Company:Anodot

From HandWiki
Short description: US Business analytics company
Anodot Ltd.
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

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

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

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

  1. 1.0 1.1 Woods, Dan. "Has Anodot Defined the Principles of General-Purpose AI?". https://www.forbes.com/sites/danwoods/2017/07/13/has-anodot-defined-the-principles-of-general-purpose-ai/. 
  2. Walsh, Sue (January 17, 2019). "Deloitte Picks Anodot for Real-Time Autonomous Analytics". https://www.rtinsights.com/deloitte-picks-anodot-for-real-time-autonomous-analytics/. 
  3. Barker, Colin. "Finding the anomalies in big data with machine learning" (in en). https://www.zdnet.com/article/finding-the-anomalies-in-big-data-with-machine-learning/. 
  4. "Inside Anodot's Anomaly Detection System for Time-Series Data". April 19, 2017. https://www.datanami.com/2017/04/19/inside-anodots-anomaly-detection-system-time-series-data/. 
  5. רבט, הגר (December 19, 2017). "חברת הבינה העסקית Anodot גייסה 23 מיליון דולר". https://www.calcalist.co.il/internet/articles/0,7340,L-3727694,00.html. 
  6. Musthaler, Linda (2016-02-04). "Anodot uses real-time analytics and anomaly detection to provide business insight" (in en). https://www.networkworld.com/article/3029729/anodot-uses-real-time-analytics-and-anomaly-detection-to-provide-business-insight.html. 
  7. "החברה החדשה של האיש שעשה אקזיט של 300 מיליון דולר". TheMarker. https://www.themarker.com/advertising/1.2795319. 
  8. "Israeli anomaly detection co Anodot raises $8m" (in he). Globes. 2016-09-22. https://en.globes.co.il/en/article-israeli-anomaly-detection-co-anodot-raises-8m-1001153898. 
  9. FinSMEs (2016-09-22). "Anodot Raises $8M in Funding" (in en-US). https://www.finsmes.com/2016/09/anodot-raises-8m-in-funding.html. 
  10. "Anodot grabs $35M Series C to help monitor business operations" (in en-US). 16 April 2020. https://social.techcrunch.com/2020/04/16/anodot-grabs-35m-series-c-to-help-monitor-business-operations/. 
  11. MSV, Janakiram. "Meet The Startups That Bring Artificial Intelligence To Log Management And Analysis" (in en). https://www.forbes.com/sites/janakirammsv/2017/07/04/meet-the-startups-that-bring-artificial-intelligence-to-log-management-and-analysis/. 
  12. Anodot. "Anodot Expands Globally, Adds New CMO and VP Products" (in en). https://www.prnewswire.com/news-releases/anodot-expands-globally-adds-new-cmo-and-vp-products-300609774.html. 
  13. "Deloitte Leverages Anodot for Real-Time Autonomous Analytics". Aithority. 6 December 2018. https://aithority.com/machine-learning/deloitte-leverages-anodot-for-real-time-autonomous-analytics/. Retrieved 30 July 2020. 
  14. "Anodot Expands Relationship With Amazon Web Services Enabling Customers to Monitor Business Metrics in Real Time" (in en-US). 2020-02-11. https://martechseries.com/predictive-ai/ai-platforms-machine-learning/anodot-expands-relationship-amazon-web-services-enabling-customers-monitor-business-metrics-real-time/. 
  15. "MegaFon Chooses Anodot's Autonomous Analytics to Predict Potential". June 20, 2019. https://www.aithority.com/news/megafon-chooses-anodots-autonomous-analytics-to-predict-potential-failures-in-the-provision-of-services-to-company-subscribers-ensuring-customer-excellence/. 
  16. Musthaler, Linda (February 4, 2016). "Anodot uses real-time analytics and anomaly detection to provide business insight". https://www.networkworld.com/article/3029729/anodot-uses-real-time-analytics-and-anomaly-detection-to-provide-business-insight.html. 
  17. "Intel Capital Leads $35M Investment In Business Analytics Firm Anodot" (in en-US). 2020-04-16. https://nocamels.com/2020/04/intel-capital-35m-investment-anodot/. 
  18. "Anodot Partners with Snowflake to Enable Real-Time Detection and Improve Customer Experience". https://www.martechadvisor.com/news/marketing-analytics/anodotpartners-with-snowflake-to-enable-real-time-detection-and-improve-customer-experience/. 
  19. "Anodot Gains Patents for Anomaly Detection". October 12, 2018. https://www.datanami.com/2018/10/12/anodot-gains-patents-for-anomaly-detection/. 
  20. FinSMEs (2020-04-16). "Anodot Secures $35M in Series C Funding" (in en-US). http://www.finsmes.com/2020/04/anodot-secures-35m-in-series-c-funding.html. 
  21. "Business monitoring startup Anodot raises $35M to expand into new verticals" (in en-US). 2020-04-16. https://siliconangle.com/2020/04/16/business-monitoring-startup-anodot-raises-35m-expand-new-verticals/. 
  22. Whiting, Rick (2020-04-20). "Big Data Analytics Startup Anodot Raises $35 Million In Financing". https://www.crn.com/news/applications-os/big-data-analytics-startup-anodot-raises-35-million-in-financing.