Cloudera Acquires Verta to Enhance AI Capabilities in Data Platform
This acquisition will enable Cloudera to serve the growing AI demands of its customers more effectively.
Cloudera, a leading enterprise AI data company, has acquired Verta, an AI startup specializing in operational AI platforms. The acquisition aims to boost Cloudera's AI capabilities and provide cutting-edge AI tools to its global customer base. Verta’s team, including renowned experts like CEO Dr. Manasi Vartak and CTO Dr. Conrado Miranda, will join Cloudera’s machine learning group to advance Cloudera’s AI roadmap.
Verta, founded in 2018, Verta secured close to $16 million in funding, highlighted by a significant $10 million Series A round in 2020. The inception of the open-source project ModelDB by Vartak during her graduate research provided the groundwork for Verta's pioneering platform that manages versioning machine learning models.
"The future of data management is intertwined with AI. Cloudera's acquisition of Verta's AI Operational platform is a strategic move to bolster our team and enhance our operational AI capabilities," stated Charles Sansbury, CEO of Cloudera. "Our goal is to swiftly equip our customers with the necessary technologies for their data and AI endeavors, without any intention of decelerating. This acquisition marks the beginning of multiple strategic initiatives we anticipate undertaking further to solidify our position as leaders in data management and trusted enterprise AI."
Verta, founded on MIT research, offers a platform for managing and deploying machine learning models, including large language models (LLMs). This acquisition will enable Cloudera to serve the growing AI demands of its customers more effectively. Verta's technology simplifies creating and optimizing business-ready LLMs and enhances Cloudera's platform with a generative AI (GenAI). workbench, model catalog, and AI governance tools.
Cloudera, managing 25% of the world’s data, continues to lead in data management and AI by integrating Verta’s technology, reinforcing its position as the preferred data partner for top companies across various industries.
