BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, BUSINESS STRATEGY
Babel Street | November 29, 2022
Babel Street, a leading data-to-knowledge company, today announced it will acquire Rosette®, the AI-powered text analytics platform, from BasisTech. The combination of Babel Street and Rosette will form an enhanced data analytics and intelligence software platform, delivering rapid, rich insights across the threat intelligence, risk mitigation, and identity markets.
Rosette, an AI software solution developed and provided by BasisTech, powers many of the largest mission-critical systems in the public and private sectors. Customers deploy Rosette’s text analytics platform for cross-lingual identity resolution to help protect national security, prevent financial crime, and verify identity. Rosette applies machine learning and deep neural nets to help companies identify and understand relationships amongst people, locations, organizations, and events in multilingual text. Babel Street delivers critical and timely insights from across a massive, multilingual digital landscape through a single pane of glass for analysis, collaboration, and action at superhuman speed.
The acquisition positions Babel Street as a highly differentiated category leader in threat intelligence, risk mitigation, and identity markets. With Rosette’s complementary capabilities, Babel Street will provide expanded solutions to better serve the mission-critical needs of a broader set of government and commercial organizations worldwide. The new, comprehensive platform will support deeper entity knowledge base creation for screening and countering insider threats, leveraging Rosette’s deep AI and machine-learning-driven natural language processing (NLP) technology, as well as name-matching capabilities.
“Babel Street's deep expertise in cross-lingual search across massive amounts of data, coupled with Rosette’s ability to identify, categorize, extract, index, and analyze all aspects of multi-language text, will help improve safety and security for our customers. “With the addition of Rosette, we will create a leader in threat and risk intelligence, best positioned to capitalize on the large market opportunity at a time when this technology is increasingly vital for awareness and security. We’re thrilled to welcome Rosette’s deep bench of talent to the Babel Street team.”
Michael Southworth, CEO of Babel Street
“We’re excited for the opportunity to see Rosette’s technology integrated with the most comprehensive and flexible open-source intelligence platform available,” said Carl Hoffman, CEO of BasisTech. “Rosette’s NLP capabilities are a natural complement to Babel Street’s advanced analytics capabilities and will provide a powerful asset in helping screen for global threats and risk with greater context and understanding.”
Customers across industries can expect the integration to offer expanded, locally deployable capabilities and the addition of AI capabilities fueled by the most comprehensive range of enriched, standardized data sources across the digital landscape. This will provide greater intent understanding and trend discovery for governments and commercial enterprises across many industries including healthcare, financial services, manufacturing, and logistics. Following the close of the transaction, Babel Street will continue to market Rosette as a standalone offering and incorporate Rosette’s differentiated technologies into its own solutions.
“In addition to threat detection, conversational AI-enabling technologies like NLP have the potential to become the basis for trust between companies and their customers or trading partners,” explained Dan Miller, lead analyst at Opus Research. “Rapid recognition of intent, real-time situational awareness, and machine learning empower Babel Street and Rosette to be the cornerstone for an ever-expanding set of mission-critical use cases.”
Specific capabilities that Rosette will bring to Babel Street include:
Advanced Natural Language Understanding: including relevancy scoring, document clustering, and Chinese, Japanese, and Korean tokenization delivering greater accuracy and richer insights across global markets.
Entity Extraction: including identifying relationships between people, places, and organizations, and entity mapping to rapidly identify and filter open-source searches across the world’s largest enriched document store.
Expanded Artificial Intelligence and Machine Learning Modeling: including topic classification and intent detection, as well as risk and fraud scoring, entity attribution, and pattern detection for highly extensible capabilities across a wide range of use cases, including language analytics.
About Babel Street
Babel Street provides the most advanced data analytics and intelligence platform for the world’s most trusted government and commercial organizations. The AI-enabled platform helps them stay informed and improves around-the-clock decision-making for threat intelligence, identity and risk management, and alerting use cases. Teams are empowered to rapidly detect and collaborate on what matters in seconds by transforming massive amounts of global, multilingual data into actionable insights so they can act with confidence. Babel Street is headquartered in the Washington, D.C. area, with offices in London, Canberra, and Ottawa. For more information, visit babelstreet.com.
About BasisTech and Rosette®
Data analytics and machine learning are critical to verifying identity, understanding customers, anticipating world events, and uncovering crime. BasisTech provides businesses and governments with advanced analytics and AI-powered solutions for deriving insights from multilingual text, connecting data silos, and discovering digital evidence. The Rosette text analytics platform employs machine learning and deep neural nets to extract meaningful information from unstructured data. Autopsy, a digital forensics platform, and Cyber Triage, an incident response tool, serve the needs of law enforcement, national security, and legal technologists. KonaSearch delivers deep search across Salesforce and other data sources.
BIG DATA MANAGEMENT, DATA ARCHITECTURE
Snowplow | January 16, 2023
Snowplow, the leading behavioral data platform, has recently announced the acquisition of Poplin Data, Snowplow's exclusive integration and enablement partner in New Zealand and Australia.
For the past six years, the customers within the Snowplow ecosystem have benefited from the purchase of the data-specialist consulting firm, which assists organizations in gaining a competitive advantage by implementing advanced data-led strategies.
Poplin Data, Snowplow's first global partner, has been the Snowplow ecosystem's largest external developer. Since its launch in 2016, the company has excelled in the execution of data transformation projects and delivering modern data infrastructure platforms to business and SMB clients.
Poplin Data has substantial Snowplow domain experience and a specific focus on media and retail marketing solutions, including algorithmic attribution, a modern marketing attribution technique that they bring to Snowplow's data-modeling capabilities.
Snowplow President, Chief Product and Marketing Officer Nick King stated, "Acquiring Poplin Data will enable an accelerated delivery of Snowplow Data Product Accelerators (DPAs), enabling our customers and open source users to build and deploy behavioral data-powered products and applications faster."
(Source – Business Wire)
The company’s Sydney location continues its global expansion, following the establishment of its HQ2 in Boston (Massachusetts) last year and the hiring of a team in Berlin (Germany) to support its growing customer base in the DACH region.
"With a number of local partnerships and key clients, including the Australian Broadcasting Corporation (ABC), Finder, and Wesfarmers Group, we look forward to bringing our world-class engineering and consulting capabilities to support Snowplow's rapid global growth," said Mike Robins, CTO and Co-Founder of Poplin Data.
(Source – Business Wire)
Snowplow is a leading behavioral data platform designed to help data teams handle contemporary complex data challenges. It gives any organization, anywhere in the world, the power to create the richest data assets possible and use them for advanced power analytics and AI use cases. Snowplow allows companies to create more valuable data, use its AI- and BI-ready data for advanced power analytics and AI data applications, and ensure data compliance. As a leader in data creation, it enables its clients to create, consume, and govern an end-to-end data language across their businesses with a common data schema that can be modeled for BI and AI, streamed for real-time applications, and enriched with third-party data and systems.
BIG DATA MANAGEMENT,BUSINESS STRATEGY,DATA SCIENCE
Acceldata | January 02, 2023
Acceldata, the global leader in data observability, has recently announced introducing a new open-source version of its data platform, empowering enterprise data teams to innovate with cost-effective solutions for data observability. Several significant organizations from the fintech, telco, and data provider industries have already contributed to, validated, and utilized this platform. The open-source data platform provides reliable and community-validated versions of data observability libraries, as well as support for public, private, and hybrid settings, to address the evolving needs of the modern organization.
Historically, enterprise data teams had limited alternatives for migrating to an open-source, community-based data platform. Acceldata's new open-source initiative consists of a data platform and six projects that are available to download for free under the Apache License Version 2.0. The data platform periodically synchronizes with open-source branches to verify conformance with the current code and new development. This enables the addition of new components as innovation in the community and industry evolves.
The platform for open-source data offers the following community advantages:
Deployment automation enables observability, manageability, and package management
Flexibility in adopting technologies that provide on-demand services and elasticity in any environment
Enable tenants to use and enhance services without affecting other tenants
A platform that guarantees maintainability, consistency, and stability of components over change cycles
Acceldata, situated in Campbell, California, was founded in 2018 and has created the world's first enterprise data observability cloud to assist organizations in developing and operating exceptional data products. Acceldata's solutions have been used by customers all over the world, including Oracle, PhonePe (Walmart), PubMatic, DBS, and many more. Insight Partners, Lightspeed Venture Partners, March Capital, Sorenson Ventures, and Emergent Ventures are among the Acceldata investors.