Enterprise AI data company Cloudera announced it has deepened its AI expertise with its acquisition of Verta’s Operational AI Platform. And the Verta team will join Cloudera’s machine learning group, reporting to Chief Product Officer Dipto Chakravarty.
Through the addition of Verta, Cloudera has further solidified its position in the competitive AI landscape, acquiring renowned talent and technology in AI and ML. And the Verta team will draw on their collective expertise to help drive Cloudera’s AI roadmap and enable the company to effectively anticipate the needs of its global customer base.
Along with providing significant AI expertise, Verta’s hybrid and multi-cloud end-to-end AI platform will fuel Cloudera’s ability to serve growing AI demand across its global user base. Founded on research conducted at MIT by Dr. Manasi Vartak (Verta’s former CEO) and then further developed with Dr. Conrado Miranda (Verta’s former CTO), Verta was a pioneer in model management, serving, and governance for predictive and generative AI (GenAI).
And it addresses one of the biggest hurdles in AI deployments by enabling organizations to effectively build, operationalize, monitor, secure, and scale models across the enterprise.
Verta’s technology simplifies the process of turning datasets into custom retrieval-augmented generation applications, enabling any developer (no matter their level of machine learning expertise) to create and optimize business-ready large language models (LLMs). And these features – along with Verta’s genAI workbench, model catalog, and AI governance tools – will enhance Cloudera’s platform capabilities as it continues to deliver on the promise of enterprise AI for its global customer base.
Jefferies is serving as exclusive financial advisor to Cloudera in connection with this transaction.
KEY QUOTES:
“The future of data management is AI; they go hand-in-hand. Cloudera is acquiring Verta’s Operational AI platform to strengthen our team and accelerate our operational AI capabilities. We are moving quickly to provide our customers with the technologies they need to drive their data and AI initiatives, and we have no plans to slow down. This is the first of several strategic moves we expect to make as we extend our leadership in data and trusted enterprise AI.”
- Charles Sansbury, CEO, Cloudera
“Good data breeds good models, which is why Verta’s and Cloudera’s technologies are a perfect match. Cloudera has the most data under management compared to any other platform in the world, making it the clear choice to bring the vision for our innovations into reality. In lockstep with the Cloudera team, we can and will unlock the promise of organization-wide AI and enrich every user’s journey from data to insights to action.”
- Dr. Manasi Vartak
