Five Minute Briefing - Information Management
July 23, 2024
Five Minute Briefing - Information Management: July 23, 2024. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
News Flashes
Code Metal, the company powering AI-based development workflows for the edge, is announcing it has secured $13 million in seed funding, as well as $3.45 million in a pre-seed round. Led by Shield Capital and J2 Ventures—with participation from Fulcrum Venture Group, Underdog Labs, and more—this capital will propel Code Metal's efforts to build both its modular and verifiable agentic workflows that radically enhance the speed of development and its team of experts.
Iterative, the company dedicated to streamlining the workflow of AI engineers and creator of widely-used open-source projects in MLOps, is announcing the upcoming release of Data Chain, the new open source tool designed to empower organizations to derive greater value from unstructured data. With the ability to process and evaluate unstructured data, Data Chain positions a variety of enterprises to successfully implement AI with open source data curation and pre-processing capabilities.
Snowflake, the AI Data Cloud company, is announcing that it will host Meta's Llama 3.1—a collection of multilingual open source large language models (LLMs)—in Snowflake Cortex AI, the solution providing instant access to industry-leading LLMs. With Snowflake's AI research team having optimized Llama 3.1 405B for both inference and fine-tuning, this offering pairs Meta's powerful, open source LLM with Snowflake's inference system stack for real-time, high-throughput inference.
Strata Identity, the Identity Orchestration company, is offering the general availability of Identity Continuity, an addition to its Maverics Identity Orchestration platform that ensures business continuity and uninterrupted application access. The solution seamlessly fails over from a primary cloud Identity Provider (IDP) to a secondary IDP, using an on-premises IDP or cloud-to-cloud failover capabilities, according to Strata.