Nexla Acquires Fidap

Finsmes2022.08.26 00:11

Nexla, a San Francisco, CA-based data engineering automation company, acquired Fidap, a NYC-baased company that provides clean data for advanced analytics and machine learning.

The amount of the deal was not disclosed.

This acquisition will bring in Fidap’s team and technology to help Nexla go a step further with prepared datasets for data scientists and analysts. In addition to data engineering tools that help users make data usable, Nexla will now have pre-packaged ready-to-use data sets. These include public datasets such as US Census and Federal Reserve data, and commercial data sets such as equities market data. These datasets will be available in multiple velocities and formats and in major cloud warehouses, live streams, and files in popular cloud storage systems.

Started by former Google and Bloomberg product leader Ashish Singal, Fidap was backed by Google’s AI-focused fund Gradient Ventures, Engineering Capital, and several key angels including Keenan Rice, Sabrina Hahn, and Ankit Jain.

Led by CEO Saket Saurabh, Nexla provides data engineering automation and makes data ready to use for enterprises. The platform helps teams create scalable, repeatable, and predictable data flows for any data use case. Analysts, business users, and data engineers across any sector including e-commerce, insurance, travel, and healthcare use it to integrate, automate and monitor their incoming and outgoing data flows. Customers include JPMorgan, Johnson & Johnson, LinkedIn, Instacart, and Doordash.

FinSMEs

25/08/2022

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