Deepnote Acquires Hyperquery; Enabling Organizations to Democratize AI and Data Analytics
29 Julio 2024 - 10:00AM
Business Wire
Deepnote's acquisition of its former direct competitor
follows a year of rapid growth, underscoring commitment to deliver
the most user-friendly and collaborative data platform.
Deepnote, the AI-powered data workspace, announced its
acquisition of Hyperquery, a competitor in the data science and
analytics space. This acquisition marks a significant step in
Deepnote's mission to become the centerpiece of data
democratization.
Deepnote has redefined collaborative data analysis by building a
data workspace that enables team members to share their work and
receive feedback in real-time. This collaborative approach reduces
time spent on back-and-forth communications and allows faster
feedback loops, resulting in quicker delivery of data products.
Next to its powerful collaboration tools, Deepnote is celebrated
for its delightful user experience. Deepnote ensures that both
experienced data professionals and decision-makers can navigate the
platform with ease. Its intuitive interface, seamless integration
capabilities, and built-in collaboration features make it a
favorite among users, enhancing productivity and satisfaction.
Newly introduced AI assistants significantly accelerate the
analysis workflow and enable advanced data analytics to more junior
or even non-technical teams.
“We are witnessing a massive shift in the market with the rise
of AI computing leading to the democratization of data analysis,
and ultimately the creation of a new kind of a user interface — a
data notebook,” said Jakub Jurovych, Co-Founder & CEO of
Deepnote. “A similar radical shift happened once before when the
rise of personal computing in the 1980s led to the creation of a
new kind of user interface — a spreadsheet. We see notebooks are
becoming the natural successor to spreadsheets thanks to their
versatility, natural integration with AI agents, and ability to
create advanced data apps and models that would be impossible to
build in Excel. Since starting Deepnote, we have been the leading
AI-native data notebook and we are here to win this category.
That's why we are buying our closest competitor — Hyperquery.”
Deepnote, backed by Index Ventures, Accel, Y Combinator, and
Credo Ventures, has experienced rapid growth, achieving a 3x
increase in revenue over the past year. The platform is trusted by
leading companies such as Ramp, Motive, SoundCloud, Gusto, and
Webflow, showcasing its capability to meet the diverse needs of
top-tier organizations. The Hyperquery clients, including
Docplanner, Output, and Zeeto, will be seamlessly migrated to
Deepnote’s platform.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240729061332/en/
Jakub Jurovych CEO / Founder jakub@deepnote.com