DataStax, a Santa Clara, CA-based real-time AI company, acquired Kaskada, a Seattle, WA-based machine learning (ML) company.
The amount of the deal was not disclosed.
With the acquisition, Datastax will open source the core Kaskada technology initially, and it plans to offer a new machine learning cloud service later this year.
Led by CEO Davor Bonaci, Kaskada is a machine learning company that empowers practitioners to train behavioral ML models directly from event-based data and reliably serve them in production. Practitioners directly connect to event data generated by real-time applications to get more value from the data to power predictions, decisions, and experiences. Its feature engine brings iterative time-based feature engineering that automatically protects from leakage with native time-travel and data-dependent windowing and provides a robust data infrastructure for computing, storing, and serving features in production.
Led by CEO Chet Kapoor, DataStax enables enterprises to mobilize real-time data and build smart applications at unlimited scale, on any cloud. The company delivers the Astra DB cloud database built on Apache Cassandra and the Astra Streaming event streaming technology built on Apache Pulsar. Hundreds of the world’s leading enterprises, including Verizon, Audi, ESL Gaming and many more rely on DataStax to unleash the power of real-time data to win new markets and change industries.
FinSMEs
12/01/2023