News & Insights
Blumberg Capital portfolio news, startup growth resources and industry insights
IBM Acquires Databand to Bolster its Data Observability Stack
Jul 6, 2022
IBM today announced that it acquired Blumberg Capital portfolio company Databand, a startup developing an observability platform for data and machine learning pipelines. Details of the deal weren’t disclosed, but Tel Aviv-based Databand had raised $14.5 million prior to the acquisition. In a statement, IBM general manager for data and AI Daniel Hernandez said that folding Databand into IBM’s broader portfolio would help the latter’s customers better identify and fix data issues including errors, pipeline failures and poor quality.