extend further into Europe. The cloud computing arm of the Chinese retail giant already opened data centers in Frankfurt and Dubai in 2016. The new London data centers will offer services including elastic computing, storage, database, network, application services and big data analytics, Alibaba said, and are a response to demand for local facilities in Europe, said Alibaba. It will be seen as a pre-Brexit vote of confidence in the strength of the UK tech industry which has worried about levels of investment in the run up to leaving the European Union.
As concerns over security risks for connected vehicles continue to build, automotive cybersecurity company SafeRide Technologies believes unsupervised machine learning will help keep threat actors out of the driver's seats. Earlier this month, SafeRide launched its vXRay technology for connected vehicles' security operations center (SOC), which uses unsupervised machine learning technology to provide behavioral profiling and anomaly detection to improve connected vehicle security. Gil Reiter, vice president of product management and marketing at SafeRide, based in Tel Aviv, Israel, said vXRay is available for OEMs and fleet managers to integrate in their vehicles' SOC. "The vXRay technology establishes the normal behavior of the vehicle without any dependencies or without any knowledge of the specific electronic control unit properties," Reiter said. "Once the behavioral baseline of the vehicle is established, the technology can accurately detect and then flag any abnormal behavior of the vehicle system and report the abnormal behavior to the connected vehicle's SOC for further analysis."
ThetaRay, a big data analytics company based in Hod HaSharon, Israel, today announced that it raised more than $30 million in a funding round led by Jerusalem Venture Partners (JVP), GE, Bank Hapoalim, OurCrowd, SVB Investments, and others. That puts its fundraising total to date at about $60 million. "In this era when criminal activity and money laundering are increasing and becoming more sophisticated and also regulation is on the rise, there is a greater demand for our solutions," Mark Gazit, CEO of ThetaRay, said in a statement. "As the amount of digital information grows, you just can't protect it without artificial intelligence systems. ThetaRay offers the most advanced and mature solutions to detect threats before they happen."
DoiT International, the leading provider of proprietary public cloud optimization and operations software and public cloud expertise, announced it has signed a definitive agreement to acquire superQuery--a unique development platform for Google BigQuery, helping data teams increase data exploration speed and cost optimization of big data workloads. It also provides a complete development environment, enabling data analysts and data scientists to work at peak productivity when analyzing data in BigQuery. The acquisition is scheduled to be completed in early February 2020, and superQuery employees will join the ranks of DoiT International and extend the company's Platforms team in Tel Aviv. Together, they will be integrating and extending superQuery technology into the DoiT International stack of platforms and will deliver even greater value to customers worldwide. While this is just the first acquisition the Company is making in 2020, DoiT is actively looking for companies with a strong technology stack to provide its customers with an even stronger portfolio of cloud productivity and cost optimization solutions.