MAD about Market Maps
Since last post we’ve seen 3 acquisitions, 7 fundraising rounds, 20 people moves & promotions, 5 roles, 2 new company launches, 4 articles, 1 podcast, and 4 newly added events.
Machine Learning, AI & Data (MAD) Landscape
The 2024 MAD landscape features 2,011 logos (+578 from 2023). The team this year, led by Matt Turck, included Aman Kabeer and Katie Mills (FirstMark), Jonathan Grana (Go Fractional) and Paolo Campos.
M&A
CData Software acquired Data Virtuality (data integration and management).
Descartes Labs acquired Geosite (geospatial intelligence).
iCapital acquired Mirador (investment data aggregation and reporting).
Fundraising
Coalesce (data transformation) raised $50M in a Series B led by Industry Ventures and Emergence Capital.
Datavolo (multimodal data pipelines) raised $21M in a round led by General Catalyst.
Modal (data training and upskilling) raised $25M in a round led by Left Lane Capital.
Proxima (predictive data intelligence) raised $12M in a Series A led by Mucker Capital.
Quadratic (data science spreadsheets) raised $5.6M in a Seed round led by GV.
Skyflow (data privacy) raised $30M in a Series B Extension led by Khosla Ventures.
Supersimple (self-service business intelligence) raised $2.2M in a Pre-Seed round led by Tera Ventures.
People Moves, Promotions, and Appointments
Powered in partnership with Live Data Technologies
Mosisa Abagaro joined Antenna as VP, Client Services.
Vinod Akunuri joined Code Willing as Principal, Backtest, Optimization, and Research.
John Anagnost joined Treasure Data as Global Director, Account Management.
Robert Cassey was promoted to VP of Engineering at Techspert.
Rachel Hausmann joined Dataplor as Director of Strategic Partnerships.
Dirk Herdes joined Crisp as GM & SVP of Sales.
Noémie Heuland joined Moody’s as CFO.
Charles Hollis joined Aperio Intelligence as Head of Strategic Intelligence.
Alex Jaimes was promoted to Chief AI Officer at Dataminr.
Mohammad Javad Feizollahi joined J.P. Morgan Chase as VP, Applied AI/ML Lead.
David Kanto joined Alkymi as Strategic Accounts Director.
Pooja Khosla was promoted to Interim CEO at Intelligent.
Will Lau joined Concertiv as VP, Head of the Technology Practice.
Mike Lawn joined Energy Aspects as Head of Power Research.
Tom Luker joined Triple Private Equity as Investment Director.
Bill Quadrini joined CubeLogic as Managing Director of Strategy & Innovation.
Devin Redmond joined Mercury Fund as an Investor.
Alexandra Rodrigues was promoted to Director, ESG Advisory at Nasdaq.
Eu-Gene Sung joined GLG as CFO.
James Taylor was promoted to Head of Sales at Techspert.
Who’s Hiring
Caden is hiring a Lead Data Scientist ($190K - $220K).
Concertiv is hiring a Senior Associate / Manager, Exchange Data Strategy ($100K-$120K).
IQVIA is hiring a Patient Data Strategy Director ($146K-$249K).
J.P. Morgan is hiring a Data Strategy & Business Operations Associate.
NASCAR is hiring a Analyst, Customer Journey, Data Strategy.
*salaries only listed where provided by the company. See links for specific salary details.
New Companies
Vigama Capital is a newly launched fundamental long-short equity hedge fund based in Geneva. The firm is led by Vincent Ijaouane (CIO), former Lead Manager of Agora at Pictet Asset Management, and Fabrice Peresse (COO), former Executive Director, Operations at Capital Fund Management.
Voice Of The Purple is a new voter data company with a database of 300M+ consumer profiles and 150M+ voter records. The company helps campaigns refine messaging for effective outreach to swing voters. The company was founded by Ryan Wagner, former SVP at Datasys and PE/VC Practice Lead at NielsenIQ.
What I’m Reading
Putting Data in a Corner: LLMs and Financial Services Data by Joe Schmidt at Andreessen Horowitz.
For Data-Guzzling AI Companies, the Internet Is Too Small by Deepa Seetharaman in The Wall Street Journal.
AI Platforms Streamline Due Diligence, Other Corporate Investment Research by Scott Vaughan in Acceleration Economy.
Venture Firms Are Using AI to Identify and Close Deals by Marc Vartabedian in The Wall Street Journal.
What I’m Listening To
The evolution and Future of Data-Driven Intelligence featuring Kirk McKeown of Carbon Arc in discussion with Michael Watson of Hedgineer.
Upcoming Events
*new events added since last newsletter
New York FinTech Week, April 8-12, NYC
FinTech Sandbox Demo Days, April 9 and 11, Virtual
FISD Alternative Data Council: In the Weeds, Compliance and Generative AI 2.0, April 9, NYC
Low-Key Data Happy Hour, April 10, NYC
*Maximize ROI with Real Estate Experience Data, April 10, Virtual
Data Universe, April 10-11, NYC
AWS Capital Markets Financial Data Forum, April 11, NYC
VC Platform Global Summit, April 15-17, Miami
*VC & PE Happy Hour, April 16, NYC
Insight Innovation Exchange (IIEX), April 17-18, Austin
World of DaaS Summit, April 18, Washington D.C.
MIT: Forging the Future of Business with AI, April 18, Cambridge
Neudata Data Day for Investors, April 25, Hong Kong
TDWI Modern Data Leader's Summit, April 29-May 1, Chicago
Knowledge Graph Conference, May 6-10, NYC
*2024 Investment Data & Analytics Symposium, May 7-8, Chicago
Data Summit, May 8-9, Boston
Battle of the Quants, May 9, NYC
DataIQ 100 Summit, May 20-21, Miami
Asia Financial Information Conference (AsiaFIC), May 28-29, Singapore
Neudata Summer Data Summit, June 4, NYC
SuperReturn International, June 4-7, Berlin
FISD New York, June 6, NYC
Substantive Research - Unbundling Uncovered, June 13, NYC
*Knowledge & Information Management, Research & Analysis (KIMRA) - Generative AI Conference, July 3, London.
The Quirk’s Event, July 17-18, NYC
Boston Fintech Week, September 16-20, Boston
Views here are the author’s own and not of any employers or companies. The author may be compensated for pieces in this newsletter.