Anomalo
Overview
Anomalo is a data quality software platform that uses artificial intelligence (AI) to automatically detect and explain issues in enterprise data without requiring manual rules or coding. The company was founded in 2018 and has raised approximately $72 million over multiple funding rounds. Anomalo is based in Palo Alto, California, and was co-founded by Elliot Shmukler and Jeremy Stanley, both of whom previously worked on data quality at Instacart.
Recent Developments
- October 2024: At the dbt Coalesce 2024 conference, Anomalo highlighted its role in enhancing data quality across enterprises and announced further enhancements to its platform.
- September 2024: Anomalo launched a fully-containerized native data quality application for Snowflake Marketplace, marking its debut as a Snowflake Premier Partner. This app allows enterprises to monitor data quality without data leaving their environment.
- January 2024: Anomalo secured $33 million in a Series B funding round led by SignalFire with participation from Databricks Ventures and other previous investors. The funding will support platform enhancement and scaling of engineering and sales teams.
- June 2024: Anomalo added AI-powered monitoring for unstructured text data to its platform, thus supporting Generative AI applications by ensuring data integrity. This feature is currently in private beta.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2018 |
| Headquarters | Palo Alto, California, USA |
| Founders | Elliot Shmukler, Jeremy Stanley |
| Revenue | Estimated $7.8 million annually |
| Key Investors | SignalFire, Databricks Ventures, Norwest Venture Partners, Two Sigma Ventures |
| Industry | Software Development (Data Quality) |
| Number of Employees | Approximately 71 |
Early History
Anomalo was founded to solve the challenges Shmukler and Stanley faced with data quality at Instacart. The company sought to move beyond traditional rule-based data validation by using AI to automatically detect anomalies and quality issues in large volumes of data. Initial funding of $5.95 million was secured to develop its data quality platform that integrates easily with data warehousing systems like Snowflake and Google's BigQuery.
Company Profile and Achievements
Anomalo's platform stands out due to its AI-driven approach to data quality. It utilizes unsupervised machine learning algorithms to monitor data, detect issues, and perform root cause analysis. Notably, the platform provides flexible deployment options with secure in-VPC setups for enterprises concerned about data privacy.
- Milestones:
- In 2021, the company achieved over $1 million in annualized revenue.
- By Q3 2023, it reached 177% year-over-year ARR growth.
- Notable customers include Discover Financial Services, BuzzFeed, and Substack.
- Partnerships: Strategic collaborations with Databricks, Snowflake, and Google Cloud ensure robust integration and comprehensive data quality monitoring within enterprises.
- Recognition: Named one of 2023's most promising AI startups by CB Insights.
Current Operations and Market Position
Anomalo currently serves major enterprises by providing scalable and automated data quality monitoring solutions. It is viewed as a leader in the AI-powered data observability space and is known for its effectiveness in improving data quality and supporting accurate data-driven decision-making processes across industries.
- Market Share: With continued growth and adoption, Anomalo's customer base includes several Fortune 500 companies.
- Competitive Advantage: The company's AI-first approach enables it to offer deeper and automated insights into data quality than traditional competitors like Informatica.
Conclusion
Anomalo has made significant strides in the data quality sector by leveraging AI technology to address complex data challenges across enterprises. Looking forward, with robust funding and strategic partnerships, the company aims to further enhance its platform capabilities and expand its market presence. As enterprises increasingly rely on high-quality data to drive business outcomes and AI implementations, Anomalo is well-positioned to continue its growth trajectory and influence in the industry.