Five Minute Briefing - Information Management
June 10, 2024
Five Minute Briefing - Information Management: June 10, 2024. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
News Flashes
Alation, the data intelligence company, is announcing that it has expanded its partnership with Snowflake, enabling Alation's Open Data Quality Framework to now support integration with Snowflake Horizon. This integration aims to empower enterprises to surface and remediate data quality issues before they impact downstream business and data operations, driving better governance, faster, more accurate AI model development, and more trusted decision making, according to Alation.
Cube, the provider of the universal semantic layer for every data app, is announcing the completion of its latest funding round—led by new investor Databricks Ventures—having raised $25 million. Seeing participation from existing investors Decibel, Bain Capital Ventures, Eniac Ventures, and 645 Ventures, this latest funding round will help Cube invest in its growth and development strategies for its flagship product, Cube Cloud.
Darktrace, a global leader in cybersecurity AI, is introducing its new service offering, Darktrace Managed Detection and Response (MDR), combining its detection and response capabilities spanning across the enterprise, with the expertise of its global analyst team. According to Darktrace, this powerful combination augments internal security teams with AI-powered threat containment and expert alert management across Darktrace environments, allowing them to focus resources on more strategic security efforts, like improving cyber resilience.
SqlDBM, a leading collaborative, cloud-based data modeling platform for the enterprise, is unveiling Tx, a transformational workflow solution that empowers teams to facilitate both relational and transformational modeling in one platform. Allowing users to quickly and collaboratively develop and automate modular analytics code, Tx closes the relational/transformational data gap by centralizing these workflows in a single solution.