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Anodot Ltd.
Company typePrivate
Industrydata analytics
Founded2014
Headquarters
California
,
United States
Key people
David Drai
Websitewww.anodot.com

Anodot is an American data analytics company that uses machine learning and artificial intelligence for business monitoring and anomaly detection.[1][2][3]

History

[edit]

Anodot was founded in 2014 by David Drai along with Ira Cohen, former Chief Data Scientist at HP. Prior to that, Drai was the CTO at Akamai.[1][4][5] While working as CTO at GetTaxi, he realized that there is a need for real time data analytics. He started working on developing a software that can be paired for data analysis and visualization.[6][7] Drai sought financing to start Anodot and received the seed round of funding of $1.5 million in 2014 from Disruptive Technologies Venture Capital. In the next three years, the company raised three rounds of funding for expansion, bringing the company's total venture capital backing to $27.5 million.[8][9][10]

Anodot is one of the data analytics companies that competes with established firms to provide data analysis and visualization in a real time. The company claims that it started analyzing well over 5.2 billion data points per day within six months of its launch.[11]

In 2018, Anodot announced Andy Fenselau as Chief Marketing Officer and Amit Levi as the VP Head of Product.[12] Later in the year, Anodot partnered with Deloitte Australia, where Deloitte used its technology to process its client's data and gain insights.[13] In 2020, the company announced partnership with Amazon AWS to monitor business metrics.[14]

The company possesses two U.S. patents for algorithms of machine learning-based anomaly detection.[15][16] Anodot has offices in Israel, UK and Australia and has majority of its client base in digital business and telecom industry.[17]

Technology

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Anodot launched a data analytics platform that analyzes real time structured metrics data and unstructured log data and it independently detects and correlates anomalies and forecasts business in real time.[18] According to the company, the algorithms are designed specifically to quickly identify the source of anomalies in large data sets, and perform root-cause analysis.[19]

Funding

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The company raised $62.5 million in funding by April 2020 with most recent funding Series C round of $35 million led by Intel Capital[20] and included SoftBank Ventures Asia, Samsung NEXT, Aleph and Redline Capital Management.[21][22]

References

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  1. ^ a b Woods, Dan. "Has Anodot Defined the Principles of General-Purpose AI?". Forbes.
  2. ^ Walsh, Sue (January 17, 2019). "Deloitte Picks Anodot for Real-Time Autonomous Analytics".
  3. ^ Barker, Colin. "Finding the anomalies in big data with machine learning". ZDNet. Retrieved 2020-07-30.
  4. ^ "Inside Anodot's Anomaly Detection System for Time-Series Data". Datanami. April 19, 2017.
  5. ^ רבט, הגר (December 19, 2017). "חברת הבינה העסקית Anodot גייסה 23 מיליון דולר". כלכליסט - www.calcalist.co.il.
  6. ^ Musthaler, Linda (2016-02-04). "Anodot uses real-time analytics and anomaly detection to provide business insight". Network World. Retrieved 2020-07-30.
  7. ^ "החברה החדשה של האיש שעשה אקזיט של 300 מיליון דולר". TheMarker. Retrieved 2020-07-30.
  8. ^ "Israeli anomaly detection co Anodot raises $8m". Globes (in Hebrew). 2016-09-22. Retrieved 2020-07-30.
  9. ^ FinSMEs (2016-09-22). "Anodot Raises $8M in Funding". FinSMEs. Retrieved 2020-07-30.
  10. ^ "Anodot grabs $35M Series C to help monitor business operations". TechCrunch. 16 April 2020. Retrieved 2020-07-30.
  11. ^ MSV, Janakiram. "Meet The Startups That Bring Artificial Intelligence To Log Management And Analysis". Forbes. Retrieved 2020-07-30.
  12. ^ Anodot. "Anodot Expands Globally, Adds New CMO and VP Products". www.prnewswire.com. Retrieved 2020-07-30.
  13. ^ "Deloitte Leverages Anodot for Real-Time Autonomous Analytics". Aithority. 6 December 2018. Retrieved 30 July 2020.
  14. ^ "Anodot Expands Relationship With Amazon Web Services Enabling Customers to Monitor Business Metrics in Real Time". MarTech Series. 2020-02-11. Retrieved 2020-07-30.
  15. ^ "MegaFon Chooses Anodot's Autonomous Analytics to Predict Potential". June 20, 2019.
  16. ^ Musthaler, Linda (February 4, 2016). "Anodot uses real-time analytics and anomaly detection to provide business insight". Network World.
  17. ^ "Intel Capital Leads $35M Investment In Business Analytics Firm Anodot". NoCamels. 2020-04-16. Retrieved 2020-07-30.
  18. ^ "Anodot Partners with Snowflake to Enable Real-Time Detection and Improve Customer Experience". www.martechadvisor.com.
  19. ^ "Anodot Gains Patents for Anomaly Detection". Datanami. October 12, 2018.
  20. ^ FinSMEs (2020-04-16). "Anodot Secures $35M in Series C Funding". FinSMEs. Retrieved 2020-07-30.
  21. ^ "Business monitoring startup Anodot raises $35M to expand into new verticals". SiliconANGLE. 2020-04-16. Retrieved 2020-07-29.
  22. ^ Whiting, Rick (2020-04-20). "Big Data Analytics Startup Anodot Raises $35 Million In Financing". CRN. Retrieved 2020-07-29.


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