UPDATED 14:00 EDT / DECEMBER 19 2017

BIG DATA

Anodot, the startup helping Microsoft and Lyft analyze their data, raises $15M

When a server or a piece of industrial equipment starts displaying unusual behavior, it can take a while for the issue to be spotted even if administrators have access to diagnostics data from the system and the appropriate monitoring software. Tel Aviv-based Anodot Ltd. is using artificial intelligence to speed up the process.

The startup’s AI-driven approach to analytics has helped it land major customers such as Microsoft Corp. and Lyft Inc., as well as a fresh $15 million funding round that was announced this morning. The investment, from a consortium led by Luxembourg-based venture capital firm Redline Capital Management, will be used to fuel market expansion.

The startup provides a machine learning platform that it says can immediately identify anomalies in website activity logs, machine telemetry and other fast-moving data, as well as determine their significance. Anodot performs the task in phases.

First, the platform examines how big of a departure a system makes from its normal behavior and measures the duration of the incident. The built-in machine learning algorithms then enrich the information with various contextual details, including data about any other unusual events that may have been detected. The results are used to assign a score to the issue that serves as an indicator of severity.

A sudden decrease in website traffic from one particular country, for example, might be treated as a simple usage fluctuation. But if Anodot identifies similar drops across other geographies, it would treat the incident much more seriously. The platform brings potential issues to administrators’ attention with an alerting mechanism that can plug into outside operational tools.

According to Anodot, its technology can flag problem patterns that are not always possible to find manually or would take a significant amount of time to uncover. Faster anomaly detection in turn means that companies can react to important developments faster.

Anodot said its platform’s capabilities can apply to a wide range of areas. The startup sees use cases in ecommerce, online ad delivery, telecommunications and the industrial sector, among others.

Companies in these fields are taking note: Anodot claims to have more than tripled revenues over the past year. It intends to “invest significantly in sales, marketing and customer success” going forward to drive more growth, as well as step up feature development.

Image: Unsplash

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