Amongst its biggests clients is ride-hailing company Grab.
Data analytics platform provider iguazio may only be three years old but its opening of an Asia Pacific headquarters in Singapore is a testament to its high ambition.
The iguazio Unified Data Platform powers continuous analytics and event-driven applications for IoT, finance, and other services that require real-time processing.
Its expansion in the Asia Pacific will benefit enterprises facing data management challenges.
"Singapore as a leading hub for innovation opens up a variety of opportunities including cybersecurity, IoT, Smart City, financial services and telematics, making it an ideal location to accelerate iguazio’s APAC operations. iguazio will further expand into China and Japan in the second half of 2018," says iguazio Chief Executive Officer and co-founder Asaf Somekh.
It counts amongst its biggests clients Southeast Asia's ride-hailing company Grab.
"We chose Singapore as our Asia Pacific headquarters due to growing demand in the region, and because it positions iguazio to work with innovative companies such as Grab which are driven by the growing uptake of digital technologies among consumers and businesses,"
Compared to its competitors that deal with complex data by hiding it, iguazio's impetus is all about making big data simpler to understand.
iguazio's Unified Data Platform allow clients to deploy a variety of AI and analytics services.
It also eliminates data pipeline complexities, substantially reducing the time needed to generate insights.
This, Somekh says, allows enterprises to make smarter business decisions using big data.
"We see that many enterprises want to adopt digital transformation, but struggle with complex data pipelines which require very long deployment periods at extremely high costs. iguazio fixes the problem from the ground up with a unified platform that lets customers ingest, enrich and analyze data – all in one simple, fast and secure platform," explains Somekh. "We're addressing the need for simplicity, performance, security and agility. Most enterprises today can’t truly leverage IoT, artificial intelligence and machine learning because they suffer from too many data silos and long transformations between data models."
Somekh says big data is shifting from batch to real-time, opening up new opportunities across industries.
"In financial services for example, banks can use real-time data analytics for AI technologies that enable more accurate, faster detection of fraud. iguazio has also built cybersecurity solutions for telecommunications companies to deploy algorithmic systems that boost response time and help stay ahead of attackers," says Somekh.
With a fresh batch of funding amounting to $33 million from Verizon Ventures, Robert Bosch Venture Capital GmbH, CME Ventures, and Pitango Venture Capital, iguazio is equipped to enhance its platform and be aggressive in its expansion.
It has even gained the backing of the Israeli Authority of Innovation with a $4-million grant.
"We’re moving fast and are excited for what’s to come. We are expanding globally and are preparing for scale in terms of infrastructure, sales, marketing and operations. We will continue developing additional features and capabilities, focusing on a simple, fast and secure data platform that will make AI and machine learning more accessible for enterprises of all sorts," says Somekh. "We plan to keep growing our eco-system of channels by partnering with more system integrators and resellers. Additionally, we place great value on our developer community and are working on more open source technologies coming soon. And yes, we look forward to going public again sometime in the future."
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