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30 Smartest Companies of the year 2020

Anodot: We Monitor Your Business

Anodot: We Monitor Your Business

When you are a business owner or an executive responsible for a business's major area, you want to know how well the business is running. Anodot’s patented machine learning creates a next-generation, hands-off analytics experience for all users across the business. This can help monitor all business data in real-time for lightning-fast detection of the incidents that impact business revenue.

Anodot was founded as one of the co-founders became frustrated with not getting real-time insights despite having access to real-time big data. Together, the co-founders established Anodot in 2014. It had a standout team with a deep understanding of AI and DevOps to rethink monitoring from the ground up. Anodot started by building an autonomous monitoring system. Running the process autonomously was a completely different approach to analytics and a much-needed solution for a drastically changed data reality.

But Anodot did not stop there. As opposed to run-of-the-mill apps and IT monitoring, Anodot focused on the incidents and trends that impact revenue and the KPIs that directly influence businesses. Anodot’s unique approach reduces detection and resolution for revenue-critical issues by as much as 80%. Today, there are far more roles that struggle to monitor metrics at scale. Anodot is resolving that pain, and the market is taking notice. Anodot’s state-of-the-art AI-powered analytics illuminates business blind spots, so companies will never miss another business incident.

Anodot serves industry leaders such as Waze, Microsoft, King, Lyft, Pandora, Atlassian and many more. Even with a massive dataflow, Anodot has proven that it can seamlessly correlate data across millions of real-time metrics - alerting us immediately so we can react instantly,” says NanakoYamagishi, Director of Incident and of Service Operations, King.

The company’s technology is valuable beyond the business use cases. With the COVID-19 outbreak, Anodot is leveraging its powerful platform to keep its employees and the public updated on the pandemic. Drai said, “We began using our own machine learning algorithms to track it, and quickly realized that lending the use of our technology to the global public is the minimum we can do to help during this very difficult time.”

The company recently raised $35 million in its Series C funding. It brought company’s total funding to $62.5 million. Intel Capital led the round along with participation from SoftBank Ventures Asia, Samsung NEXT, and La Maison. Existing investors Disruptive Technologies L.P., Aleph, and Redline Capital Management also participated.

Data World Event

The lack of in-person industry conferences has been a major setback as many acclaimed international conferences were postponed or cancelled this year. These conferences are important as they help with the propagation of the best ideas. To help address the gap during the pandemic, Anodot hosted Data World, a premier, week-long event that connected the top minds in data analytics for thought-provoking discussions. The conference featured the top minds of today’s most notable data-driven companies across multiple industries, including eCommerce, adtech, telecom, and fintech. Technologists and data leaders represented companies such as Vimeo, AppsFlyer, T-Mobile Netherlands, Gong, Redis Labs, Spot by NetApp, GetYourGuide, Gainsight, Wix, and Vdx.tv at the high-profile event.

The Leader

David Drai, Co-Founder and CEO

Before co-foundingAnodot, he was the CTO of Gett, a mobile app that lets you order a taxi at the push of a button, active in hundreds of cities around the world. At Gett, he was responsible for scaling the company to the next level with expanded architecture.Prior to Gett, he was the CTO of Akamai Technologies. He co-founded Cotendo in 2008.It was a content delivery network and site acceleration services provider that developed software focused on CDN technologies.Cotendo was acquired by acquired by Akamai technologies.

Testimonials

“The motivation for us to look for an AI-driven automated business monitoring tool and to select Anodot for our toolbox was that the existing monitoring and alerting tools were so limited. They were based on hard-coded thresholds that couldn’t cope with our hyper growth.”– Lior Solomon, Head of Data, Vimeo

“Anodot sets itself apart with automatic anomaly detection, and saves us from having to manually set thresholds.” – Pedro Silva, Senior Product Manager, Credit Karma

When issues do arise, Anodot really saves engineers a lot of time and energy in identifying the scope and the source of problems … They really feel they can rely on the platform as a safeguard during scaling or updating of infrastructure.” – Greg Kurzahls, Product Analyst, Pandora

“Anodot monitors all your data in real time for lightning-fast detection of the incidents that impact your revenue.”

“Anodot is an advanced AI platform, built from the ground up to monitor, analyze and correlate 100% of company data in real-time, dramatically enhancing the performance and reliability of your business.”

“Detect anomalies across the business 15X faster. Cut incident-related costs by 70%. Anodot’s patented inference engine lets you know what is happening, where and why as soon as possible, for lightning-fast resolution.”


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