Latest news with #realTimeData
CNA
28-05-2025
- Business
- CNA
Databricks competitor Chalk raises $50 million series A
SAN FRANCISCO :Artificial intelligence infrastructure startup Chalk said Wednesday it had raised a $50 million Series A funding round, valuing the company at $500 million. Felicis led the round. San Francisco-based Chalk helps enterprises get their proprietary data into AI and machine learning models quickly, enabling companies to use AI to make up-to-date decisions. The company says fintech firms like MoneyLion use Chalk to enable instant decision-making for fraud detection and loan approvals, while solar company Sunrun uses Chalk to figure out where to put solar panels on a roof. "The old school model would be for a company to process data in a batch process, but increasingly, companies want to make decisions in real-time," said Chalk CEO Marc Freed-Finnegan. The company is co-founded by Elliot Marx and Andy Moreland. Freed-Finnegan said Chalk competes with Databricks and Snowflake, data analytics platforms that help enterprises build and govern data and AI applications, but Chalk differentiates itself by enabling real-time data processing for AI. Such companies have benefited from the AI boom by selling more tools that help clients build and deploy AI applications using the growing volume of data they already store with the company. Late last year, Databricks secured a record-breaking $10 billion in funding, one of the largest VC funding rounds in history.
Reuters
28-05-2025
- Business
- Reuters
Databricks competitor Chalk raises $50 million series A
SAN FRANCISCO, May 28 (Reuters) - Artificial intelligence infrastructure startup Chalk said Wednesday it had raised a $50 million Series A funding round, valuing the company at $500 million. Felicis led the round. San Francisco-based Chalk helps enterprises get their proprietary data into AI and machine learning models quickly, enabling companies to use AI to make up-to-date decisions. The company says fintech firms like MoneyLion use Chalk to enable instant decision-making for fraud detection and loan approvals, while solar company Sunrun (RUN.O), opens new tab uses Chalk to figure out where to put solar panels on a roof. "The old school model would be for a company to process data in a batch process, but increasingly, companies want to make decisions in real-time," said Chalk CEO Marc Freed-Finnegan. The company is co-founded by Elliot Marx and Andy Moreland. Freed-Finnegan said Chalk competes with Databricks and Snowflake (SNOW.N), opens new tab, data analytics platforms that help enterprises build and govern data and AI applications, but Chalk differentiates itself by enabling real-time data processing for AI. Such companies have benefited from the AI boom by selling more tools that help clients build and deploy AI applications using the growing volume of data they already store with the company. Late last year, Databricks secured a record-breaking $10 billion in funding, one of the largest VC funding rounds in history.
Zawya
15-05-2025
- Business
- Zawya
MCi expands global reach into the Middle East
HOUSTON --(BUSINESS WIRE/AETOSWire)-- Management Controls, Inc. (MCi), the leader in contractor data and cost management, has officially expanded its global presence with the launch of its Track Platform in Qatar. This milestone marks the 55th international site to implement MCi's solutions for real-time contractor visibility, compliance, and cost control—and the first in the Middle East. The implementation took place at one of the largest gas-to-liquids (GTL) facilities, a complex industrial operation run by a global energy leader, reinforcing Track's ability to scale across the most demanding environments. Expansion into Qatar reflects MCi's continued international growth and worldwide demand for enterprise-grade solutions that bring transparency and control to complex contractor operations. With the Track Platform now live, site leadership in Qatar will benefit from improved labor, equipment, and material cost control, automated contract enforcement, real-time data visibility, and seamless integration with existing ERP systems. 'This deployment reinforces our commitment to serving industrial leaders across the globe,' said Ken Naughton, President of MCi. 'We're enabling our customers to reduce risk, eliminate waste, and ensure accountability—no matter where they operate. By anchoring our platform with such a key site in the Middle East, we have gained a crucial foothold in a region where we expect to expand considerably over the coming years.' MCi's presence spans major industrial operations in North America, Europe, Asia-Pacific, and Africa, with a growing footprint in the Middle East. About MCi Management Controls, Inc. (MCi) empowers companies to maximize visibility, control, and productivity across their contractor workforce and spend. MCi's myTrack platform delivers automated contract compliance and a unified, real-time view of labor, equipment, and materials costs—enabling smarter, safer execution of maintenance, turnarounds, capital projects, and daily operations. With the addition of MCi's Insights-as-a-Service and managed services, organizations can tap into more than 35 years of expertise to drive even greater value from myTrack and unlock new opportunities to boost site performance and efficiency.
Yahoo
08-05-2025
- Business
- Yahoo
Ravio raises $12m Series A to modernise compensation data for global workforces
Most companies decide salaries using data from 12-18 months ago. Real-time data is changing this. LONDON, May 08, 2025--(BUSINESS WIRE)--Ravio has raised a $12m Series A funding round led by Spark Capital (US) with participation from Blackbird (Australia) and Cherry Ventures (Europe) to modernise how companies manage compensation with real-time market data and decision making tools. Ravio counts leading consumer brands like Just Eat Takeaway and Octopus Energy among its customers, alongside fintech leaders such as Wise, Adyen, and Mollie. Popular tech names like Zoopla and Skyscanner have also chosen Ravio to set their compensation strategies. The compensation data gap Despite representing 70% of operating costs, most companies make these important decisions using patchy data that's 12-18 months old. This outdated approach creates significant issues: Talent leaves when underpaid compared to current market rates Companies overspend on some roles while struggling to attract talent in others Pay inequities develop as new hires and existing staff operate from different reference points "The idea for Ravio was born from running compensation reviews during the early days of building Deliveroo," said Vaso Parisinou, Chief People Officer at Ravio. "We were scaling rapidly, and it was painful finding data from relevant companies. I was building bands across countries, ensuring my data reflected the current market, and trying to fill in gaps for remote markets. It was impossible." Breaking through compensation complexity "Market data hasn't kept pace with today's dynamic market," said Merten Wulfert, co-founder and CEO of Ravio. "We're bringing decades-old survey methodology into the modern age by plugging directly into our customers' HR systems. This approach automates the data collection process and lets us continuously analyse market movements as they happen." Companies that have switched to Ravio's real-time compensation data platform are seeing immediate benefits. HERO Software, a German SaaS company growing from 100 to 250 employees this year, used Ravio to transform their compensation strategy. "When we built salary bands using Ravio, we could immediately see a few outliers – it was easy to spot pay equity issues," explains Anna-Lena Grimm, Director of People & Culture at HERO. The end of aged data Ravio's platform delivers relevant market data across 46+ countries and 100+ roles, helping companies make informed decisions quickly. The platform provides:
