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Ataccama ONE available on Snowflake Marketplace, integrates Document AI
GlobeNewswire News Room· 2025-06-03 19:03
Core Insights - Ataccama has launched its unified data trust platform, Ataccama ONE, on Snowflake Marketplace, integrating with Document AI to convert unstructured content into structured data [1][5] - Unstructured data constitutes the majority of enterprise information, growing over 55% annually, yet 95% of businesses struggle to manage it effectively [2] - The integration of Ataccama ONE and Document AI allows organizations to extract structured data from unstructured documents, enhancing data quality and governance [3][4] Company Overview - Ataccama is recognized as a leader in data quality and governance, providing a unified platform that integrates data quality, lineage, observability, governance, and master data management [6] - The company has been acknowledged in the 2025 Gartner Magic Quadrant for Augmented Data Quality and Data and Analytics Governance, indicating its strong market position [6] Industry Context - The challenge of managing unstructured data is significant, with many organizations unaware of the valuable insights contained within, leading to operational risks [2][4] - As enterprises increasingly rely on unstructured data for AI applications, the need for effective governance and quality management becomes critical [2][4]
Flow Capital Announces a US$5.0 Million Investment in Congruity 360
Globenewswire· 2025-05-29 11:15
Group 1: Company Overview - Flow Capital Corp. has successfully closed a US$5.0 million senior note investment in Congruity 360, a provider of unstructured data management and risk mitigation solutions [1] - Congruity 360's Classify360 platform offers capabilities for managing petabyte-scale unstructured data, including data discovery, classification, and automated workflows for remediation [2][6] - Flow Capital focuses on providing flexible growth capital and alternative debt solutions to high-growth companies, particularly those that are revenue-generating and founder-owned [7] Group 2: Market Insights - The unstructured data management and classification market is experiencing significant growth, with Congruity 360 demonstrating strong market and product momentum [4] - Congruity 360 is trusted by Fortune 500 companies globally and plans to use the new capital for product innovation and growth [3][4] Group 3: Leadership Perspectives - Alex Baluta, CEO of Flow Capital, expressed confidence in Congruity 360's automated governance workflow and AI integration in the classification process, highlighting the company's high growth rate [4] - Brian Davidson, CEO of Congruity 360, noted that the partnership with Flow Capital will accelerate their product and go-to-market plans [4]