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Cube Secures $25M Funding from Databricks and Bain Capital Ventures for Semantic Layer

Jun 6, 2024, 01:01 PM

Cube, a company specializing in data management, has secured $25 million in funding from Databricks and Bain Capital Ventures to develop its semantic layer platform. This semantic layer aims to enhance data organization and standardization, making it easier for businesses to manage and optimize their data experiences. The funding announcement comes ahead of the Data + AI Summit 2024, where several companies, including Cube, will be presenting their latest innovations. The summit, held at Moscone Center in San Francisco, will feature sessions on various topics, including AI use cases and data trust, with notable speakers such as David Talby, CTO of John Snow Labs, and Pradeep Anandapu from Databricks. Additionally, TechCrunch has highlighted Cube's advancements and the growing adoption of the semantic layer by businesses.