As per the European media report, Alibaba has acquired the Berlin-based startup Data Artisans for $103.3 million.
Earlier, data Artisans raises two rounds of funding in 2014 and 2016 from investors including btov Partners, Tengelmann Ventures and Intel Capital. . The total value of funding was $7.5 million.
Founded in 2014 and headquartered in Berlin, Data Artisans’ platform provides a turnkey streaming solution for businesses, enabling them to manage and deploy live data applications so they can react to data instantaneously, and make better and faster business decisions.
Global companies including ING, Netflix, and Uber use Data Artisans’ platform Apache Flink to power large-scale applications for real-time analytics, machine learning, search and content ranking, and fraud detection.