BIG DATA MANAGEMENT

Daasity Raised $15M in Series A Headed by VMG Catalyst to Make Smarter, Strategic Decisions With Data

Daasity | January 18, 2022

Data Analytics
Daasity, a consumer product analytics, and data platform, said that it had raised $15 million in Series A funding headed by existing lead investor VMG Catalyst. The money will make data more accessible and allow firms to augment their marketing channels with more tailored customer data.

“We're proud that leading investors in the consumer product brand space continue to partner and back us,” said Dan LeBlanc, CEO of Daasity. “Our 300% growth in under a year proves how scattered data is holding brands back from making urgent, critical business decisions. This capital will accelerate our vision of making actionable data accessible to all e-commerce brands.”

“We are thrilled to continue our partnership with Dan and the Daasity team as they enter their next phase of growth,” says Brooke Kiley, Partner at VMG Catalyst. “We consistently see how difficult it is for brands to act on their data, yet there is a greater need than ever. It is vital to utilize data to succeed in today’s competitive e-commerce environment. Daasity makes data accessible to all brands, empowering them with actionable insights and the ability to enrich their marketing channels with essential customer data.”

By centralizing actionable sales (Shopify, Amazon), marketing (Facebook, Google), and inventory data, Daasity reveals insights for over 1,600 consumer goods firms. Thanks to Daasity's customizable eCommerce data platform, team members, leadership, and analysts from firms like Manscaped, Vuori, Tula Skincare, Kopari, American Giant, and Caraway Home are now data-driven.

“Having our data at our fingertips has been key in allowing us to accelerate our growth strategy,” says Josh Knopman, Director of Growth & Digital Product at Caraway Home. “Daasity is a core component of our marketing stack. The ability to pull in data from dozens of sources and track daily performance at both a business and channel level gives our team the confidence and understanding to place smart bets faster. Analyzing all our customer data in one place allows us to better segment and personalize our marketing.”

Follow-on investments from Exeter Capital, VMG Catalyst, Mooring Ventures, Cove Fund, 1855 Capital, Okapi Venture Capital, and Serra Ventures fully funded the oversubscribed $15 million raise.

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Telemetry streaming through iDRAC 9 is stored and analyzed through the Dell Streaming Data Platform.

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Telemetry streaming through iDRAC 9 is stored and analyzed through the Dell Streaming Data Platform.

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ThoughtSpot and dbt Labs announce partnership to help analytics engineers launch self-service analytics

ThoughtSpot | December 19, 2022

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PossibleNOW Introduces MyPreferences Version 3.0

PossibleNOW | December 29, 2022

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Infleqtion Unveils SupercheQ, a Quantum Advantage for Distributed Databases

Infleqtion | December 09, 2022

Infleqtion, the global quantum ecosystem leader, today unveiled SupercheQ: Quantum Advantage for Distributed Databases, a scientific advance that extends the power of quantum computation to new applications involving distributed data. The emergence of commercial quantum hardware has been accompanied by new approaches to benchmarking quantum computers. In addition to application-centric benchmarking approaches such as Infleqtion's SupermarQ suite, scientists have developed benchmarks based on sampling from random quantum circuits. These benchmarks, including Quantum Volume, have enabled effective cross-platform comparisons, but until now have been disconnected from specific applications of quantum computers. The launch of SupercheQ changes this by endowing these random circuit sampling experiments with their first application. "SupercheQ achieves an exponential advantage for one of the most fundamental tasks in distributed computing: checking if two files are identical. "We leveraged recent advances in quantum information theory to show that the same families of circuits behind quantum volume can be used to realize this advantage." Pranav Gokhale, Vice President of Quantum Software at Infleqtion Gokhale will present SupercheQ on December 8th at Q2B in Santa Clara. Q2B, the world's largest non-academic quantum industry conference, brings together over 1,000 attendees from commercial companies and research institutions from around the world. SupercheQ has been experimentally validated by execution on superconducting quantum hardware from IBM Quantum, which also pioneered the invention of the Quantum Volume benchmarking metric. "The development of SupercheQ is an exciting step forward that starts to connect the dots between quality as measured by Quantum Volume to applications," said Jay Gambetta, IBM Fellow and Vice President of IBM Quantum. "The experimental validation on IBM Quantum hardware demonstrates the need for reliable and available hardware to advance quantum and build this industry together." In addition to the experimental validation on quantum hardware, the team performed large-scale simulations by leveraging NVIDIA GPUs, as well as the cuQuantum software development kit. "The launch of SupercheQ expands the possibilities of the tasks and types of data that can be addressed by a quantum computer," said Tim Costa, Director of HPC and Quantum Computing Products at NVIDIA. "The team's use of NVIDIA GPUs and cuQuantum has enabled them to validate SupercheQ's practical value at the scale of future quantum computers with hundreds of qubits." SupercheQ has been integrated into SuperstaQ, Infleqtion's flagship cloud quantum software platform, and the technical details behind SupercheQ have now been released in an academic paper, "SupercheQ: Quantum Advantage for Distributed Databases." Customers can get started today with a qiskit-superstaq tutorial notebook. SupercheQ is also in a private release as a new benchmark available in the SupermarQ suite. The development of SupercheQ—which requires both quantum computers and quantum networks—originates in Infleqtion's platform approach, spanning multiple quantum technologies. "We believe that the greatest advances in quantum will arise at the intersection of quantum computing, sensing, networking, and clock technologies," said Paul Lipman, Infleqtion's President of Quantum Information Platforms. "SupercheQ is an exemplar of this approach." About Infleqtion Infleqtion is building an ecosystem of quantum technologies and commercial products for today, that will drive the company and the entire industry toward tomorrow. The company believes in taking quantum to its limit and leading from the edge. Infleqtion is built on 15 years of pioneering quantum research from ColdQuanta. Its scalable and versatile quantum technology is used by organizations around the globe and deployed by NASA on the International Space Station. Infleqtion is based in Boulder, CO, with offices in Chicago, IL; Madison, WI; Melbourne, AU and Oxford, UK.

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