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Starburst acquires data lake analytics accelerator Varada to challenge Snowflake

TechCrunch

Starburst , the well-funded data warehouse analytics service and data query engine based on the open-source Trino project, today announced that it has acquired Varada , a Tel Aviv-based startup that focuses on data lake analytics.

Analytics 218
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Firebolt, a data warehouse startup, raises $100M at a $1.4B valuation for faster, cheaper analytics on large data sets

TechCrunch

Israeli startup Firebolt has been taking on Google’s BigQuery, Snowflake and others with a cloud data warehouse solution that it claims can run analytics on large datasets cheaper and faster than its competitors. Firebolt cites analysts that estimate the global cloud analytics market will be worth some $65 billion by 2025.

Analytics 218
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Silverflow nabs $17M for its updated, cloud-based take on payments processing technology

TechCrunch

Now that, too is starting to change: today, a company called Silverflow that’s built a new take on one aspect of that, with an API to enable data-based payment processing, is announcing $17 million in funding to capitalize on interest that it is seeing for its technology among payment service providers.

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Ascend.io lands $31M to automate data pipeline orchestration

TechCrunch

There’s no denying that the pandemic bolstered the adoption of AI and analytics technologies. The rapid changes brought on by the health crises forced businesses to adapt practically overnight, accelerating the rollout of new products. Of course, the benefits haven’t been evenly distributed.

Data 230
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Better, faster decisions: Why businesses thrive on real-time data

CIO

Most organizations understand the profound impact that data is having on modern business. In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years.

Data 293
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6 tips for making the most of a tight IT budget

CIO

IT leaders seeking to drive enterprise growth through technology investments are often saddled with budgets that make their tasks of increasing the top and bottom lines challenging. This is where Saurabh Mittal, CTO at Mumbai-based Piramal Capital & Housing Finance, wants IT leaders to make a careful distinction.

Budget 344
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5 hot IT budget investments — and 2 going cold

CIO

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. At the same time, they are defunding technologies that no longer contribute to business strategy or growth.

Budget 363