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. The company's core technology provides a framework that enables data scientists and data engineers to build solutions, iterate easily, and productize improvements with cross-team standardization and complete visibility. Databand operates within the Business Software sector, focusing on IT, R&D & Data Solutions, Software Development Tools, and Data Analysis & Decision Support, serving global markets with its B2B product.

Strategic signal

The acquisition of Databand by IBM in June 2022 for an estimated $150 million signals a significant industry trend towards integrating data observability into broader enterprise AI and data management strategies. This move by a major technology player like IBM validates the critical need for specialized tools that ensure the reliability and performance of machine learning pipelines, indicating a growing market demand for robust MLOps solutions.

Company Intelligence Q&A

What was a significant corporate milestone for Databand?

In June 2022, Databand was acquired by IBM for an estimated $150 million, marking a key exit for the company.

Who were the founders of Databand?

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

When did Databand last raise a funding round?

In December 2020, Databand raised $14.5 million in a funding round led by Accel.

What is Databand's primary business focus?

Databand provides a software platform for agile machine learning development, offering tools for data scientists and engineers to build, iterate, and productize ML solutions with enhanced visibility and standardization.

Which investors participated in Databand's May 2018 seed round?

In May 2018, Databand secured seed funding with participation from Blumberg Capital.