HillsThe governance platform of data based in Brussels is the latest company to acquire at the data company in order to expand its offer in the AI age.
Thursday, the annually caliber its acquisition of RaitStartup of access to data founded in 2021. Raito, also located in Brussels, helps companies to manage which employees and customers have access to internal data.
Calibra refused to comment on the terms of the agreement. Raito previously had collected $ 4 million in venture capital funding from investors, included Dawn Capital, Crane Venture Partners and Hills itself.
Felix Van De Maele, founder and CEO of Caribra, told Techcrunch that while the management of access to data is not a new problem for companies, it is becoming a bigger headache for data teams since more departments seek access for artificial intelligence agents and work flow automation.
“We heard from our customers and a large organization that the management of access to data to the scale has become a big problem,” said Van De Maele. “That’s why traditional approaches are no longer reduced. They are too fragile. They are manual work flows, [based on] Static police. “
Van De Maele has added that the eye drops already has a similar product, Crilibra Protect, which touches these access checks but focused primary on maintaining private data. Raito’s technology will help the strengthening caliber and the offer automaton.
Raito is not the only company focused on access to data. Legacy companies such as Sailpoint and Secureauth are just some of the companies that also offer data access tools. Van De Maele said that the purchase of Raito was the right choice for the company, instead of celebrating with a Legacy player, because Raito is native and built for the current moment.
That Raito was four who was in the shape of a formation that the hills used was not high.
“We too [were] Looking for teams who want to continue building, right? It is not the end for this, “said Van De Maele.” It is precisely the beginning of this day. “
This is only the latest acquisition of a data company aimed at facing a data government void while companies try to support their stack for artificial intelligence innovation. Last weekend, Salesforce announced his intention Acquire computer For the same reason. At the beginning of May, both Wing AND Services Similar acquisitions.
Van De Maele added that progress in artificial intelligence made people understand how fragmented their data stacks, since many players have flooded the market in the last decade with single -point data solutions.
“That fragmentation of governance … has really become a big problem, and so for this reason that we were excited to acquire Raito and make it really part of Crilibra, our unified governance platform for data and artificial intelligence,” said Van De Maele.
CILLIBRA was founded in 2008 as the first actor in the data government sector. Since then the company has collected almost 600 million dollars in risk capital from companies include Index Ventures, Sequoia and Tiger Global, between Ower. The company works with Enterprises that included Heineken, Credit Suisse and Sap.
