Anodot announced $8 million in funding led by Aleph Venture Capital with participation by Disruptive Technologies L.P., bringing Anodot’s total funding to $12.5 million.
The funds will be used to expand the company’s global sales and operations and meet demand for its service.
Anodot was co-founded by David Drai, the former CTO of GetTaxi and co-founder of Contendo (acquired by Akamai), Shay Lang, former VP Engineering at Trustwave, and Dr. Ira Cohen, former Chief Data Scientist at HP.
Anodot brings machine learning and real-time streaming data together to identify, report, and visualize business incidents as they occur, enabling its customers – often Business Intelligence analysts serving all aspects of a company’s operations – to quickly and effectively manage crises and uncover business opportunities. Instead of the usual days or weeks it currently takes companies to detect and understand data anomalies, Anodot’s SaaS solution is capable of identifying and notifying customers about issues in mere minutes.
“Today’s digital businesses operate in dynamic environments, but Business Intelligence analysts are hampered by their existing static tools, so they are the last to know when something happens that can impact their business. As a former CTO, I’ve seen how the inability to identify business incidents and delayed reactions can turn manageable issues into major crises, from the extended time it takes to recognize an issue to the even longer period necessary to understand the cause,” said David Drai, CEO and co-founder of Anodot. “Our patented algorithms automatically learn the normal behavior of any time series data – MixPanel, Google Analytics, Graphite, and so on – and then rapidly identify anomalies which typically indicate business incidents. Seasonality is a huge challenge for the industry, and the subtle changes that wouldn’t trigger static thresholds are caught by Anodot.”
“The promise of Big Data and Business Intelligence is vast, but so few companies have unlocked its potential. Anodot is channeling the most advanced machine learning algorithms to make Business Intelligence real-time and its potential impact is enormous,” said Eden Shochat, Founder & Partner at Aleph. “Aleph is focused on finding companies who rethink stagnant industries that are ripe for change, and we’re thrilled to be joining Anodot on their journey.”
“From the beginning, we believed in Anodot’s vision of revolutionizing the BI market, and Anodot continues to move the needle for businesses looking for the best analytic capabilities,” said Tal Barnoach, General Partner at Disruptive “Disruptive is committed to finding disruptive ideas, technologies and products that change existing habits and the way users interact with products, and Anodot is a great fit for this mission.”
The Latest
Over the last 20 years Digital Employee Experience has become a necessity for companies committed to digital transformation and improving IT experiences. In fact, by 2025, more than 50% of IT organizations will use digital employee experience to prioritize and measure digital initiative success ...
While most companies are now deploying cloud-based technologies, the 2024 Secure Cloud Networking Field Report from Aviatrix found that there is a silent struggle to maximize value from those investments. Many of the challenges organizations have faced over the past several years have evolved, but continue today ...
In our latest research, Cisco's The App Attention Index 2023: Beware the Application Generation, 62% of consumers report their expectations for digital experiences are far higher than they were two years ago, and 64% state they are less forgiving of poor digital services than they were just 12 months ago ...
In MEAN TIME TO INSIGHT Episode 5, Shamus McGillicuddy, VP of Research, Network Infrastructure and Operations, at EMA discusses the network source of truth ...
A vast majority (89%) of organizations have rapidly expanded their technology in the past few years and three quarters (76%) say it's brought with it increased "chaos" that they have to manage, according to Situation Report 2024: Managing Technology Chaos from Software AG ...
In 2024 the number one challenge facing IT teams is a lack of skilled workers, and many are turning to automation as an answer, according to IT Trends: 2024 Industry Report ...
Organizations are continuing to embrace multicloud environments and cloud-native architectures to enable rapid transformation and deliver secure innovation. However, despite the speed, scale, and agility enabled by these modern cloud ecosystems, organizations are struggling to manage the explosion of data they create, according to The state of observability 2024: Overcoming complexity through AI-driven analytics and automation strategies, a report from Dynatrace ...
Organizations recognize the value of observability, but only 10% of them are actually practicing full observability of their applications and infrastructure. This is among the key findings from the recently completed Logz.io 2024 Observability Pulse Survey and Report ...
Businesses must adopt a comprehensive Internet Performance Monitoring (IPM) strategy, says Enterprise Management Associates (EMA), a leading IT analyst research firm. This strategy is crucial to bridge the significant observability gap within today's complex IT infrastructures. The recommendation is particularly timely, given that 99% of enterprises are expanding their use of the Internet as a primary connectivity conduit while facing challenges due to the inefficiency of multiple, disjointed monitoring tools, according to Modern Enterprises Must Boost Observability with Internet Performance Monitoring, a new report from EMA and Catchpoint ...
Choosing the right approach is critical with cloud monitoring in hybrid environments. Otherwise, you may drive up costs with features you don’t need and risk diminishing the visibility of your on-premises IT ...
