XponentL Data Secures Strategic Investment from Databricks Ventures to Fuel Data Transformation & Generative AI
2024年5月22日 - 11:46PM
ビジネスワイヤ(英語)
XponentL Data (XponentL), a leading data and AI consultancy, is
announcing a strategic investment from Databricks Ventures, the
venture arm of Databricks, Inc., and Inoca Capital Partners, LLC.
This investment marks a significant milestone in XponentL's journey
and underscores the shared commitment of both organizations to
drive innovation and empower clients to accelerate and unlock the
full potential of their data.
The partnership between Databricks and XponentL represents a
convergence of expertise and shared vision around generative AI,
data governance, and the future of data warehousing. With
Databricks' support, XponentL will further enhance its suite of
data solutions and support the integration of the Databricks Data
Intelligence Platform within XponentL’s client base. That includes
key products such as Unity Catalog, a unified governance layer for
data and AI, and Databricks SQL, a serverless data warehouse built
on lakehouse architecture.
"We are excited to announce Databricks Ventures' strategic
investment in XponentL," said Tom Johnstone, CEO, at XponentL.
"This partnership reaffirms our dedication to drive innovation and
deliver transformative data solutions for our clients. With
Databricks' support, we are poised to accelerate our mission of
enabling brilliant data experiences and revolutionizing the way
businesses interact with and derive value from their data."
Databricks Ventures' investment in XponentL comes at a pivotal
time when organizations are facing increasing challenges in
managing and extracting insights from their data. “The XponentL
team sees a unique opportunity to create repeatable Data Products
that ignite the possibilities of GenAI. We believe the Data
Intelligence Platform allows us to enable these products in a
modern, governed and seamless way,” said Matt Arellano, CDO at
XponentL. By combining Databricks' Data Intelligence Platform with
XponentL's data product strategy, design, and engineering services,
clients will benefit from tailored solutions that address their
specific data challenges and streamline decision-making
processes.
“As data and AI continue to drive business value for companies
globally, we see consulting partners become even more critical to
these transformations. XponentL is playing an important role here
and we congratulate them on their Databricks Ventures investment,”
said Kori O’Brien, SVP, Global Partners at Databricks.
“XponentL is bringing data intelligence to healthcare and life
sciences with their deep domain expertise building data models and
products. We believe that the leaders in every industry will be
those who leverage data and AI deeply to power their organizations
and we’re looking forward to see what the next step of XponentL’s
Databricks journey holds and how they will make vision a reality in
healthcare and life sciences,” said Michael Sanky, AVP, Global
Industry GTM Lead for Healthcare & Life Sciences at
Databricks.
The strategic investment from Databricks Ventures positions the
company for continued growth and success in the data and AI market
through industry innovation, global scale, and purpose-built
solutions built on the Data Intelligence Platform. As organizations
increasingly recognize the importance of data-driven
decision-making, the partnership between Databricks Ventures and
XponentL is poised to play a pivotal role in shaping the future of
data innovation.
About XponentL Data
(https://xponentl.ai/) XponentL Data is a leading data products
solution provider, dedicated to enabling brilliant data experiences
for its clients. With expertise in data product strategy, design,
and engineering, XponentL helps organizations derive value from
their data and bridge the gap between data producers and consumers.
By delivering a suite of customized data products, XponentL
empowers clients to reduce time-to-insight and unlock the full
potential of their data assets.
About Databricks Ventures
Databricks Ventures is the strategic investment arm of
Databricks, the Data and AI company. Databricks Ventures invests in
innovative companies that align with our view of the future for
data, analytics and AI. These companies share our vision for an
open ecosystem and our commitment to harnessing the power of data
intelligence to create the next generation of data and AI-powered
companies.
About Inoca Capital Partners
Inoca invests in fast-growing cloud and technology services
businesses. Investments ranging from minority growth equity to
control buyouts, we provide flexible investments to help owners
accelerate growth. We support executive teams with our experiences
and networks to build leading companies across the United
States.
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version on businesswire.com: https://www.businesswire.com/news/home/20240522159170/en/
For media inquiries: Quinn Cosgrave XponentL Data
press@xponentl.ai