Companies today need to distill massive amounts of data--say, a bank’s withdrawals or deposits--to find trends and make predictions. Consider how a bank knows when to raise red flags if odd purchase behavior gets registered. Businesses hire data scientists to turn copious amounts of data into actual knowledge that they can make decisions with. That’s where Pachyderm’s open-source software comes in. It offers version control and gives users a snapshot of how data looked at any given time--an especially valuable tool in today’s GDPR age, when citizens increasingly have the right to ask how their data is being used.
Although the core package is open source and free to use, many businesses pay for the enterprise edition of the software, purchased with a yearly plan, which provides increased security features, as well as advanced analytics and support from the Pachyderm team. Joey Zwicker and Joe Doliner, Pachyderm’s co-founders, have raised more than $12 million from investors like Benchmark, Blumberg Capital and Susa Ventures. -- Talib Visram