Pulsed power systems accumulate and store large amounts of energy for a certain period of time to be released instantaneously later.Pulsed power systems accumulate and store large amounts of energy for a certain period of time to be released instantaneously later.
Renewable energy prices have fallen by more than 70 percent in the last decade, driving more Americans to abandon fossil fuels for greener, less-polluting energy sources. But as wind and solar power continue to make inroads, grid operators may have to plan for large swings in availability.Renewable energy prices have fallen by more than 70 percent in the last decade, driving more Americans to abandon fossil fuels for greener, less-polluting energy sources. But as wind and solar power continue to make inroads, grid operators may have to plan for large swings in availability.
Union.ai, a startup emerging from stealth with a commercial version of the open source AI orchestration platform Flyte, today announced that it raised $10 million in a round contributed by NEA and “select” angel investors. CEO Ketan Umare says that the proceeds will be put toward supporting the Flyte community by “improving the accessibility, performance and reliability of Flyte” and broadening the array of systems that Flyte integrates with.
While companies find AI’s predictive power alluring, particularly on the data analytics side of the organization, achieving meaningful results with AI often proves to be a challenge. It’s true that AI can help to project revenue, for example, by identifying trends in buying and selling. But implementing and maintaining the data pipelines necessary to keep AI systems from drifting to inaccuracy can require substantial technical resources.
That’s where Flyte comes in — a platform for programming and processing concurrent AI and data analytics workflows. Union’s team, including Umare, helped to build Flyte while at Lyft, where it was used to help create a system to calculate the estimated time of arrival (ETA) for drivers to get from point A to point B.
“[Union’s] founders first met at Lyft, where we joined the team responsible for calculating the ETA for a Lyft driver to get from point A to point B,” Umare told TechCrunch via email. “Searching for the right solution led the team deep into machine learning techniques, which came with requirements to use large amounts of data and deliver robust models to production consistently … The techniques used were platformized, and the solution was used widely at Lyft.”
Lyft contributed Flyte to open source in 2020, granting the trademark to the Linux Foundation a year later. That’s when Union’s team saw an opportunity to layer paid services on top of the project in the cloud.
“A managed version of Flyte, called Union Cloud, will allow smaller teams and organizations to use the power of Flyte without the need to staff up on infrastructure teams,” Umare continued. “We [founded Union] because we believe that machine learning and data workflows are fundamentally different from software deployments. This is because software is more precise with a slower lifecycle while machine learning and data workflows start off being experimental and may need to be quickly productionized.”
Umare and Union’s other co-founders, Haytham Abuelfutuh and George Snelling, all have deep backgrounds in the tech industry. Prior to joining Lyft, Umare was a senior software engineer at Amazon and a principal engineer at Oracle, where he led development of a block storage product for an infrastructure-as-a-service and bare metal offering. Abuelfutuh spent seven years as an engineer at Microsoft and three as a developer at Google, where he helped to ship an internal software library for first-party apps including Google Photos. Snelling — also a Microsoft veteran — co-founded several startups (Westside, LabKey and Patchr) and spent time at Salesforce as a senior director of engineering.
With Union Cloud — the launch of which coincides with the release of Flyte version 1.0 — Umare says the goal is to reduce (and ideally eliminate) the unwieldy infrastructure that can crop up in data science projects and hamstring development. At their worst, messy abstractions can necessitate rebuilding infrastructure to deploy AI to production, Umare points out — negatively affecting the potential return on investment.
According to a 2021 Wakefield Research report, enterprise data engineers spend nearly half their time building and maintaining data pipelines. Sixty-nine percent of respondents to the survey — mainly data engineers — said that business outcomes would improve if their teams could contribute more to business decisions and spend less time on manual pipeline management.
“Production machine learning is still in its infancy at the moment, especially at companies outside big tech. Thus, most companies start off with DIY — that is our primary competition,” Umare said. “We took a radically different, first-principles approach to defining what a workflow means for machine learning and data scientists. We started with a goal to minimize human errors and try to help predict problems ahead of time [and worked] closely with extremely sophisticated and a diverse set of partners like Spotify, Gojek and Freenome [to help] refine the solution.”
Union Cloud inherits all of Flyte’s characteristics and capabilities, including connectors between computation back ends that record all changes to an AI pipeline. Union Cloud also stores a history of all a pipeline’s executions and provides a dashboard, command-line interface and API to interact with the computations.
Union Cloud — and Flyte — define workflows as multiple tasks. Workflows and tasks can be written in any programming language and stay on-premises, as does data moving through those components.
So what’s the value add with Union Cloud? Umare says that it adds “agility, reproducibility, and security” to Flyte by centralizing infrastructure management and maintaining “high” privacy and compliance standards. “Our products are built with zero-trust principles in mind and thus our users can use [it] to build a self-serve platform that still maintains high security standards,” he continued. “Data science is very academic, which directly affects machine learning. There is a lot of fantastic research and literature that is available in academia, which is hard to productionize. We need to bridge both these worlds in a structured and repeatable way.”
Umare also sees Union Cloud as a way to reduce the cost of developing new products and systems in a way that the open source Flyte project can’t accomplish. While he concedes that similar efforts from other vendors exist, like AWS Sagemaker, he believes that they fail to integrate well with the rest of the data science ecosystem.
“We have been at this problem for over five years, refining our solution and iterating based on real-world feedback and requirements,” Umare said. “The machine learning sector is already large and growing within traditional companies as well. We view growth potential to not be limited by the size of the current demand however, but rather by the experience we can deliver, which is why we’ve focused purely on customer success and open source adoption. This will lead to revenue growth in the near future.”
On the topic of growth, Union plans to double its 20-person headcount by the end of the year as it focuses on product buildout. Umare didn’t have statistics to share on Union Cloud interest or uptake, but reiterated that “thousands” of users across companies such as Lyft, Spotify, Toyota subsidiary Woven Planet, and biotech and finance brands have adopted Flyte.
Union.ai, a startup emerging from stealth with a commercial version of the open source AI orchestration platform Flyte, today announced that it raised $10 million in a round contributed by NEA and “select” angel investors. CEO Ketan Umare says that the proceeds will be put toward supporting the Flyte community by “improving the accessibility, performance
Saving the planet and doing whatever we can to change the paradigm in the world that pays no attention to climate change is something we all need to do. There are lots of ways to do so, and becoming sustainable is a matter of choice – and the best thing about it is that every …
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Saving the planet and doing whatever we can to change the paradigm in the world that pays no attention to climate change is something we all need to do. There are lots of ways to do so, and becoming sustainable is a matter of choice – and the best thing about it is that every …
The post Starting an Eco-Friendly Blog in 2022 appeared first on U.S. Green Technology.
Data — it’s the lifeblood of every company, and as our data culture transforms, so too must your business. An emerging, innovative data ecosystem promises to integrate disparate data sources, provide a more complete picture of business, both present and future, and improve enterprise collaboration at every level.
Understanding the rapidly changing trends in data and analytics is more essential than ever, and it’s why we’re proud to host Data & the Culture Transformation, an online event — presented by Cloudera — on April 26 or 27, 2022.
Register today: Attending Data & the Culture Transformation is free, but you must register here to reserve your seat at the virtual table.
Pick your date and international showtimes:
April 26: Americas, EMEA and India
April 27: APAC and Singapore
Data & the Culture Transformation is tailor-made for anyone interested in building a data-driven future and deriving more value from their data — faster and more easily — to drive business success. We’re talking IT professionals, line-of-business leaders, data practitioners and decision makers.
What can you expect at this event? Tech industry analyst Maribel Lopez, of Lopez Research, will moderate conversations with Cloudera CTO Ram Venkatesh and Shirley Collie, chief health analytics actuary at Discovery Health.
Venkatesh will speak to the evolution in business culture and mindset when it comes to data, and how a more collaborative approach helps modern data-driven organizations get easier access to their data — and the insights it provides — from a variety of sources.
Tune in to hear Collie talk about how the South African health insurance company’s data-driven approach has benefited both their business and society.
These three diverse data experts will also sit down together and discuss a variety of topics, including how companies can respond to the current data explosion, the role ethics plays in data analytics and projections on the next data-driven culture transformation.
No matter what role you play in your organization’s data strategy, you’ll leave this symposium with actionable insights you can use now, when you need them most.
Attending Data & the Culture Transformation is 100% free. Register today, join us online and gain a deeper understanding of the changes driving new, collaborative data ecosystems — and how they can benefit your business.
Data — it’s the lifeblood of every company, and as our data culture transforms, so too must your business. An emerging, innovative data ecosystem promises to integrate disparate data sources, provide a more complete picture of business, both present and future, and improve enterprise collaboration at every level. Understanding the rapidly changing trends in data
The sparse and inconsistent availability of urban data is currently hampering efforts to manage our cities fairly and effectively—but this could be solved by exploiting the latest advances in artificial intelligence.The sparse and inconsistent availability of urban data is currently hampering efforts to manage our cities fairly and effectively—but this could be solved by exploiting the latest advances in artificial intelligence.Machine learning & AI
All of us know that geothermal energy is used for heating, but cooling? Yes, it is also used for cooling as well. Both heating and cooling are provided with the help of ground temperatures which remain constant. It is such an eco-friendly source of providing energy with which you would end up saving almost 30% …
The post The Advantages of Using Geothermal Energy for Heating and Cooling appeared first on U.S. Green Technology.
All of us know that geothermal energy is used for heating, but cooling? Yes, it is also used for cooling as well. Both heating and cooling are provided with the help of ground temperatures which remain constant. It is such an eco-friendly source of providing energy with which you would end up saving almost 30% …
The post The Advantages of Using Geothermal Energy for Heating and Cooling appeared first on U.S. Green Technology.
Supercomputers are extremely fast, but also use a lot of power. Neuromorphic computing, which takes our brain as a model to build fast and energy-efficient computers, can offer a viable and much-needed alternative. The technology has a wealth of opportunities, for example in autonomous driving, interpreting medical images, edge AI or long-haul optical communications. Electrical engineer Patty Stabile is a pioneer when it comes to exploring new brain- and biology-inspired computing paradigms. “TU/e combines all it takes to demonstrate the possibilities of photon-based neuromorphic computing for AI applications.”Supercomputers are extremely fast, but also use a lot of power. Neuromorphic computing, which takes our brain as a model to build fast and energy-efficient computers, can offer a viable and much-needed alternative. The technology has a wealth of opportunities, for example in autonomous driving, interpreting medical images, edge AI or long-haul optical communications. Electrical engineer Patty Stabile is a pioneer when it comes to exploring new brain- and biology-inspired computing paradigms. “TU/e combines all it takes to demonstrate the possibilities of photon-based neuromorphic computing for AI applications.”
The global pandemic shifted many home service employees from W2 to 1099 status, which is giving Jobox.ai a lot more business.
The Florida and Bay Area-based company is going after the $595 billion home services industry, where skilled labor is facing a shortage, by connecting companies with over 5,000 vetted home service professionals via a marketplace leveraging an artificial intelligence-based infrastructure — thus eliminating the need for customers to vet professionals themselves.
Co-founders Shay Bloch, CEO, Kaushik Pendurthi, COO and Moshe Levi, who used to be a locksmith, started Jobox in 2016. One of the inspirations for the company was Bloch’s mother, who owned a restaurant for over 20 years.
“Even if you ask her today, what is the cost of sales and what is the bottom line of her business, and she won’t know. She says she just knows how to make good food and hope she has good service,” Bloch told TechCrunch. “I always knew that we can help with software for small businesses where we can create an impact, bring change to the bottom line and really change the livelihood in the industry that we chose.”
On one side, the home service professionals have a free toolbox right on their phone to get their small business up-and-running. On the other side, Jobox works with more than 50 large organizations that often outsource repair work to match jobs they have with the bank of professionals based on criteria, like skill set and location.
Jobox makes money from the transaction when the professional completes the job. For example, the professional gets 60% and Jobox and the originating organization split the difference.
Leveraging technology for the home repair market has become an attractive area for venture capital funding. Earlier this year, Zuper raised $13 million to help technicians make sure they had everything they needed when they showed up to a repair.
Jobox teamImage Credits: Jobox.ai
We also saw Fuzey bring in $4.5 million in seed funding for its “digital one-stop shop” for small businesses and independent contractors, and Puls Technologies get $15 million for its mobile app connecting tradespeople with on-demand home repair services. There are also larger companies in the space, like Jobber, which announced $60 million in funding.
Meanwhile, Jobox works with professionals in 39 states and has so far processed more than $1 billion of transactions on its platform. It did over $300 million last year alone in gross merchandise volume and $10 million in revenue, Bloch said.
It too attracted funding over the years — $58 million in total, and Tuesday marks its official “coming out of stealth mode” with a new $42 million of Series B funding. General Catalyst led the round and was joined by new and existing investors, including Resolute VC, NNS, Expanding Capital and Joey Low.
The new funding will enable the company to go into more cities, attract more professionals and expand into other home service positions — currently it is mainly locksmiths, garage door repair, pavement repair and carpet cleaning. They are looking at plumbing and electricians, too.
“We spent some time getting the product really right and making sure that our product is solving the right problems and the critical problems for our user base,” Pendurthi said. “We want to scale, and we want to have top talent. We also want to make sure that we’re building partnerships with different kinds of B2B companies so that we can serve our users even better, and we want to expand our products.”
Jobox connects companies with vetted professionals for home service jobs via a marketplace, thus eliminating the need for customers to vet professionals themselves.
Showing that the product analytics industry is alive and well, Kubit today announced that it raised $18 million in a Series A funding round led by Insight Partners, bringing its total capital raised to $24 million. Kubit says that it’ll put the fresh cash toward growing its team and expanding its platform, which helps customers manage their data quality.
CEO Alex Li says that he founded Kubit in 2018 to solve what he believes is one of the biggest pain points of the product analytics space: losing data control and lack of transparency. Previously, Li spent 10 years building mobile apps and used product analytics tools at companies including Smule, Booyah and eBay. These tools fell short of his expectations, he says, in that they often required sending data to third parties and created siloed analytics practices.
“Product analytics has proven its significance in many large enterprises’ successes. [But as] an industry, product analytics is still young and has become more open and transparent,” Li told TechCrunch via email. “No enterprise wants to be locked into a siloed blackbox solution that demands control of a customer’s precious data.”
As a refresher, product analytics is the process of analyzing how users engage with a product — whether an app, website or subscription service — to allow companies to track and analyze user engagement data. The idea is to use the data to improve and optimize the product, and identify bugs as they crop up in the deployment process.
Kubit’s product analytics dashboard. Image Credits: Kubit
Kubit’s platform is designed to work with existing cloud data warehouses (i.e. central repositories of business data) without the need to transform, normalize or convert product analytics data. In this way, Kubit eliminates the need for batch jobs and the duplication of data, Li argues, potentially reducing cloud computing costs.
“We help our customers to analyze their users’ behavior patterns through their user data. Kubit doesn’t store or process any personally identifiable information and most of the user data is already anonymized,” Li said. “With our integration[s], our customers have full control of their data and can make changes whenever they want, including deletion.”
Li sees Amplitude, June and Mixpanel as direct competitors in the product analytics segment. Mixpanel and Amplitude have formidable warchests. But Li tells TechCrunch that both Kubit’s revenue and headcount (13 people) is projected to triple this year, driven by a growing customer base that includes “several largest enterprises in entertainment, social and education fields.”
“[I]t seems that the consumer segment has recovered very well [from the pandemic] and the surviving enterprises are the winners who really see the needs of product analytics to keep their growth going strong,” Li said. “Moreover, the down time [during the pandemic] gave many data teams the opportunity to reinforce their modern data stack and realize the significance of data control and transparency.”
Showing that the product analytics industry is alive and well, Kubit today announced that it raised $18 million in a Series A funding round led by Insight Partners, bringing its total capital raised to $24 million. Kubit says that it’ll put the fresh cash toward growing its team and expanding its platform, which helps customers
