Reliable, accurate, and trusted data is essential for any data application in an enterprise. As Databricks customers increasingly rely on their data for automated insights and customer experiences, data quality has become a fundamental necessity. Data quality issues are one of the biggest obstacles enterprises face in maximizing the value of data and AI. A recent study found that 91% of IT decision makers believe they need to improve data quality at their company, while 77% lack trust in their organization’s business data.
To address these critical customer needs, Databricks Ventures is excited to announce our investment in the Series B round of our longtime data quality partner, Anomalo, who has been a part of our Partner Connect integration for some time now. Anomalo’s AI-powered data quality monitoring seamlessly detects and resolves data quality issues, providing customers with a rapid time-to-value and ease of use.
Building on Our Tight Partnership
As one of our early Partner Connect integrations, Anomalo has seamlessly worked with the Databricks platform. Anomalo’s AI-powered data quality monitoring automatically detects data quality issues and their root causes before they affect BI dashboards, reports, or downstream AI models. Customers can begin using Anomalo to monitor any Databricks table in a matter of minutes, without needing extensive manual configuration. Anomalo’s tight integrations with core Databricks technologies ensure a high level of confidence in the quality of data across every layer of a customer’s stack.
Anomalo is one of our largest and fastest-growing data quality partners, with dozens of joint customers already using Anomalo on top of their Databricks Lakehouse.
The Anomalo Advantage
Our investment comes at a time of record growth for Anomalo, which ended its most recent quarter with nearly threefold year-over-year growth in ARR. The company has grown its annual recurring revenue more than 15x since its Series A fundraise in 2021, and has added new customers in 2023, including some of the largest financial services, insurance, retail, and technology firms. Our joint customers, including Casey’s, Lebara, and Block, are using Anomalo on top of the Databricks Data Intelligence Platform to ensure their data and AI can be trusted.
What’s Next
Together, Databricks and Anomalo are committed to unlocking the power of trusted data, driving innovation, and ensuring the success of enterprises worldwide. Stay tuned as we embark on this journey towards a future where trusted data and AI solutions empower businesses to thrive.