Coalesce: Tackling the Bottleneck Few Talk About
February 1, 2022
Coalesce went stealth, the fancier and more modern techno slang for “going dark,” to work on projects in secret. The company has returned to the light, says Crowd Fund Insider with a robust business plan and product, plus loads of funding: “Coalesce Debuts From Stealth, Attracts $5.92M For Analytics Platform.”
Coalesce is run by a former Oracle employee and it develops products and services similar to Oracle, but with a Marklogic spin. That is one way to interpret how Coalesce announced its big return with its Coalesce Data Transformation platform that offers modeling, cleansing, governance, and documentation of data with analytical efficiency and flexibility. Do no forger that 11.2 Capital and GreatPoint Ventures raised $5.92 million in seed funding for the new data platform. Coalesce plans to use the funding for engineering functions, developing marketing strategy, and expanding sales.
Coalesce noticed that there is a weak link between organizations’ cloud analytics and actively making use of data:
“ ‘The largest bottleneck in the data analytics supply chain today is transformations. As more companies move to the cloud, the weaknesses in their data transformation layer are becoming apparent,’ said Armon Petrossian, the co-founder and CEO of Coalesce. “Data teams are struggling to keep up with the demands from the business, and this problem has only continued to grow with the volumes and complexity of data combined with the shortage of skilled people. We are on a mission to radically improve the analytics landscape by making enterprise-scale data transformations as efficient and flexible as possible.’”
Coalesce might be duplicating Oracle and MarkLogic, but if they have discovered a niche market in cloud analytics then they are about to rocket from their stealth. Hopefully the company will solve the transformation problem instead of issuing marketing statements as many other firms do.
Whitney Grace, February 1, 2022
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