Persistent invests in the first fully-managed Big Data as a Service firm Cazena

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Cazena aims to accelerate enterprises’ ability to leverage analytics, machine learning, and artificial intelligence, without hiring or re-training their workforce.

Pune, India based technology services company, Persistent Systems has recently announced an undisclosed investment in Cazena, a big data as a service firm headquartered in Waltham, Massachusetts. The investment was part of a $10mn round that included other investors like Andreessen Horowitz, Formation 8, and Northbridge Venture Partners, among others.

As part of the investment round, Cazena has collaborated with Persistent Systems to further extend the cloud Data Lake to include self-service data discovery and data services for enterprises that do not have data engineering or machine learning (ML) skills.

Cazena enables Persistent extend its innovative solutions in analytics and ML

AnandDeshpande, Managing Director, Persistent Systems, stated, “Persistent consistently drives forward rapid digital transformation for our enterprise clients. Partnering with Cazena enables us to extend innovative solutions for analytics and ML for our customers. We are excited to announce the new Self-Service Data Lake, a combination of Cazena’s Big Data as a Service with Persistent’sShareInsights analytic solutions and our ML/AI data services. This solution provides enterprises immediate and actionable access to data to help unlock the ‘how’ of digital transformation.”

Cazena is the industry’s first fully-managed Big Data as a Service with built-in DevOps for analytics. The company has gained significant traction as enterprises face massive skills shortages in big data, cloud and associated development operations, or ‘DevOps’. Moreover, Cazena’s flagship solution is its fully-managed and automated cloud Data Lake, which offers a SaaS-like experience for analytics and business teams, with enterprise features for IT.

PratMoghe, CEO, Cazena, said, “Since going GA last year, we have seen a 300% growth in our business. Our goal is to accelerate enterprises’ ability to leverage analytics, machine learning, and artificial intelligence, without hiring or re-training their workforce. This round reinforces the support of our existing investors and we are excited to announce our strategic partnership with Persistent.”

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