Tag: Unstructured data

Hammerspace secures $56 million funding to revolutionize handling of unstructured data. Unique solution for managing vast volumes across platforms.

Extract valuable insights from documents with Snowflake's new Document AI, powered by AI technology and ML functions. Optimize data usage with cost-saving tools.

Google's generative AI support in Vertex AI is now available for developers, providing access to models like PaLM 2, Imagen, and Codey. With features such as generating and classifying text and building multi-turn chat experiences, as well as a text embedding API for semantic search and recommendation engines, the capabilities were previously only available to trusted testers. Google aims to offer modern low-code and no-code solutions for enterprises and developers, making AI more accessible.

Instabase, a San Francisco-based platform using AI to extract insights from unstructured data, has secured $45m in Series C funding, doubling its valuation to $2bn. Enterprises use the platform to process documents, automate processes and deploy apps. It is used by four of the top five banks in the US. The funding will be used to increase investment in generative AI. It competes with Google, AWS and Azure.

Snowflake has launched its government and education data cloud, designed to provide a complete solution for public sector agencies and educational institutions. The managed package enables teams to seamlessly consolidate and analyze disparate data assets, while creating downstream applications tailored to verticals with predictive capabilities and historic trend analysis reports. With prebuilt solutions and industry-specific datasets, the dedicated data cloud streamlines collaboration and data exchange. Notable customers include the US State of Montana and the City of Tacoma.