The Series D round included participation from new investors MemorialCare Innovation Fund , the venture fund of Southern California’s MemorialCare Health System , and Gaingels , a syndicate representing the LGBT+ community and allies. All of the company’s existing investors also joined the round, including Transformation Capital, Providence Ventures, F-Prime Capital, Kaiser Permanente Ventures, Arthur Ventures and Lionbird . The company has now raised $57.2 million.
Trio of trends influencing analytics, says Tableau's Beers
Three main trends are influencing the development of new analytics capabilities, according to Andrew Beers, CTO at Tableau Software.
On June 15, during Tableau Virtual IT Summit, a user conference hosted by the Seattle-based vendor, Beers said analytics consumers want a single interface for working with data, the ability to engage with data within their workflows with embedded business intelligence , and to use data science capabilities for augmented intelligence and machine learning (ML) without requiring the skills of a data scientist.
Contentsquare Launches Cookieless Digital Analytics Solution
"Privacy is a central pillar of the new digital society, which is why digital trust is at the heart of customer experience. Contentsquare will keep investing more and more in helping businesses cultivate trusted relationships with their customers," said Jonathan Cherki, CEO and founder of Contentsquare, in a statement.
CLARA Analytics Appoints Heather H. Wilson as Chief Executive Officer - Illinois News Today
"Underwriting profitability and claims excellence continue to be the focus for all carriers. CLARA’s tools provide insights through the company’s unique AI / ML model, optimize performance and bill clients. Improve results and underwriting results. With CLARA’s product suite, organizations have already saved millions of dollars and streamlined operations, “said Wilson. “When given this opportunity, it was clear that CLARA was still in its infancy.
Andy Pinkes, Independent Director and Interim CEO of CLARA, said: “Heather’s knowledge of insurance and his deep expertise in data science and AI make her perfectly ideal for CLARA’s next stage of growth.
MachineMetrics raises $20M to meet industrial analytics demand | VentureBeat
Industrial analytics and machine monitoring platform MachineMetrics today announced that it closed a $20 million series B funding round led by Teradyne, an industrial automation and robotics company. Bill Bither, MachineMetrics cofounder and CEO, says that the new capital will be used to scale the company's sales, marketing, and customer operations; expand its partner ecosystem; and enhance capabilities at the edge.
Manufacturing is undergoing a resurgence as business owners look to modernize their factories and speed up operations. According to ABI Research , more than 4 million commercial robots will be installed in over 50,000 warehouses around the world by 2025, up from under 4,000 warehouses as of 2018. Oxford Economics anticipates 12.5 million manufacturing jobs will be automated in China, while McKinsey projects machines will take upwards of 30% of these jobs in the U.S.
Upgrading Industry 4.0 with Edge Analytics
Research from market insight provider IoT Analytics has revealed that making edge computing systems 'smart' by integrating intelligent tools is a key driver of the technology's continued growth. Edge analytics is a major enabler of an intelligent edge solution, broadening the scope of its use cases by enabling low latency, high-volume data actions.
The demand for more flexible and cost-effective operations has long been at the top of the agenda for manufacturing companies. A 2020 survey conducted by industrial automation provider Yokogawa revealed that 48 percent of respondents valued productivity as a key focus in their digitalization strategies, while 40 percent regarded operational efficiency as their main objective.
Bay Area database analytics firm with strong ties to UCSD opening innovation hub in San Diego -
A fast-growing Bay Area database analytics company announced plans Thursday to open a research and development center in San Diego that could eventually employ more than 100 workers.
TigerGraph, founded by UC San Diego Ph.D. computer science graduate Yu Xu, aims to tap the region's engineering talent to drive innovation for its core next-generation database and analytics platform.
The Redwood City company has raised more than $200 million since it was founded nine years ago. It will partner with UC San Diego's Halıcıoğlu Data Science Institute to attract job candidates in graph database technology, as well as analytics, artificial intelligence, machine learning and visualization.
In Petroleum Data Analytics, Artificial Intelligence Avoids the Black Box
Introduction
Petroleum data analytics is a solid engineering application of data science in petroleum-engineering-related problems. The engineering application of data science is defined as the use of artificial intelligence and machine learning to model physical phenomena purely based on facts (e.g., field measurements and data). The main objective of this technology is the complete avoidance of assumptions, simplifications, preconceived notions, and biases.
One of the major characteristics of petroleum data analytics is its incorporation of explainable artificial intelligence (XAI). While using actual field measurements as the main building blocks of modeling physical phenomena, petroleum data analytics incorporates several types of machine-learning algorithms, including artificial neural networks, fuzzy set theory, and evolutionary computing.
Verisk Analytics Inc. stock falls Friday, still outperforms market - MarketWatch
Shares of Verisk Analytics Inc. VRSK, -1.10% shed 1.10% to $171.09 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.31% falling 1.31% to 4,166.45 and Dow Jones Industrial Average DJIA, -1.58% falling 1.58% to 33,290.08. Verisk Analytics Inc. closed $39.57 below its 52-week high ($210.66), which the company reached on December 29th.
The stock underperformed when compared to some of its competitors Friday, as Fair Isaac Corp. FICO, +0.28% rose 0.28% to $502.35. Trading volume (1.2 M) eclipsed its 50-day average volume of 850,113.
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