Five Minute Briefing - Information Management
July 14, 2022
Five Minute Briefing - Information Management: July 14, 2022. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
News Flashes
Deci, the deep learning company harnessing AI to solve the AI efficiency gap, announced it has raised $25 million in a Series B funding round, enabling the company to expand its go-to-market activities, as well as further accelerate the company's R&D efforts. The funding round was led by global software investor Insight Partners, with participation from existing investors Square Peg, Emerge, Jibe Ventures, and Fort Ross Ventures, as well as new investor ICON. The investment comes just seven months after Deci secured $21 million in Series A funding, also led by Insight Partners, bringing Deci's total funding to $55.1 million.
Ensono, an expert technology adviser and managed service provider, is acquiring AndPlus, a cloud native and data engineering firm. This acquisition continues Ensono's strategic investment in scaling its cloud and data engineering capabilities and reinforces the company's commitment to helping clients plan, build, migrate, and operate in the cloud, according to the vendor.