Five Minute Briefing - Information Management
June 26, 2024
Five Minute Briefing - Information Management: June 26, 2024. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
News Flashes
CData Software, a leading provider of data connectivity solutions, is announcing a recent boom in capital, concluding a funding round that garnered $350 million from Warburg Pincus, a leading global growth investor, with participation from Accel.
Daytona, an open source development environment manager, announced that it has secured $5 million in a seed funding round to spearhead its mission of democratizing development for developers globally. The seed round was led by Upfront Ventures with participation from existing investor 500 EE, enabling Daytona to accelerate the expansion of streamlined development environments to developers worldwide. The company will further use the funds for product development and hiring for new marketing, sales, and engineering roles.
Microsoft-backed OpenAI is acquiring search and database analytics startup Rockset to improve infrastructure for its enterprise products. "Rockset's infrastructure empowers companies to transform their data into actionable intelligence. We're excited to bring these benefits to our customers by integrating Rockset's foundation into OpenAI products," said Brad Lightcap, OpenAI COO.