Anodot Press Page 16

September 22, 2016

Israeli anomaly detection co Anodot raises $8m

September 22, 2016

Anodot Raises $8 Million Funding To Prevent Billions Of Dollars In Losses With Real Time Business Incident Detection

Anodot Brings Real-Time Anomaly Detection and Machine Learning to Data-Driven Companies Enabling the Rapid Detection of Potential Crises and Opportunities (Sunnyvale, CA and Ra’anana, Israel, September 22, 2016) – Anodot, the real time business incident detection and analytics company, today announced $8 million in funding led by Aleph Venture Capital with participation by Disruptive Technologies L.P., bringing Anodot’s total funding to $12.5 million. The funds will be used to expand the company’s global sales and operations and meet demand for its service. In the nine months following Anodot’s launch, dozens of customers, including several Fortune 500 companies, have already implemented the product to prevent crises and drive revenues. Anodot was co-founded by David Drai, the former CTO of GetTaxi and co-founder of Contendo (acquired by Akamai), Shay Lang, former VP Engineering at Trustwave, and Dr. Ira Cohen, former Chief Data Scientist at HP. Anodot brings machine learning and real-time streaming data together to identify, report, and visualize business incidents as they occur, enabling its customers – often Business Intelligence analysts serving all aspects of a company’s operations – to quickly and effectively manage crises and uncover business opportunities. Instead of the usual days or weeks it currently takes companies to detect and understand data anomalies, Anodot’s SaaS solution is capable of identifying and notifying customers about issues in mere minutes. With Anodot, BI analysts and others can be warned of breakdowns or opportunities before they learn about them the hard way, from customer complaints or lost revenue. For example, an ad tech client uses Anodot to maintain bid health among its trillions of bid requests, ensuring nothing gets dropped along the way, improving customer satisfaction. A fintech customer uses Anodot to track -- among other things -- page performance for its hourly service roll-outs, and is able to reduce the time to identify business incidents from days to minutes. Anodot customers have access to real-time analytics that use machine learning to correlate incidents to best understand the root cause. “Today’s digital businesses operate in dynamic environments, but Business Intelligence analysts are hampered by their existing static tools, so they are the last to know when something happens that can impact their business. As a former CTO, I’ve seen how the inability to identify business incidents and delayed reactions can turn manageable issues into major crises, from the extended time it takes to recognize an issue to the even longer period necessary to understand the cause,” said David Drai, CEO and co-founder of Anodot. “Our patented algorithms automatically learn the normal behavior of any time series data - MixPanel, Google Analytics, Graphite, and so on - and then rapidly identify anomalies which typically indicate business incidents. Seasonality is a huge challenge for the industry, and the subtle changes that wouldn’t trigger static thresholds are caught by Anodot.” “The promise of Big Data and Business Intelligence is vast, but so few companies have unlocked its potential. Anodot is channeling the most advanced machine learning algorithms to make Business Intelligence real-time and its potential impact is enormous,” said Eden Shochat, Founder & Partner at Aleph. “Aleph is focused on finding companies who rethink stagnant industries that are ripe for change, and we’re thrilled to be joining Anodot on their journey.” “From the beginning, we believed in Anodot’s vision of revolutionizing the BI market, and Anodot continues to move the needle for businesses looking for the best analytic capabilities,” said Tal Barnoach, General Partner at Disruptive “Disruptive is committed to finding disruptive ideas, technologies and products that change existing habits and the way users interact with products, and Anodot is a great fit for this mission.” About Anodot Anodot provides valuable business insights through anomaly detection. Automatically uncovering outliers in vast amounts of time series data, Anodot's real time business incident detection uses patented machine learning algorithms to isolate and correlate issues across multiple parameters in real time, supporting rapid business decisions. Anodot customers in fintech, ad-tech, web apps, mobile apps and other data-heavy industries use Anodot to drive real business benefits like significant cost savings, increased revenue and upturn in customer satisfaction. The company was founded in 2014, is headquartered in Ra'anana, Israel, and has offices in Silicon Valley. Learn more at: www.anodot.com. About Aleph Aleph is a $150 million early stage fund, which partners with Israeli entrepreneurs looking to build companies that are scalable, global change agents. Since its founding three years ago, Aleph has quickly become one of Israel's leading venture funds and is a well-recognized brand in Silicon Valley as well. To date, Aleph has made 12 investments including Wework, Windward, Nexar, Lemonade, Colu, Freightos, and Honeybook. About Disruptive Technologies L.P. Disruptive is an early stage fund that has invested to date in 14 companies. Our mission is to partner with great entrepreneurs to build companies and drive them forward - from infancy stage into category leaders. We have pioneered the industry’s post-seed investment phenomena, investing in early stage companies from seed to Round A. Learn more at: http://www.disrupt-ive.com/. Contact: Marissa Shapiro [email protected] 914-336-4051
August 17, 2016

A Real-Time Analytics Tool Keeps Business Running

July 10, 2016

Anodot Big Data Business Incident Detection

June 16, 2016

Gartner Names Anodot a “Cool Vendor”

June 16, 2016

Credit Karma Selects Anodot to Detect Anomalies in Real Time

June 9, 2016

Amir Kupervas, Head of IoT Strategy at Anodot talks Predictive Maintenance, Industry 4.0 and IIoT

May 25, 2016

Anodot Named a 2016 ‘Cool Vendor’ in Analytics by Gartner

Real-time Business Incident Detection Provides Value to Online Businesses, IOT, Ad Tech SUNNYVALE, Calif. and RA’ANANA, Israel, May 25, 2016 – Anodot, the real time analytics and automated business incident detection company, has been named a “Cool Vendor” in Analytics in the 2016 Gartner report. Each year, Gartner, the world’s leading information technology research and advisory company, identifies new Cool Vendors in key technology areas and publishes a series of research reports about them. Anodot is one of five companies identified in the report as “innovative vendors that are redefining the types of analysis that it is feasible for organizations to perform.  They are doing so by providing high levels of automation or extending analytics' reach to new classes of user and new types of decision.” Anodot’s automated business incident and anomaly detection platform enables business analysts to uncover outliers in vast amounts of streaming data without manually setting thresholds or prioritizing which metrics to track. Identifying anomalies quickly can provide early notice of market shifts, niche use cases, or leaky revenue pipelines. The SaaS solution is based on patented machine-learning algorithms that isolate issues and correlate them in real time to alert users to a need for action. “We feel it is a great honor to be recognized as a Cool Vendor by Gartner together with Cognitive Technology, OnlyBoth, ThoughtSpot and Veriluma,” said David Drai, CEO and co-founder of Anodot. “Business and IT users are overwhelmed with traditional business intelligence dashboards and millions of data metrics, and it can take them days to learn that they are bleeding potential revenue. Today, companies like Wix, Credit Karma and dozens of others are using Anodot to pinpoint performance issues and business opportunities, gaining the real time insights they need to save revenue, keep their business running smoothly, and keep their customers happy.” For example, as discussed in this case study, before using Anodot, Wix’s data analysts spent a great deal of time scrutinizing reports and graphs manually to try to detect issues in vast amounts of data, but important issues were sometimes identified hours to days after they had occurred. To read the full report “Cool Vendors in Analytics, 2016,” authored by Gareth Herschel, Whit Andrews, Rita L. Sallam, Lisa Kart, Marc Kerremans and Cindi Howson, 19 May 2016, click here (requires Gartner subscription). Drai continued, “In the age of Big Data, machine learning is a must have, and with our patented algorithms, Anodot is disrupting traditional BI.” Gartner Cool Vendor Disclaimer Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Anodot Based in Sunnyvale, Calif. and Ra’anana, Israel, Anodot is disrupting the static nature of the Business Intelligence (BI) market with a unique technology for real-time analytics and automated anomaly detection for big data. Using patented machine learning algorithms, Anodot automates the discovery of outliers in vast amounts of data, isolates issues and correlates them across multiple parameters. Operating in real time, Anodot delivers business insights immediately, predicts events before they happen and supports rapid business decisions that help maximize revenues and production for Web-based, e-commerce, ad tech, IoT and manufacturing businesses. For more information or for a free trial, visit anodot.com. Anodot Contact: Amy Kenigsberg K2 Global Communications [email protected] (913) 440-4072 (+7 ET)  
May 17, 2016

Credit Karma Selects Anodot for its Business Incident Detection Solution

SUNNYVALE, Calif. & RA’ANANA, Israel – May 17, 2016 – Anodot, the real time analytics and automated business incident detection company today announced that Credit Karma has selected Anodot as its platform of choice for detecting business incidents in real time. With its online provision of free credit scores and financial recommendations to 50 million members, Credit Karma needs to monitor hundreds of thousands of business and technical metrics in order to keep its business running smoothly. “It used to take us up to several days to identify an issue on a specific page, offer, or service that was draining our revenues,” said Pedro Silva, Credit Karma’s Senior Product Manager. “Anodot identifies when a metric increases or decreases in real time, so we can resolve it quickly, before business suffers or revenue is lost.” “We see many companies that encounter a similar problem to Credit Karma; they collect massive amounts of data but do not have a way to access the insights that are meaningful for the business in real time,” said Uri Maoz, Anodot’s head of US Business. “Today’s business intelligence solutions are too static to keep pace with the dynamic nature of online and mobile business; Anodot’s real-time machine-learning driven solution is becoming a must-have for web-based businesses.” Credit Karma tested multiple monitoring solutions and even considered developing a solution in-house to meet its needs, however found that Anodot’s solution was the best fit for its needs. “Working with Anodot was easy and professional,” said Silva. “The other solutions on the market require manual setting of thresholds for business incident detection, which is not scalable for a company like us, with the large number and complexity of metrics we need to track. Anodot sets itself apart with automatic anomaly detection, rather than manually setting thresholds.” Silva further pointed out that Anodot is especially useful for finding slow revenue leaks that might otherwise be hidden in the larger picture. “If the entire service were down, we would know pretty quickly, of course,” Silva explained, “but for errors impacting only a specific page, offer, browser, platform, or feature – all of which affect revenue and customer satisfaction – we would not know for at least a day or two using other analytics tools, and Anodot finds them right away.” To learn more about how Credit Karma uses Anodot to identify relevant and actionable incidents each day, view the full case study at https://www.anodot.com/case-studies/credit-karma-adopts-anodot-real-time-business-incident-detection/. About Credit Karma Credit Karma’s goal is to save Americans time and money. Through analysis of more than 50 million members’ finances, Credit Karma researches and recommends credit cards, loans and insurance based on each individual’s specific credit profile, drastically simplifying some of the most confusing and tedious yet important tasks in personal finance. The company started by providing free credit scores to recreate the financial industry around people instead of banks. It continues to expand its completely free offerings including its Credit Score Simulator, credit monitoring and friendly, personalized information to help each person understand and make the most of their individual situation. To create a free account, visit www.CreditKarma.com or download the mobile app from the Google Play™ or Apple® App Store℠. About Anodot Based in Sunnyvale, Calif. and Ra’anana, Israel, Anodot is disrupting the static nature of the Business Intelligence (BI) market with a unique technology for real-time analytics and automated anomaly detection for big data. Using patented machine learning algorithms, Anodot automates the discovery of outliers in vast amounts of data, isolates issues and correlates them across multiple parameters. Operating in real time, Anodot delivers business insights immediately, predicts events before they happen and supports rapid business decisions that help maximize revenues and production for Web-based, e-commerce, ad tech, IoT and manufacturing businesses. For more information or for a free trial, visit anodot.com.   Credit Karma Contact: Frances Cohen [email protected] (415) 568-8429 Anodot Contact: Amy Kenigsberg K2 Global Communications [email protected] (913) 440-4072 (+7 ET)