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Anodot

From Wikipedia, the free encyclopedia
Anodot Ltd.
Company typePrivate
Industrydata analytics
Founded2014
Headquarters,
United States
Key people
David Drai
Websitewww.anodot.com

Anodot is an American data analytics company that uses machine learning and artificial intelligence for business monitoring and anomaly detection.[1][2][3]

History

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Anodot was founded in 2014 by David Drai along with Ira Cohen, former Chief Data Scientist at HP. Prior to that, Drai was the CTO at Akamai.[1][4][5] While working as CTO at GetTaxi, he realized that there is a need for real time data analytics. He started working on developing a software that can be paired for data analysis and visualization.[6][7] Drai sought financing to start Anodot and received the seed round of funding of $1.5 million in 2014 from Disruptive Technologies Venture Capital. In the next three years, the company raised three rounds of funding for expansion, bringing the company's total venture capital backing to $27.5 million.[8][9][10]

Anodot is one of the data analytics companies that competes with established firms to provide data analysis and visualization in a real time. The company claims that it started analyzing well over 5.2 billion data points per day within six months of its launch.[11]

In 2018, Anodot announced Andy Fenselau as Chief Marketing Officer and Amit Levi as the VP Head of Product.[12] Later in the year, Anodot partnered with Deloitte Australia, where Deloitte used its technology to process its client's data and gain insights.[13] In 2020, the company announced partnership with Amazon AWS to monitor business metrics.[14]

The company possesses two U.S. patents for algorithms of machine learning-based anomaly detection.[15][16] Anodot has offices in Israel, UK and Australia and has majority of its client base in digital business and telecom industry.[17]

Technology

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Anodot launched a data analytics platform that analyzes real time structured metrics data and unstructured log data and it independently detects and correlates anomalies and forecasts business in real time.[18] According to the company, the algorithms are designed specifically to quickly identify the source of anomalies in large data sets, and perform root-cause analysis.[19]

Funding

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The company raised $62.5 million in funding by April 2020 with most recent funding Series C round of $35 million led by Intel Capital[20] and included SoftBank Ventures Asia, Samsung NEXT, Aleph and Redline Capital Management.[21][22]

References

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  1. ^ a b Woods, Dan. "Has Anodot Defined the Principles of General-Purpose AI?". Forbes.
  2. ^ Walsh, Sue (January 17, 2019). "Deloitte Picks Anodot for Real-Time Autonomous Analytics".
  3. ^ Barker, Colin. "Finding the anomalies in big data with machine learning". ZDNet. Retrieved 2020-07-30.
  4. ^ "Inside Anodot's Anomaly Detection System for Time-Series Data". Datanami. April 19, 2017.
  5. ^ רבט, הגר (December 19, 2017). "חברת הבינה העסקית Anodot גייסה 23 מיליון דולר". כלכליסט - www.calcalist.co.il.
  6. ^ Musthaler, Linda (2016-02-04). "Anodot uses real-time analytics and anomaly detection to provide business insight". Network World. Retrieved 2020-07-30.
  7. ^ "החברה החדשה של האיש שעשה אקזיט של 300 מיליון דולר". TheMarker. Retrieved 2020-07-30.
  8. ^ "Israeli anomaly detection co Anodot raises $8m". Globes (in Hebrew). 2016-09-22. Retrieved 2020-07-30.
  9. ^ FinSMEs (2016-09-22). "Anodot Raises $8M in Funding". FinSMEs. Retrieved 2020-07-30.
  10. ^ "Anodot grabs $35M Series C to help monitor business operations". TechCrunch. 16 April 2020. Retrieved 2020-07-30.
  11. ^ MSV, Janakiram. "Meet The Startups That Bring Artificial Intelligence To Log Management And Analysis". Forbes. Retrieved 2020-07-30.
  12. ^ Anodot. "Anodot Expands Globally, Adds New CMO and VP Products". www.prnewswire.com. Retrieved 2020-07-30.
  13. ^ "Deloitte Leverages Anodot for Real-Time Autonomous Analytics". Aithority. 6 December 2018. Retrieved 30 July 2020.
  14. ^ "Anodot Expands Relationship With Amazon Web Services Enabling Customers to Monitor Business Metrics in Real Time". MarTech Series. 2020-02-11. Retrieved 2020-07-30.
  15. ^ "MegaFon Chooses Anodot's Autonomous Analytics to Predict Potential". June 20, 2019.
  16. ^ Musthaler, Linda (February 4, 2016). "Anodot uses real-time analytics and anomaly detection to provide business insight". Network World.
  17. ^ "Intel Capital Leads $35M Investment In Business Analytics Firm Anodot". NoCamels. 2020-04-16. Retrieved 2020-07-30.
  18. ^ "Anodot Partners with Snowflake to Enable Real-Time Detection and Improve Customer Experience". www.martechadvisor.com.
  19. ^ "Anodot Gains Patents for Anomaly Detection". Datanami. October 12, 2018.
  20. ^ FinSMEs (2020-04-16). "Anodot Secures $35M in Series C Funding". FinSMEs. Retrieved 2020-07-30.
  21. ^ "Business monitoring startup Anodot raises $35M to expand into new verticals". SiliconANGLE. 2020-04-16. Retrieved 2020-07-29.
  22. ^ Whiting, Rick (2020-04-20). "Big Data Analytics Startup Anodot Raises $35 Million In Financing". CRN. Retrieved 2020-07-29.