IBM (NYSE: IBM) is to acquire Databand.ai, a Tel Aviv, Israel-based provider of data observability software that helps organizations fix issues with their data.
The amount of the deal was not disclosed.
The acquisition further strengthens IBM’s software portfolio across data, AI and automation to address the full spectrum of observability and helps businesses ensure that data is being put into the right hands of the right users at the right time. Employees will join IBM Data and AI, further building on IBM’s portfolio of Data and AI products, including its IBM Watson capabilities and IBM Cloud Pak for Data.
Led by Josh Benamram, Co-Founder and CEO, Databand.ai is a product-driven technology company that provides a proactive data observability platform, which empowers data engineering teams to deliver reliable data. Its data observability software helps organizations fix issues with their data, including errors, pipeline failures and poor quality — before it impacts their bottom-line. Its proactive approach ties into all stages of data pipelines, beginning with source data, through ingestion, transformation, and data access. Databand.ai serves organizations throughout the globe, including some of the world’s largest companies in entertainment, technology, and communications. Databand.ai is backed by Accel, Blumberg Capital, Lerer Hippeau, Differential Ventures, Ubiquity Ventures, Bessemer Venture Partners, Hyperwise, and F2.
Databand.ai is IBM’s fifth acquisition in 2022 as the company continues to bolster its hybrid cloud and AI skills and capabilities. IBM has acquired more than 25 companies since Arvind Krishna became CEO in April 2020.
FinSMEs
11/07/2022