Dataiku Announces Strategic Investment from Snowflake to Empower Businesses

Dataiku, an AI and machine learning platform, has announced a new investment from Snowflake Ventures, the venture arm of Snowflake. Together, Dataiku and Snowflake deliver AI capabilities that enable customers to build, deploy and monitor all types of data science projects, including machine learning and deep learning.

“With Dataiku, Snowflake customers can gain a unique visual interface and experience that enables collaboration across a broad range of business users and data teams users who can access and leverage the Data Cloud to create automated data pipelines, powerful predictive analytics, and practical AI-driven applications powered by Snowflake,” the company said in a statement.

“We partner and invest with companies that demonstrate a commitment to mobilizing data and provide value to our customers,” Snowflake SVP of Product, Christian Kleinerman said. “This investment with Dataiku solidifies our strong partnership and joint commitment to help our customers take advantage of AI and machine learning together and realize the benefits from the Data Cloud.”

“The past year has shown every business that data is essential for resilience,” said Dataiku CEO Florian Douetteau. “That resilience can be achieved by expanding access to data in the cloud, paired with the ability to rapidly develop insights and predictive applications. We believe that the deepening integration with Snowflake will provide our joint customers with a faster, better path to adapt, scale and meet new challenges.”

+ posts

Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of  economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.

What's your take on this post ? Comment: