Announced
Completed
Synopsis
Cloudera, a data company for trusted enterprise AI, completed the acquisition of the operational AI platform of Verta, a startup building software infrastructure to help enterprise data science and machine learning teams rapidly develop and deploy ML models. Financial terms were not disclosed. “The future of data management is AI; they go hand-in-hand. Cloudera is acquiring Verta’s AI Operational 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, Cloudera CEO.
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