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Persistent Systems, which is one of the largest IT company of India, has invested an undisclosed amount in big data as a service firm, Cazena.
The investment was part of a $10 million round, that included some of the other leading investors like Andreessen Horowitz, Formation 8 and Northbridge Venture Partners, among others.
As a part of Investment, the company has also partnered with some of the officials of Persistent Systems to further extend the cloud Data Lake to include self-service data discovery and data services for enterprises that don’t have data engineering or machine learning or the Natural Language Processing (NLP) skills.
“Persistent consistently drives forward rapid digital transformation for our enterprise clients. Partnering with Cazena enables us to extend innovative solutions for analytics and ML for our customers. We are excited to announce the new Self-Service Data Lake, a combination of Cazena’s Big Data as a Service with Persistent’s ShareInsights analytic solutions and our ML/AI data services. This solution provides enterprises immediate and actionable access to data to help unlock the ‘how’ of digital transformation,” said Anand Deshpande, Managing Director, Persistent Systems.
Cazena is the industry’s first fully-managed Big Data as a Service with built- on the platform of DevOps for analytics. The company has gained skills shortages in many of the business development operations which includes the big data and cloud.
“Since going GA last year, we have seen a 300% growth in our business. Our goal is to accelerate enterprises’ ability to leverage analytics, machine learning and artificial intelligence, without hiring or re-training their workforce. This round reinforces the support of our existing investors and we are excited to announce our strategic partnership with Persistent,” said Prat Moghe, CEO, Cazena.
Cazena’s solution is its totally automated and managed with the cloud and data analytics, which offers a SaaS-like experience for business firms.
