WINSTON-SALEM, NC, September 23, 2022 – Fluree, a Winston-Salem, NC-headquartered company that has developed a distributed ledger graph database platform, and ZettaLabs , a New Jersey-based company that uses artificial intelligence and machine learning to prepare raw data for analysis, today announced the merger of the two companies.
The combination of Fluree and ZettaLabs will allow Fluree to expand its offerings beyond its established expertise of working with new data-centric initiatives that embrace cutting-edge innovation. With ZettaLabs now part of Fluree, the company has the prowess to tackle legacy enterprise data architectures and take the first steps toward modernization. All ZettaLabs employees will integrate into the Fluree ecosystem, bringing the total Fluree workforce to 50.
“At Fluree, we are building the data infrastructure of the future,” said Brian Platz, co-founder and CEO of Fluree. “While many of our customers enjoy the unique benefits of our Semantic Graph Distributed Ledger Database technology, we recognize that organizations first need a way to break out of their entrenched silos in order to build their end-goal infrastructure. Managing legacy infrastructure is one of the biggest challenges for modern enterprises, yet nearly 74% of organizations fail to complete legacy data migration projects today due to inefficient tools a lack of interoperability. By adding the ZettaLabs team and product suite to ours, Fluree is poised to help organizations on their data infrastructure transformation journeys by uniquely addressing all major aspects of data migration and transformation. integration: security, governance and semantic interoperability. »
ZettaSense has been rebranded as Fluree Sense. The data pipeline uses AI and machine learning, along with ontologies, to standardize, cleanse, and harmonize data from disparate data sources that need to be integrated in a way that eliminates any additional data governance software requirements , master data management or data quality. Fluree Sense prepares data from legacy legacy databases, data warehouses, and data lakes for downstream enterprise consumption and sharing, whether in analytical repositories like Snowflake or Databricks, or in the immutable knowledge graph data from Fluree.
“We developed our flagship product, ZettaSense, to ingest, classify, resolve and cleanse big data from a variety of sources,” said Eliud Polanco, co-founder and CEO of ZettaLabs, who will become president of Fluree. “The problem is that the underlying technical data architecture – with multiple operational data stores, warehouses and lakes, now spanning multiple clouds – continues to grow in complexity. Now with Fluree, our shared customer base and all new customers can evolve to a modern and elegant data-centric infrastructure that will allow them to more efficiently and effectively share cleansed data within and across its organizational boundaries.
The merger, the first in Fluree’s history, makes Fluree a go-to company for approximately 90% of businesses hampered by legacy database systems and infrastructure that lack the tools or talent to undergo transformation efficient. It also increases Fluree’s customer base, which now includes large financial services firms.
Fluree Sense use cases include:
- Legacy data migrations that cleanse and harmonize data from multiple sources to enable migration from a legacy enterprise business platform to a target digital platform;
- Customer data integrations that integrate customer, account, product, and transaction data from multiple data sources into a single 360-degree customer record;
- Consent Management that enables active customer consent and control over how data is shared across products, regions and business functions within an organization; and,
- Cross-border data residency that enables secure sharing of information across borders by adhering to various national data privacy regulations using multi-party computing.
“We don’t lack data today – we lack high-quality data,” said Peter Serenita, retired chief data officer and current president of the nonprofit Enterprise Data Management Council, whose headquarters is in New York. “That’s why it’s critical for businesses to take a data-centric approach to their modernization initiatives to truly transform their existing infrastructure and break down their data silos for good. Joining forces with the ZettaLabs team and product will enable Fluree to continue its mission to turn big data into better data for sustainable business results.
Although Fluree currently serves the existing enterprise data management market as an innovative database solution, it is primarily intended for new data projects that have identified a specific requirement for trust, integrity, sharing or data security. The merger with ZettaLabs allows Fluree to bring value to all enterprise data teams looking to master their existing infrastructure and modernize their platforms to meet increasingly complex business objectives. Fluree now has a full suite of data management capabilities for organizations – from the first step of integrating and migrating legacy system data infrastructure with ZettaLabs technology to building a modernized operational and analytical data over the Fluree database system.
“Fluree’s merger with ZettaLabs is directly in line with Fluree’s vision to deliver data-centric capabilities to modernize enterprise data capabilities,” said Dan Malven, managing director of 4490 Ventures, a private equity firm. Madison-based venture and principal investor of Fluree. “Companies looking for data-centric architectures now not only have a landing place with Fluree’s ledger graph database technology, but also a starting point for their infrastructure.” to integrate their data management into data centrality. »
Co-founded in 2016 by CEO Brian Platz and Executive Chairman Flip Filipowski, Fluree PBC is headquartered in Winston-Salem, North Carolina. Fluree is pioneering a data-driven approach to technology with its data management platform. It ensures data integrity, facilitates secure data sharing, and powers data-driven insights. The Fluree platform organizes blockchain-secured data into a scalable semantic graph database, establishing a foundational layer of trusted data for connected and secure data ecosystems. The foundation of the company is a set of W3C Semantic Web Standards that facilitate trusted data interoperability. Fluree currently employs 50 people. For more information, visit flur.ee.
Source: Fluree, ZettaLabs