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Snowflake doubters voice reservations over data warehouse’s attempt to break into financial services

On-prem systems hold advantages in terms of known costs, say insiders Cloud-based data warehouse darling Snowflake has launched its latest venture into financial services, while Teradata, something of a stalwart in data warehousing for banks and insurers, is attempting to broaden its appeal with machine learning implementations.…

Modern Privacy Regulations Forge A New Path in the Middle East

Over the course of 7 short days in September of 2021 both the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) announced the introduction of modern privacy regulations. The decision from the twin wealth capitals of the Middle East represents a substantial change in regional data management regulation for thousands of companies, millions of residents and over one trillion dollars in GDP.

Ransomware: A market problem deserves a market solution

Gary M. Shiffman Contributor Share on Twitter Gary M. Shiffman, Ph.D., is the author of "The Economics of Violence: How Behavioral Science Can Transform our View of Crime, Insurgency, and Terrorism". He teaches economic science and national security at Georgetown University and is founder and CEO of Giant Oak. More posts by this contributor We need a new field of AI to combat racial bias REvil is a solid choice for a villain’s name: R Evil.

Tanso nabs $1.9M pre-seed to help industrial manufacturers do sustainability reporting

The climate crisis is creating massive demand for data capture as industries grapple with how to decarbonize. Put simply, you can’t cut your carbon emissions if don’t know what they are in the first place. This need to gather data is a big opportunity for startups — and a wave of early companies have already been founded to try to plug the sustainability data gap, through things like APIs to assess emissions for carbon offsetting (which in turn has led to other startups trying to tackle the data gap around offsetting projects…).

Scalability-focused Email Marketing Solutions that Incorporate Hadoop

Apache Hadoop needs no introduction when it comes to the management of large sophisticated storage spaces, but you probably wouldn’t think of it as the first solution to turn to when you want to run an email marketing campaign. This collection of open-source utilities are primarily designed to help solve issues related to distributed storage, which is normally associated with crunching large numbers and tracking information that comes in from multiple sources.

Vector database Pinecone promises to bring ML data management under control with 2.0 release

Hybrid disk and RAM system should slash costs, firm says Pinecone has upgraded its vector database, aiming at enterprises that are looking to boost productivity in machine learning projects.…

Relyance AI scores $25M Series A to ensure privacy compliance at the code level

Relyance AI, an early stage startup that is helping companies stay in compliance with privacy laws at the code level, announced a $25 million Series A today. At the same time, they revealed a previously unannounced $5 million seed round. Menlo Ventures and Unusual Ventures led the A round, while Unusual was sole lead on the seed. Serial entrepreneur Jyoti Bansal from Unusual will join the board under the terms of the deal.

Matillion raises $150M at a $1.5B valuation for its low-code approach to integrating disparate data sources

Businesses and the tech companies that serve them are run on data. At best, it can be used to help with decision-making, to understand how well or badly an organization is doing, and to build new systems to run the next generation of services. At its most challenging, though, data can represent a real headache: there is too much of it, in too many places, and too much of a task to bring it into any kind of order.

Going after social commerce for sportspeople, Millions gets $10M

Millions.co, a social commerce platform geared towards professional and semi-professional athletes wanting help to monetize their fanbase by selling merch and/or on-demand video, has grabbed $10 million in funding led by Boston-based Volition Capital. The round is being loosely pegged as a Series A as the seasoned team behind Millions self-funded the first wave of development to get the platform launched. The founding team includes CEO Matt Whitteker, a boxing gym owner who co-founded the supply chain data management unicorn Assent Compliance and NoNotes.com; CMO Brandon Austin, co-founder of Go-Fish Cam; and, in advisor roles, Adrian Salamunovic, co-founder of DNA 11 and CanvasPop; Scott Whitteker (Fight For The Cure) and Bruce Buffer (a veteran sports announcer).

Snowflake launches Financial Services Data Cloud, touts big customer wins

Western Union used Snowflake to consolidate 35 data warehouses and digitize its services around the world.
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