Company:Anodot

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Short description: US Business analytics company
Anodot Ltd.
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

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

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

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

  1. ↑ 1.0 1.1 Woods, Dan. "Has Anodot Defined the Principles of General-Purpose AI?". https://www.forbes.com/sites/danwoods/2017/07/13/has-anodot-defined-the-principles-of-general-purpose-ai/. 
  2. ↑ Walsh, Sue (January 17, 2019). "Deloitte Picks Anodot for Real-Time Autonomous Analytics". https://www.rtinsights.com/deloitte-picks-anodot-for-real-time-autonomous-analytics/. 
  3. ↑ Barker, Colin. "Finding the anomalies in big data with machine learning" (in en). https://www.zdnet.com/article/finding-the-anomalies-in-big-data-with-machine-learning/. 
  4. ↑ "Inside Anodot's Anomaly Detection System for Time-Series Data". April 19, 2017. https://www.datanami.com/2017/04/19/inside-anodots-anomaly-detection-system-time-series-data/. 
  5. ↑ רבט, הגר (December 19, 2017). "חברת הבינה העסקית Anodot גייסה 23 מיליון דולר". https://www.calcalist.co.il/internet/articles/0,7340,L-3727694,00.html. 
  6. ↑ Musthaler, Linda (2016-02-04). "Anodot uses real-time analytics and anomaly detection to provide business insight" (in en). https://www.networkworld.com/article/3029729/anodot-uses-real-time-analytics-and-anomaly-detection-to-provide-business-insight.html. 
  7. ↑ "החברה החדשה של האיש שעשה אקזיט של 300 מיליון דולר". TheMarker. https://www.themarker.com/advertising/1.2795319. 
  8. ↑ "Israeli anomaly detection co Anodot raises $8m" (in he). Globes. 2016-09-22. https://en.globes.co.il/en/article-israeli-anomaly-detection-co-anodot-raises-8m-1001153898. 
  9. ↑ FinSMEs (2016-09-22). "Anodot Raises $8M in Funding" (in en-US). https://www.finsmes.com/2016/09/anodot-raises-8m-in-funding.html. 
  10. ↑ "Anodot grabs $35M Series C to help monitor business operations" (in en-US). 16 April 2020. https://social.techcrunch.com/2020/04/16/anodot-grabs-35m-series-c-to-help-monitor-business-operations/. 
  11. ↑ MSV, Janakiram. "Meet The Startups That Bring Artificial Intelligence To Log Management And Analysis" (in en). https://www.forbes.com/sites/janakirammsv/2017/07/04/meet-the-startups-that-bring-artificial-intelligence-to-log-management-and-analysis/. 
  12. ↑ Anodot. "Anodot Expands Globally, Adds New CMO and VP Products" (in en). https://www.prnewswire.com/news-releases/anodot-expands-globally-adds-new-cmo-and-vp-products-300609774.html. 
  13. ↑ "Deloitte Leverages Anodot for Real-Time Autonomous Analytics". Aithority. 6 December 2018. https://aithority.com/machine-learning/deloitte-leverages-anodot-for-real-time-autonomous-analytics/. Retrieved 30 July 2020. 
  14. ↑ "Anodot Expands Relationship With Amazon Web Services Enabling Customers to Monitor Business Metrics in Real Time" (in en-US). 2020-02-11. https://martechseries.com/predictive-ai/ai-platforms-machine-learning/anodot-expands-relationship-amazon-web-services-enabling-customers-monitor-business-metrics-real-time/. 
  15. ↑ "MegaFon Chooses Anodot's Autonomous Analytics to Predict Potential". June 20, 2019. https://www.aithority.com/news/megafon-chooses-anodots-autonomous-analytics-to-predict-potential-failures-in-the-provision-of-services-to-company-subscribers-ensuring-customer-excellence/. 
  16. ↑ Musthaler, Linda (February 4, 2016). "Anodot uses real-time analytics and anomaly detection to provide business insight". https://www.networkworld.com/article/3029729/anodot-uses-real-time-analytics-and-anomaly-detection-to-provide-business-insight.html. 
  17. ↑ "Intel Capital Leads $35M Investment In Business Analytics Firm Anodot" (in en-US). 2020-04-16. https://nocamels.com/2020/04/intel-capital-35m-investment-anodot/. 
  18. ↑ "Anodot Partners with Snowflake to Enable Real-Time Detection and Improve Customer Experience". https://www.martechadvisor.com/news/marketing-analytics/anodotpartners-with-snowflake-to-enable-real-time-detection-and-improve-customer-experience/. 
  19. ↑ "Anodot Gains Patents for Anomaly Detection". October 12, 2018. https://www.datanami.com/2018/10/12/anodot-gains-patents-for-anomaly-detection/. 
  20. ↑ FinSMEs (2020-04-16). "Anodot Secures $35M in Series C Funding" (in en-US). http://www.finsmes.com/2020/04/anodot-secures-35m-in-series-c-funding.html. 
  21. ↑ "Business monitoring startup Anodot raises $35M to expand into new verticals" (in en-US). 2020-04-16. https://siliconangle.com/2020/04/16/business-monitoring-startup-anodot-raises-35m-expand-new-verticals/. 
  22. ↑ Whiting, Rick (2020-04-20). "Big Data Analytics Startup Anodot Raises $35 Million In Financing". https://www.crn.com/news/applications-os/big-data-analytics-startup-anodot-raises-35-million-in-financing. 



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