Anodot Overview
Anodot has developed an autonomous business monitoring solution that uses machine learning to constantly analyze and correlate every business parameter, providing real-time anomaly alerts and contextual forecasts. The companys patented technology enables businesses to slash their mean time to detection (MTTD) and mean time to resolution (MTTR) by as much as 80% and prevent many costly business incidents. Anodots team spans several continents, with headquarters in the U.S. and Israel and with business units dedicated to digital, financial services, and telecommunications. The company was recently named a top machine learning startup to watch by Forbes and CRN.
Cumulative Funding Raised Over Time ($)
$35.0MApr 2020
$38.0MDec 2015
$61.0MDec 2017
$62.5MMay 2014
$72.5MMay 2022
Latest News
growth-positive
UBTECH and Anodot Join Forces to Optimize Azure Cloud Financial Management
Anodot, a leader in cloud cost management, has announced a significant partnership with UBTECH, a leading Israeli MSP and part of One Group. UBTECH has selected Anodots platform for its exceptional anomaly detection capabilities, as well as for gaining complete insights into customer costs and streamlining billing. The partnership will leverage Anodots innovative FinOps solutions to provide UBTECHs clients with advanced tools for cloud cost analysis, budget optimization, and efficient resource utilization. The collaboration aims to expand Anodots footprint in the Israeli and European markets while equipping UBTECH with cutting-edge tools to optimize their clients cloud spend.
Partners
growth-positive
Anodot Partners with AWS ISV Accelerate Program to Optimize Cloud Costs for AWS Customers
Anodot, an AI and business monitoring company, has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program. The partnership will allow Anodot to better support customers in managing their cloud costs. Anodots AI tools, such as CostGPT, provide rapid insights into cloud computing costs, giving AWS customers better control and visibility. Anodot offers comprehensive cost monitoring and optimization capabilities for FinOps teams and stakeholders, strengthening waste prevention. It can help companies save up to 40% by optimizing their cloud spending.
PartnersCustomers
growth-positive
Anodot Partners with ACA Group to Revolutionize MSP Services in Europe
Anodot, a cloud cost management and monitoring platform, has announced a partnership with ACA Group, a leading European Managed Service Provider (MSP). The partnership aims to provide ACA Groups clients with complete visibility into their cloud expenses. ACA Group has switched from CloudHealth to Anodot, gaining personalized support and expertise in navigating FinOps. The partnership will allow ACA Group and its clients to leverage Anodots advanced features, including a user-friendly interface, convenient tailor-made platform access, and the ability to resolve billing and invoicing challenges effortlessly.
Partners
growth-positive
Anodot Unveils CostGPT to Help Businesses Better Manage Cloud Costs - Finovate
Anodot, a Virginia-based analytics and monitoring solutions company, has launched CostGPT, an AI-powered tool that enables businesses to monitor and manage their cloud costs. The tool allows users to interact with their cloud cost data conversationally via chat, providing optimization recommendations and real-time data visualizations. Anodot, which debuted at FinovateEurope 2022, has raised $64.5 million in funding from investors including Alicorn Venture Capital and Redline Capital. The company also recently announced a strategic partnership with DevOps and FinOps services Automat-IT to help consumers maximize their deployments on Amazon Web Services.
CustomersPartnersInvestment
growth-positive
Automat-IT and Anodot Partner to Maximize AWS Value
Automat-IT and Anodot have announced a strategic partnership to help customers maximize the value of their AWS deployments. The partnership will enable customers to plan and execute DevOps and FinOps best practices quickly. Automat-IT serves over 300 startup customers across various verticals, including Fintech, Health, Gaming, and technology. The collaboration between Automat-IT and Anodot will provide startups with high cloud efficiency by providing unprecedented visibility into their cloud environments while helping them save money on operational costs.
PartnersCustomers
| Sector | Business Software |
Funding
| Total funding | $72.5M |
| Last funding | $10M |
| Stage | C |
| Rounds | 5 |
| Investors | 9 |
Team Members
6
Employees: 51-200
Web & Social Links
| Website | www.anodot.com |
| Careers | Careers page |
| App Store | App Store |
| Google Play | Google Play |
Locations
HaSheizaf St 4, Ra'anana, Israel
100 Barangaroo Avenue, Barangaroo NSW, Australia
20130 Lakeview Center Plaza suite 400, Ashburn, VA 20147, USA
197 Oxford St, London W1F 7TY, UK
Photos & Videos
5 item(s)
Anodot Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Business SoftwareIT, R&D & Data SolutionsProduct Development ToolsSoftware Development ToolsData Analysis & Decision SupportIndustrial TechnologiesOperational Optimization SolutionsTarget Customer
EducationConsumersProfessionals & Gig EconomyEnterprise & Professional ServicesIndustrial ManufacturingFinancial ServicesCommerce & RetailCore Technology
Artificial IntelligenceDeep LearningTags (22)
big-data-analyticsdata-visualizationmachine-learningmonitoringdetectionretailersadtechonline-retailersretailsaaspublishersweb-applicationartificial-intelligenceenterprise-solutionsenterprisesbusiness-intelligenceindustry-4.0manufacturing-facilitiesanomaly-detectionpredictive-analyticsnatural-language-processingmobile-applicationsSolutions
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Use Cases
Case StudiesGeographic Markets
GlobalAnodot Financials
$72.5M
Total funding
Undisclosed
Capital raised
$10M
Last funding
C
Funding stage
5
Total rounds
9
Investors
Cumulative Funding Raised Over Time ($)
$35.0MApr 2020
$38.0MDec 2015
$61.0MDec 2017
$62.5MMay 2014
$72.5MMay 2022
Private Equity Funding
Convertible Debt
May 2022
$10M
OurCrowd (Lead)
C Round
Apr 2020
$35M
Intel Capital (Lead)
,
La Maison Partners, SoftBank Ventures Asia, Samsung Next TLV
B Round
Dec 2017
$23M
Redline Capital, Aleph, Disrupt-ive
A Round
Dec 2015
$3M
Disrupt-ive
Seed
May 2014
$1.5M
Disrupt-ive, 83North
Mergers & Acquisitions
MNAEvent
Nov 2021
Undisclosed
Anodot Lifecycle
Cumulative Funding Raised Over Time
$35.0MApr 2020
$38.0MDec 2015
$61.0MDec 2017
$62.5MMay 2014
$72.5MMay 2022
All Events
Convertible Debt
May 2022
$10M
OurCrowd (Lead)
C Round
Apr 2020
$35M
Intel Capital (Lead)
,
La Maison Partners, SoftBank Ventures Asia, Samsung Next TLV
B Round
Dec 2017
$23M
Redline Capital, Aleph, Disrupt-ive
A Round
Dec 2015
$3M
Disrupt-ive
Seed
May 2014
$1.5M
Disrupt-ive, 83North
MNAEvent
Nov 2021
Undisclosed
Anodot News
36 articles
growth-positive
UBTECH and Anodot Join Forces to Optimize Azure Cloud Financial Management
Anodot, a leader in cloud cost management, has announced a significant partnership with UBTECH, a leading Israeli MSP and part of One Group. UBTECH has selected Anodots platform for its exceptional anomaly detection capabilities, as well as for gaining complete insights into customer costs and streamlining billing. The partnership will leverage Anodots innovative FinOps solutions to provide UBTECHs clients with advanced tools for cloud cost analysis, budget optimization, and efficient resource utilization. The collaboration aims to expand Anodots footprint in the Israeli and European markets while equipping UBTECH with cutting-edge tools to optimize their clients cloud spend.
Partners
growth-positive
Anodot Partners with AWS ISV Accelerate Program to Optimize Cloud Costs for AWS Customers
Anodot, an AI and business monitoring company, has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program. The partnership will allow Anodot to better support customers in managing their cloud costs. Anodots AI tools, such as CostGPT, provide rapid insights into cloud computing costs, giving AWS customers better control and visibility. Anodot offers comprehensive cost monitoring and optimization capabilities for FinOps teams and stakeholders, strengthening waste prevention. It can help companies save up to 40% by optimizing their cloud spending.
PartnersCustomers
growth-positive
Anodot Partners with ACA Group to Revolutionize MSP Services in Europe
Anodot, a cloud cost management and monitoring platform, has announced a partnership with ACA Group, a leading European Managed Service Provider (MSP). The partnership aims to provide ACA Groups clients with complete visibility into their cloud expenses. ACA Group has switched from CloudHealth to Anodot, gaining personalized support and expertise in navigating FinOps. The partnership will allow ACA Group and its clients to leverage Anodots advanced features, including a user-friendly interface, convenient tailor-made platform access, and the ability to resolve billing and invoicing challenges effortlessly.
Partners
growth-positive
Anodot Unveils CostGPT to Help Businesses Better Manage Cloud Costs - Finovate
Anodot, a Virginia-based analytics and monitoring solutions company, has launched CostGPT, an AI-powered tool that enables businesses to monitor and manage their cloud costs. The tool allows users to interact with their cloud cost data conversationally via chat, providing optimization recommendations and real-time data visualizations. Anodot, which debuted at FinovateEurope 2022, has raised $64.5 million in funding from investors including Alicorn Venture Capital and Redline Capital. The company also recently announced a strategic partnership with DevOps and FinOps services Automat-IT to help consumers maximize their deployments on Amazon Web Services.
CustomersPartnersInvestment
growth-positive
Automat-IT and Anodot Partner to Maximize AWS Value
Automat-IT and Anodot have announced a strategic partnership to help customers maximize the value of their AWS deployments. The partnership will enable customers to plan and execute DevOps and FinOps best practices quickly. Automat-IT serves over 300 startup customers across various verticals, including Fintech, Health, Gaming, and technology. The collaboration between Automat-IT and Anodot will provide startups with high cloud efficiency by providing unprecedented visibility into their cloud environments while helping them save money on operational costs.
PartnersCustomers
growth-positive
Anodot Reveals Results of the 2023 State of Cloud Cost Report
Anodot has released its annual Cloud Cost Report, revealing that respondents have reduced cloud waste by 46% compared to the previous year. The report is based on data from over 1,000 Anodot customers and provides insights into industry trends, challenges, and successes. It highlights the increasing use of third-party solutions for optimizing cloud environments and the growing challenge of gaining accurate insights into cloud costs. Anodots CEO, David Drai, emphasized the growing recognition of the need for proactive AI techniques in managing cloud costs.
Customers
growth-negative
Anodot laying off 20% of team in second round of layoffs | CTech
Anodot, a business monitoring company, is laying off 20% of its workforce, approximately 15 out of 80 employees. This is the second round of layoffs in the past year, with the company having let go of 35 employees last July. The layoffs are part of the companys move towards financial independence and efficiency in response to the global market situation. Despite the layoffs, the company aims to maintain its service quality and innovation. Anodot has raised a total of $62.5 million from various investors since its inception in 2014.
LayoffsManagement Changes
Growth-Negative
Anodot lays off more than a quarter of its workforce CTech
Anodot, a business monitoring company, is laying off 35 employees, which is around 27% of its total workforce. The layoffs will affect various departments within the company. The company has raised a total of $62.5 million from investors to date. The layoffs are due to the global economic situation affecting the companys ability to operate. The company is undergoing organizational changes to reach profitability. The company has no plans for another round of layoffs.
LayoffsManagement Changes
Snow Software and Anodot Partner to Transform Cloud Cost Management
Anodot Recognized in 2022 Gartner® Market Guide for AI Offerings in CSP Network Operations
Cellcom Selected Anodot's Zero Touch Solution to Boost Service Availability and Deliver the Ultimate Customer Experience
Anodot acquiring fellow Israeli cloud startup Pileus
Anodot Announces Record Business Momentum in 2020
growth-positive
Israeli data analytics co Anodot raises $35m
Israeli data analytics company Anodot has raised $35 million in a Series C financing round. The round was led by Intel Capital and saw participation from SoftBank Ventures Asia, Samsung NEXT, and La Maison. This brings Anodots total funding to $62.5 million. The companys autonomous business monitoring platform uses unsupervised machine learning to monitor an organization’s business metrics and proactively alert on potential issues. The platform tracks more than 400 million metrics daily, driving four billion autonomous decisions.
InvestmentExpand
growth-positive
COVID-19 Online Tracker Now Available to Global Public
Anodot, a company specializing in autonomous monitoring, has launched a public service that tracks locally reported COVID-19 cases and alerts users when there is a significant change in a regions numbers. The service uses machine learning algorithms to analyze publicly available data from The Center for Systems Science and Engineering at Johns Hopkins University. The companys CEO, David Drai, stated that the service was created in response to employee concerns about the viruss growth in their home cities. The service is available to the public via email alerts or through Anodots Twitter account.
Customers
growth-positive
Anodot Expands Relationship With Amazon Web Services Enabling Customers to Monitor Business Metrics in Real Time
Autonomous Business Monitoring company, Anodot, has announced an expansion of its relationship with Amazon Web Services (AWS). This will allow users to use Anodots business monitoring capabilities with various AWS services. Customers can use Anodots solution to identify business issues and correlate them to their root cause. The solution also allows users to monitor revenue, cost, partners, and customer experience in real time. Natural Intelligence is one of the many companies using Anodot and AWS to gain deeper insights into their data.
PartnersCustomers
growth-positive
Anodot's New Patent Enables Accurate and Instant Insights, Furthering the Company's Vision of Completely Autonomous Business Operations
Autonomous Analytics company, Anodot, has announced that it is in the process of being granted a new patent by the United States Patent and Trademark Office. The patent is for a system that enables Anodot customers to receive real-time and accurate alerts on business incidents. The system reduces the estimation time of millions of time series metrics, which is necessary for discovering business-related incidents. This ensures that Anodot customers receive extremely accurate anomaly detection based on patterns for billions of time-series data measured continuously.
Customers
growth-positive
Deloitte Leverages Anodot for Real-Time Autonomous Analytics
Autonomous analytics company Anodot has announced a strategic alliance with Deloitte Australia to enhance real-time analytics capabilities. Deloitte will use Anodot’s AI/ML solution to expand its Consulting Analytics & Cognitive practice’s portfolio of AI-powered service offerings. The collaboration combines Anodot’s anomaly detection capability with Deloitte’s business advisory, data and analytics capability to help businesses proactively identify and fix anomalous business and technical incidents. Anodots autonomous analytics rapidly analyze data across all sources in real-time, detecting risks before they reach customers.
PartnersExpand
growth-positive
Anodot Accelerates Time To Value with True Self-Service Autonomous Analytics in Real-Time
Autonomous analytics company Anodot has announced the enhancement of its AI/ML solution with the addition of dozens of inbound data collectors. This will allow its customers to benefit from self-service detection of business incidents in real-time. The companys integration partners, which include PagerDuty, Slack, Google BigQuery, Amazon Redshift, and others, are growing 1000 percent year over year. Anodots expanding customer base includes Via, Overstock, and Openx. The companys tools are simple to integrate and provide instant alerts for any discrepancies or spikes in data.
CustomersPartnersExpand
growth-positive
AppNexus Mobilizes Anodot's Autonomous Analytics to Improve Service
Anodot, an autonomous analytics platform, is being used by AppNexus, a Xandr company, to detect and resolve business incidents in real-time. The platform alerts customer-facing teams of problems that impact customers revenue-generating ads. AppNexus, a leading internet technology company, generates 250 terabytes of data each day, including 7 million impression events per second. Anodot enables AppNexus analysts to track and correlate massive volumes of business and IT data in real-time to identify business incidents and investigate root causes immediately.
PartnersCustomers
growth-positive
Anodot's New Patents Ensure Fast and Accurate Autonomous Analytics for Better Data-Driven Insights
Autonomous analytics company, Anodot, has been granted two patents by the United States Patent and Trademark Office. The patents recognise the innovations that have made Anodot a leader in autonomous analytics. The companys patented algorithms swiftly pinpoint the scope and source of problems within large amounts of data, delivering faster detection and root cause analyses than traditional business intelligence (BI) tools and dashboards. Anodots technology uses machine learning and artificial intelligence to identify business incidents that other BI tools would not find, giving their customers a competitive edge.
CustomersInvestment
growth-positive
Waze to Integrate Business Analytics Technology by Israeli Anodot
Google-owned mobile navigation app developer Waze will integrate business analytics technology from Israeli startup Anodot Ltd. into its app. Anodot provides artificial intelligence-based data analytics to e-commerce, retail, internet and mobile enterprises, enabling real-time data tracking and performance improvement. The company was founded in 2014 and has raised $27 million to date. Anodot and Waze had a limited commercial relationship previously, but this will be the first time Anodots platform will be incorporated into Wazes popular app. Other Anodot clients include Microsoft, Foursquare, Lyft, and Wix.
PartnersCustomers
growth-positive
Anodot Opens UK Operations With London Leadership, Customers, Partners
Autonomous analytics company Anodot has announced the opening of a new office in London, UK. The company has also appointed Steve Morse and Bally Pal as its first UK Sales Directors. Anodot has already established a significant market presence in the region, with customers including Waze and MoreNiche. As part of its growth strategy, Anodot is working with Amazon Web Services (AWS) in the UK, building on its existing relationship as an AWS Advanced Technology Partner. Anodots autonomous analytics platform works across data silos and teams to uncover blind spots and root causes that could otherwise damage a companys revenue or reputation.
CustomersPartnersManagement ChangesExpand
growth-positive
Gaming Giants Win Big Data Challenge With Anodot to Keep Millions of Players in the Game - Anodot
AI-powered analytics company Anodot has been recognised as a leading anomaly detection platform for the gaming industry. The company will showcase its solution at the Game Developers Conference in San Francisco. King, a leading interactive entertainment company, will present how Anodots AI-driven data analytics has impacted its player engagement and revenues. Anodots solutions have been deployed at King and other gaming powerhouses. Anodot enables online and mobile gaming companies like King to detect and diagnose game-specific issues early, resolve them quickly and take preemptive action to avoid reputational or revenue damage.
CustomersPartners
growth-positive
Anodot Raises $23M, Triples Revenues
AI-powered analytics firm Anodot has raised $15m in a series B funding round, bringing its total funding to $23m. The round was led by Redline Capital Management, with participation from Aleph Venture Capital and Disruptive Technologies Venture Capital. Anodot, which tripled its revenues in the past year, plans to use the funds to open offices in London and APAC, expand its US team, and invest in sales, marketing and customer success. The companys customers include Foursquare, Lyft, Microsoft, Upwork and Waze.
InvestmentExpand
growth-positive
Anodot AI Analytics for Retail to Gain Online Retailers Millions in Otherwise Lost Revenue
AI-powered analytics company, Anodot, has launched AI Analytics for Retail ahead of the holiday shopping season. The system is designed to help companies increase profits by identifying glitches that could cost retailers significant revenue. The system uncovers hidden insights in business data, identifying outliers in key performance indicators, correlating across multiple sources, and providing valuable real-time insights. Anodots system also automatically alerts about any abnormal data behaviors on your site, app, or in-store and notifications can be received through Slack, SMS, Pager Duty, or Email.
CustomersExpand
Growth-Positive
Anodot Wins Ventana Research Digital Innovation Award for Best Innovation in Analytics
AI-powered analytics company Anodot has been declared the winner of the 2017 Digital Innovation Awards in the Analytics category by Ventana Research. The award recognises technology providers that have introduced significant innovations in technology that advance business and IT. Anodots technology was recognised for its ability to uncover hidden insights in vast amounts of business data by identifying outliers in key performance indicators and correlating across multiple data sources. Anodots AI analytics solution can track highly complex data patterns with its unsupervised machine learning algorithms.
Customers
growth-positive
Face it, AI is better at data-analysis than humans
Anodot, a real-time analytics company, is using advanced machine-learning algorithms to overcome the limitations that humans bring to data analysis. The companys AI can analyze all your data and provide more answers than you’ve got questions for, and the e-commerce businesses that don’t integrate machine-learning into data analysis will lose money. Anodots AI is unsupervised, which accesses deep-learning, to autonomously find new ways to categorize and understand data. The companys customers include Microsoft, Google Waze, and Comcast.
Customers
growth-positive
Has Anodot Defined the Principles of General-Purpose AI?
Anodot, an AI-powered company, is offering a general purpose AI solution that works for multiple environments and use cases. The companys AI system is data agnostic and is designed to detect anomalies in time series data. It uses an ensemble approach to identify as many anomalies as possible within a given dataset and then evaluates them, assigning them a score and correlating them. The anomalies are then presented to the users in a data analysis environment so that they can be sifted, sorted, grouped and have analytics applied. The companys approach is user-assisted AI, where the user tunes the system over time.
CustomersPartners
Growth-Positive
Amir Kupervas, Head of IoT Strategy at Anodot talks Predictive Maintenance, Industry 4.0 and IIoT - IoT Tech Expo
Anodot, a real time analytics and data provider, is aiming to revolutionise the way businesses operate by using its anomaly detection toolset to predict and prevent problems before they occur. The toolset sifts through large amounts of data to find outliers, providing businesses with valuable insights without the usual time delays. Anodots head of IoT strategy, Amir Kupervas, believes that the Industrial Internet is at a major tipping point, with industries such as manufacturing and automotive starting to realise the potential of fully automated factories. Despite challenges such as security and standardisation, Kupervas is optimistic about the future of the industry.
CustomersExpand
Inside Anodot's Anomaly Detection System for Time-Series Data
growth-positive
Anodot Rapid First Year Growth Outpaces Typical B2B Startups
Anodot, a real-time business incident detection and analytics company, has released its 2016 performance indicators, showing significant growth and market acceptance. Since its launch a year ago, Anodot has added new customers, increased bookings, and expanded operations and personnel. The company has also opened new offices in Silicon Valley and Europe, tripled its headcount, and appointed two key management members. Anodots product uses patented machine learning algorithms to analyze business data and provide insights. The companys customers include data-driven companies in online retail, fintech, adtech, online/mobile games, and the industrial Internet of Things.
CustomersExpand
growth-positive
Israeli anomaly detection co Anodot raises $8m
Israeli anomaly detection and real-time business analytics company Anodot has raised $8 million in a funding round led by Aleph Venture Capital and Disruptive Technologies L.P. The funds will be used to expand Anodots global sales and operations and meet demand for its service. Anodots product has been implemented by dozens of customers, including several Fortune 500 companies, to prevent crises and drive revenues. The companys SaaS solution is capable of identifying and notifying customers about issues in mere minutes.
InvestmentCustomersExpand
growth-positive
A Real-Time Analytics Tool Keeps Business Running
Credit Karma, a financial services broker and information source, has partnered with Anodot, a real-time analytics and anomaly detection system, to improve its product rollout process. Credit Karma, which serves over 60 million members, relies on its sites features and products to generate revenue. However, the company found it challenging to manually track the impact of each feature release on every page, vertical, platform, and partner. Anodots platform, which uses time-series-based machine learning to determine normal patterns and anomalies, has been embraced by three different teams within Credit Karma, with more teams slated to be onboarded.
Partners
4 Israeli Startups Making Waves in The Bay Area
growth-positive
Israeli anomaly detection co Anodot raises $3m
Anodot, a big data startup based in Raanana, has exited stealth and introduced its real-time anomaly detection solution. The company also announced that it had closed a $3 million Series A funding round led by Disrupt-ive Partners, bringing total funding in the company to $4.5 million. The funds will be used to accelerate its product roadmap and expand its sales activity, focusing on the ad tech, e-commerce, IoT and manufacturing industries in the US and EMEA. Anodots platform isolates issues and correlates them across multiple parameters to surface and alert on incidents in real time.
InvestmentExpand
Anodot Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 87 |
| Team members | 7 |
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Admin Info
| Confidence | 102/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515072825 |
| Crunchbase | anodot |
| Phone | +97297718707 |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2023-12-10T00:00:00.000Z |
| Created | 2015-01-04T00:00:00.000Z |
| Claimed | Yes |