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About Monte Carlo
Earlier this month, Monte Carlo announced it closed its Series B round of funding, which was led by GGV Capital and Redpoint Ventures, with participation from Accel Partners. The company raised $40 million in this round, which will be used to expand its workforce, and build data products. The company is targeting both the enterprise and mid-market markets. Currently, it has 25 employees in its offices in Canada and South America.
The company offers a platform that can be implemented on a code-free basis, which makes it possible for companies to monitor and improve data inflows and quality. Monte Carlo uses artificial intelligence to learn the structure of data. The platform also offers a single view of data health, and can detect data dependencies. In addition, the platform can automatically identify the root cause of downtime. As companies become more data-intensive, it will become more important to identify bad data.
Reliability of data
Managing the reliability of data is a key component to ensuring that analytics and other data-driven initiatives can be a success. Data reliability helps to eliminate false data for ML models, prevents broken pipelines, and accelerates the adoption of data at scale. It also reduces the number of hours spent on data validation. It’s becoming increasingly important to organizations, as a reliable data set can improve the ROI of data-driven initiatives.
Monte Carlo’s monitoring platform provides a comprehensive view of the reliability of data. It identifies “Data Downtime”, when data is not available, and it alerts data teams to problems with their data assets. In addition, it helps data teams identify and remediate root causes of broken pipelines. It also helps to ensure the quality of data and reduces the number of false data insights. With the company’s data monitoring platform, data analysts can examine the reliability of their data assets in real time, and data engineers can identify problems before they become problems.
About VentureBeat’s mission
Founded by the former editor of SiliconBeat, Matt Marshall, VentureBeat provides investors and entrepreneurs with insight into transformative enterprise technology. The site offers news, interviews, analysis, and “Beats”–a series of articles in which the editors explain their findings and share their perspective on the tech industry. The site also publishes semi-separate publications, including GamesBeat. The website recently launched. Its mission is to provide “insights into transformative enterprise technology and private companies that are leading the way.”
Although the site is new, it has already emerged as a viable source of information on Venture-related deals, and has even published a video about artificial intelligence and human brains. In addition, the website features interviews with top-tier investors and entrepreneurs. Its mission is to be the “digital town square” for technical decision makers.
The site currently features an editor-at-large, Dylan Tweney. He joined the site after working at SiliconBeat and has a passion for video games and technology. He is currently covering the video game industry. The site also features a series of “Beats”–analyzes, interviews, and news–and has a semi-separate publication, GamesBeat.