F-35 Jet Tracking

Easily the longest post yet 🔥🔥🔥. This week, 3 new products & services, 7 acquisitions, 14 fundraising rounds including 3 nine-figure raises, 11 people moves & promotions, 3 articles, 1 podcast, 9 roles, and 2 new events. Bonus: most clicked links, companies in market, and a For Your Entertainment section at the bottom, read on!

M&A

• Acceldata acquired Bewgle (AI NLP platform).

• Akeneo acquired Unifai (product data).

• ARK Invest acquired Rize ETF (thematic ETFs)

• FE fundinfo acquired Adjuto (asset management technology).

• Procore acquired Unearth (construction data).

• TGS acquired PGS (energy data).

• Think-Cell acquired AskBrian (digital assistant).

*transactions have been announced but may not be closed

Fundraising

• Alcion (data management and backup) raised $21M in a Series A led by Veeam.

• Allocate (private investments) raised $10M.

• Briya (healthcare data exchange platform) raised $11.5M in a Series A led by Team8.

• CoinScan (crypto analytics) raised $6.3M.

• Denominator (DEI data) raised a Seed round from family offices and industry execs.

• Mapbox (location data and navigation) raised $280M in a Series E led by SoftBank.

• Medeloop (health data platform) raised $8M in a Seed round led by General Catalyst.

• Moment (fixed income solutions) raised $17M in a Series A led by Andreessen Horowitz.

• MotherDuck (serverless data analytics) raised $52.5M in a Series B led by Felicis.

• Navenio (indoor location solutions) raised $6.3M in a round led by Oxford Science Enterprises.

• Openvolt (energy data) raised €1.5M in a Pre-Seed round led by Cavalry Ventures.

• Perfios (financial data analysis and solutions) raised $229M in a Series D led by Kedaara Capital.

• Tabular (data platform) raised $26M in a round led by Altimeter Capital.

• Writer (generative AI platform) raised $100M in a Series B led by ICONIQ Growth.

In Market

• CB Insights (market intelligence) is exploring a potential sale. (Bloomberg)

• EagleView’s (geospatial systems) owners hired William Blair and Rothschild & Co to advise the company on its sale process. (Reuters)

• GroundTruth (location data) hired JEGI Clarity to explore strategic options and a possible asset sale. (Business Insider)

• WGSN (trend forecasting). (Company announced in January)

*some deals may be rumored. All have been published by other sources/media outlets cited

People Moves, Promotions, and Appointments

• Theo Bell joined Rimes as Head of AI Product.

• Adam Bhatti joined Concertiv as Market Data Associate.

• Jonathan Blanton joined Emporia Research as AVP, Business Development.

• Anjali Gupta Reddi joined Green Street as Chief Data Officer.

• Kathryn Miller was promoted to SVP, AI Products & Research Strategy at FactSet.

• Sebastian Segerstrom was promoted to Global Director of Banking Solutions at FactSet.

• Tito Singh joined MarketsIO as Chief Revenue Officer.

• Eamon Troy joined Toggle AI as Head of Product.

• Victoria Warner joined Cybersyn in a Product role.

• Michael Wexler joined Square as Head of Global Marketing Analytics.

• Paul Wingrove was promoted to Head of Data Governance at Jupiter Asset Management.

Who’s Hiring

• Association of American Medical Colleges (AAMC) is hiring a Director, Data Strategy & Data Governance.

• Athletic Greens is hiring a VP, Data & Analytics.

• CVS is hiring an executive level head of pricing and promotion analytics. More in the post here.

• Detroit Tigers are hiring a Data Engineer, Baseball Systems.

• Differential Ventures is hiring an Analyst.

• Grata is hiring a Staff Software Engineer.

• Salesforce is hiring a Director, Data Product Manager.

• Verisk is hiring a Chief Data Officer - Insurance.

• John Dolan of Double Down Group (recruiter) launched a new website highlighting the roles DDG is working on. Some solid data and financial technology sales roles!

What I’m reading

• PFOF and its discontents: Ugh fine, we’ll debunk the GameStop conspiracy theory by Alexandra Scaggs in the Financial Times.

• The Great Sobriety for Venture Investing, Where To Start with AI, & Undeniable Data by Scott Belsky on Substack.

• Daily Data: Longer sales cycles, and other VC-related data by Moses Sternstein on Substack.

What I’m Listening To

• I See Data People episode featuring Jeremy Baksht.

New Products & Services

The Proptech Cloud is an independent knowledge hub curating property content and data listings. It is powered by Data Army in collaboration with Snowflake, and has listings such as address fabric, polygon/geometries, construction activity, demographics, foot traffic, weather, and POI data from many providers including Carto, CoreLogic, geoTribes, Precisely, SafeGraph, Techsalerator, Unacast, and Weather Source.

Cybersyn announced the launch of a Company Index, initially applied to their SEC Filings dataset. The product helps users join companies, subsidiaries, and brands together in a hierarchy, aggregating common company identifiers including CIK, EIN, LEI, PermID, and OpenFIGI. And if a new security master wasn’t already the best part, it’s all available for free on Snowflake!

AltHub launched a new AI-powered data monetization platform, AltLab360, which transforms raw data into ready-to-use datasets. AltLab360 helps data providers explore multiple use cases, craft market signals, and validate the value of their data. The toolset equips data providers with ticker mapping and backtesting capabilities, as well as sales tools through their Prospector module for effective data marketing. More info can be found in the press release.

This Quarter’s 5 Most Clicked Links

• Job: Data Strategist at Two Sigma.

• Job: Director of Data Strategy at Ampersand (no longer posted).

• Article: Six banks team with Expand Research to create data vendor catalog by Max Bowie in WatersTechnology.

• Article: Unlocking Alpha With Alternative Data by Capital Fund Management in Institutional Investor.

• Article: Ken Griffin's Citadel is rebuilding one of its most critical platforms. Here's an inside look at the project by Bianca Chan in Insider.

Upcoming Events

*new events added since last newsletter

• The Executive Briefing by Pitchly - Data Enablement to Empower Your Organization for Growth & Success, September 26, NYC

• Sohn San Francisco Investment Conference, September 26, San Francisco

• BattleFin Discovery Day London, September 26-27, London

• Eagle Alpha The Next Wave of Data Discovery & Corporate Data Access, September 27, NYC

• Low Key Data Happy Hour, September 27, NYC

• Financial Times Future of Asset Management North America, September 27-28, NYC

• Neudata San Francisco Data Summit, September 28, San Francisco

• FISD New York at Societe Generale, September 28, NYC

• Snowflake Data Cloud World Tour, October 2, NYC

• Corinium CDAO Fall, October 4-5, Boston

• Eagle Alpha London Alternative Data Conference, October 12, London

• FinTech Sanbox's Boston FinTech Week, October 10-13, Boston

• *FISD Alternative Data Council: Compliance and Generative AI, October 17, NYC

• *Battle of the Quants, October 18, London

• Seek AI Happy Hour: NYC TechWeek, October 20, NYC

• The Market Research Event (TMRE), October 23-25, Denver

• Neudata Dubai Data Day For Investors, November 1, Dubai

• BattleFin Corporate Discovery Day, November 2, NYC

• SuperReturn North America, November 6-7, NYC

• Substantive Research Unbundling Uncovered, November 8, London

• Benzinga Fintech Deal Day & Awards, November 13, NYC

• FIMA Data Tech Innovation Day, November 27, London

• FIMA Europe, November 28-29, London

FYE (For Your Entertainment)

30 laws that explain the world. My favorites below. Thanks Will Bachman for sharing.

• Hofstadter's Law: It always takes longer than you expect, even when you take into account Hofstadter's Law.

• Hanlon's Razor: Never attribute to malice that which can be adequately explained by stupidity.

• Terman's Law of Innovation: If you want a team to build a ship, don't drum up people to collect wood and assign tasks, but rather teach them to long for the endless immensity of the sea.

• Cole's Law: Thinly sliced cabbage

Full list in the link here.

And a non-data comic, just for laughs…

Views here are my own and not of my current or former employers.