, , , ,

Lightup wants to shine a light on data quality with $9M Series A

We all know how important data quality is. That’s where the timeless phrase, garbage in/garbage out came from. As the pace of data creation accelerates, and it gets used in a variety of ways across a company to make business decisions, deliver quality customer experiences and drive machine learning models, making sure the data is accurate has become ever more crucial.

Lightup wants to put data quality in the spotlight, and today the company announced a $9 million Series A investment to continue building their data quality solution. The company has now raised over $20 million, according to Crunchbase data.

Lightup builds on the work that CEO and co-founder Manu Bansal began with his first startup, Uhana, which was acquired by VMware in 2019, shortly before he launched his latest venture. He said companies building data pipelines didn’t have much choice when it came to data quality beyond building it themselves, and he saw his next opportunity.

“We were building data pipelines with Kafka and Spark and whatnot, and all the tools that we could find to solve the data quality problem were built for spreadsheets worth of data, which were being processed interactively, as opposed to millions of events per second moving through an automated pipeline,” Bansal told TechCrunch.

As he and his co-founders looked for a solution and spoke to other companies, they realized they had stumbled onto an unmet need and decided to build it. “We looked around for solutions and all we heard was that people were just building their own ad hoc solutions when they could afford to do it. And others were just running on prayers. And we said, ‘yeah, this needs solving’”.

He said their secret sauce is leaving the data in place, regardless of whether it’s stored in Snowflake, Databricks or another data storage solution. This reduces the overhead of checking the data pretty dramatically because they’re not making a copy of the data, and they’re taking advantage of resources that are already in place from the service provider.

“We leverage the compute fabric of those scalable data warehouses and data lakehouses instead of moving data. So the big difference for us is that traditional systems would take out data from where it lives, and we leave it in place,” Bansal said.

They then look for anomalies in the data that would suggest a problem, create a report and deliver it to a human to make the final data quality decisions. They don’t have write access to the data, and that’s by design.

The company launched in 2019 and it took a couple of years to build the solution. Today, the startup has 20 employees with plans to hire more with the new money. He believes that being distributed is helping him build a more diverse workforce.

“We love that because we’re distributed, we’re seeing people from different time zones, different cultures, and different ways of approaching problems. And if you look around the team right now, you will find some very impressive diversity already,” he said.

The $9 million investment was led by Andreessen Horowitz and Newland Ventures with participation from Spectrum 28 Capital, Shasta Ventures, Vela Partners and Incubate Fund. The deal closed at the end of March.

https://techcrunch.com/2023/08/02/lightup-wants-to-shine-a-light-on-data-quality-with-9m-series-a/


October 2024
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  

About Us

Welcome to encircle News! We are a cutting-edge technology news company that is dedicated to bringing you the latest and greatest in everything tech. From automobiles to drones, software to hardware, we’ve got you covered.

At encircle News, we believe that technology is more than just a tool, it’s a way of life. And we’re here to help you stay on top of all the latest trends and developments in this ever-evolving field. We know that technology is constantly changing, and that can be overwhelming, but we’re here to make it easy for you to keep up.

We’re a team of tech enthusiasts who are passionate about everything tech and love to share our knowledge with others. We believe that technology should be accessible to everyone, and we’re here to make sure it is. Our mission is to provide you with fun, engaging, and informative content that helps you to understand and embrace the latest technologies.

From the newest cars on the road to the latest drones taking to the skies, we’ve got you covered. We also dive deep into the world of software and hardware, bringing you the latest updates on everything from operating systems to processors.

So whether you’re a tech enthusiast, a business professional, or just someone who wants to stay up-to-date on the latest advancements in technology, encircle News is the place for you. Join us on this exciting journey and be a part of shaping the future.

Podcasts

TWiT 999: Bananas and Browsers – CA AI Bill Veto, Meta's Orion, FTC Vs. Fake Reviews This Week in Tech (Audio)

CA AI Bill Veto, Meta's Orion, FTC Vs. Fake Reviews Sam Altman's AI Manifesto News from Meta Connect Gavin Newsom vetoes sweeping AI safety bill, siding with Silicon Valley The Panel discusses CoPilot The Panel debates AGI James Cameron Joins Board of Stability AI in Coup for Tech Firm SAG-AFTRA Calls Strike Against 'League of Legends' Rabbit says only 5,000 people use the R1 daily Orion: True AR Glasses Have Arrived AI smackdown: How a new FTC ruling just protected the free press DoNotPay has to pay $193K for falsely touting untested AI lawyer, FTC says Firefox Review Checker – Ensure review authenticity in your online shopping New California law requires one-click subscription cancellations The DOJ sues Visa for locking out rival payment platforms NIST proposes barring some of the most nonsensical password rules Some Mad Genius Put ChatGPT on a TI-84 Graphing Calculator 23andMe troubles, company recently settled data insecurity suit for $30 mil Host: Leo Laporte Guests: Denise Howell, Parmy Olson, Daniel Rubino, and Henry Laporte Download or subscribe to this show at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: lookout.com 1password.com/twit shopify.com/twit veeam.com flashpoint.io
  1. TWiT 999: Bananas and Browsers – CA AI Bill Veto, Meta's Orion, FTC Vs. Fake Reviews
  2. TWiT 998: Artisanal Locally-Sourced Dopamine – Amazon Returns to Office, CA AI Bill, Elon Backs Down
  3. TWiT 997: Put an OLED on it – iPhone Event 2024, $700 PS5, AI in AU
  4. TWiT 996: The Quiet Office Crackdown – Starlink Backtracks, AI Royalty Heist
  5. TWiT 995: The Story of Us – AnandTech Shuts Down, Brazil Bans X, Alexa Revamp