SQream acquires no-code data platform Panoply

Excerpt from techcrunch.com

SQream, a well-funded Israel-based data analytics platform, has announced that it has acquired no-code data platform Panoply in an effort to expand its cloud services.

“This is a significant step towards implementing SQream’s vision to provide our customers with the fastest data analytics platform in the industry, at any scale of data for multi-size enterprises, and in any environment — cloud, on prem and on the edge,” said SQream co-founder and CEO Ami Gal. “With Panoply’s acquisition, we are combining SQream’s GPU-powered, cutting-edge technology with Panoply’s phenomenal ease of use and seamless integration and onboarding. This is a huge milestone on our journey to provide the world with the new category of analytics platform that is ready for tomorrow’s data challenges.”

Panoply raised $24 million in outside capital since its inception in 2015. Investors include the likes of Ibex Investors and C5 Captial, which led the company’s $10 million round in 2020, as well as Blumberg Capital, 500 Startups, FundersGuild and Intel Capital. The two companies did not disclose the price of today’s acquisition.

Panoply will continue to operate as a separate business unit, but as Panoply co-founder and CEO Yaniv Leven notes in today’s announcement, the acquisition means that the 160+ strong team will now have access to additional resources and expertise. SQream says it has “ambition growth plans” for the service in order to meet demand for the platform’s services.

 

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