Databand

Company Overview

Snapshot

Founded in July 2018 by Josh Benamram, Victor Shafran, and Evgeny Shulman, Databand operated with 11–50 employees. The company raised $18.5M across 2 funding rounds from 6 investors. In June 2022, Databand was acquired by IBM.

Business overview

Databand offers a software platform designed for agile machine learning development, addressing the gap in specialized solutions for ML development compared to traditional software DevOps and CI/CD tools. Its core technology provides a framework for cross-team standardization and complete visibility for all project stakeholders, enabling data scientists and engineers to build solutions quickly, iterate easily, and productize improvements. The company operates within the Business Software sector, focusing on IT, R&D, and Data Solutions, and serves markets requiring advanced data analysis and decision support.

Strategic signal

In July 2022, IBM acquired Databand.ai, signaling a strategic move by IBM to enhance its data observability capabilities. This acquisition highlights the increasing importance of data observability tools in the enterprise landscape, as companies seek to ensure the reliability and performance of their data pipelines and machine learning models. For investors, this demonstrates a strong market validation for specialized ML development and data observability platforms, indicating potential for further consolidation and investment in this critical area of business software.

Company Intelligence Q&A

What is Databand's primary focus?

Databand specializes in providing a software platform for agile machine learning development, helping data scientists and engineers build and deploy ML solutions efficiently.

When was Databand acquired and by whom?

Databand was acquired by IBM in June 2022.

Which investors participated in Databand's December 2020 funding round?

In December 2020, Databand raised funding led by Accel, with participation from Bessemer Venture Partners.

Who were the founders of Databand?

Databand was founded by Josh Benamram, Victor Shafran, and Evgeny Shulman.

What was the total capital raised by Databand?

Databand raised a total of $18.5M across 2 funding rounds.