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{"id":29986,"date":"2023-04-25T21:40:07","date_gmt":"2023-04-25T21:40:07","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/04\/25\/bobsled-raises-17m-series-a-to-make-cross-cloud-data-sharing-easier\/"},"modified":"2023-04-25T21:40:08","modified_gmt":"2023-04-25T21:40:08","slug":"bobsled-raises-17m-series-a-to-make-cross-cloud-data-sharing-easier","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/04\/25\/bobsled-raises-17m-series-a-to-make-cross-cloud-data-sharing-easier\/","title":{"rendered":"Bobsled raises $17M Series A to make cross-cloud data sharing easier"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/25\/bobsled-raises-17m-series-a-to-make-cross-cloud-data-sharing-easier\/<\/a><\/br>
\nBobsled raises $17M Series A to make cross-cloud data sharing easier<\/br>
\n2023-04-25 21:40:07<\/br><\/p>\n

\n

Bobsled, a startup that is building a cross-cloud data sharing platform, today announced that it has raised a $17 million Series A funding round co-led by Greycroft<\/a> and Madrona Venture Group<\/a>. This round follows a $7 million seed round led by .406 Ventures<\/a>. In this most recent round, Bobsled\u2019s valuation was $87 million.<\/p>\n

Prior to founding Bobsled in late 2021, the company\u2019s CEO and co-founder Jake Graham<\/a> was a principal product manager at Microsoft Azure, working on the Azure Data Exchange. Graham, who also previously worked at Neo4j and Intel, believes that data sharing is going to be a fundamental change in the analytics landscape.<\/p>\n

\u201cIt\u2019s the next evolution of how companies actually get access to the data that they need to drive machine learning analytics, data science, what have you,\u201d he said. \u201cI\u2019ve been building in the data infrastructure space for about a decade and that APIs and SFTP were the way in which data moved was just one of those things that I accepted. It wasn\u2019t until I really started digging into it that I was: it shouldn\u2019t be. This doesn\u2019t make a lot of sense. These are built for a previous paradigm of data.\u201d<\/p>\n

\"Illustration<\/a><\/p>\n

Image Credits:<\/strong> Bobsled<\/p>\n<\/div>\n

Graham also believes that it\u2019s important for the clouds and data platform to create the building blocks of what a native sharing protocol should look like.<\/p>\n

\u201cIf you believe that data sharing is the way the world is going to go and that there\u2019s going to be much more active collaboration on data between source and destination, you kind of need there to be something that brings all of these different platforms together, because there\u2019s not one right cloud, there\u2019s not one right data warehouse, there\u2019s not one right layer of the stack for it to make data sharing happen,\u201d he said.<\/p>\n

Bobsled, unsurprisingly, believes that it can be this neural, third-party data sharing platform that can allow businesses to connect their various data sources in a more native way. The service uses each platform\u2019s sharing protocol and then connects the various sources and helps businesses prepare the datasets for querying them.<\/p>\n

\"The<\/a><\/p>\n

Image Credits:<\/strong> Bobsled<\/p>\n<\/div>\n

Some of the common use cases here are SaaS applications that may want to share application data from AWS S3 into a customer\u2019s Azure storage, for example, or a data team that wants to move sales data from Azure to S3 for analysis.<\/p>\n

Obviously, there are other companies that focus on this kind of data transfer and data transformation space. But Graham believes that with these ELT platforms like Fivetran, the consumer still has to do too much work. \u201cA lot of what actually is being done by ELT platforms should be done by the source of the data,\u201d he said. \u201cSo we\u2019re shifting left a lot of that. If you pull apart the letters, extract: you\u2019re doing that because it\u2019s not being shared with you. Load? Same thing. If you\u2019re getting a share within Databricks, you\u2019re not loading into anything.\u201d As for transforming data, he noted that most of the time, the data is in a transactional data model that needs to be formatted for analysis and the source should transform that data \u2014 though he believes that transforming the data from multiple data sources to match a given scheme is always going to be up to the consumer.<\/p>\n

\u201cI wouldn\u2019t call us directly an ELT product yet because we\u2019re different enough, but I think that\u2019s the closest thing to the category that we\u2019re building. It\u2019s just a different user,\u201d Graham explained.<\/p>\n

The company plans to use the new funding to build out its platform, mostly with a focus on support for more data sources (including old-school SFTP sources).<\/p>\n

\u201cThe promise of AI only heightens the urgency and increases the priority for companies to realize the value of their data,\u201d said Madrona Managing Director S. Somasegar. \u201cEven within enterprises and amongst partners, that data is now spread across platforms not designed to work together. Bobsled<\/span>\u2018s unique cross-cloud data sharing focus will unlock the value of data that has been complex, slow and expensive to access until now.\u201d<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/04\/25\/bobsled-raises-17m-series-a-to-make-cross-cloud-data-sharing-easier\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/25\/bobsled-raises-17m-series-a-to-make-cross-cloud-data-sharing-easier\/ Bobsled raises $17M Series A to make cross-cloud data sharing easier 2023-04-25 21:40:07 Bobsled, a startup that is building a cross-cloud data sharing platform, today announced that it has raised a $17 million Series A funding round co-led by Greycroft and Madrona Venture Group. This round follows a $7 million seed round led by […]<\/p>\n","protected":false},"author":1,"featured_media":29987,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-29986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nBobsled raises $17M Series A to make cross-cloud data sharing easier - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/04\/25\/bobsled-raises-17m-series-a-to-make-cross-cloud-data-sharing-easier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bobsled raises $17M Series A to make cross-cloud data sharing easier - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/04\/25\/bobsled-raises-17m-series-a-to-make-cross-cloud-data-sharing-easier\/ Bobsled raises $17M Series A to make cross-cloud data sharing easier 2023-04-25 21:40:07 Bobsled, a startup that is building a cross-cloud data sharing platform, today announced that it has raised a $17 million Series A funding round co-led by Greycroft and Madrona Venture Group. 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