The big data and data engineering market is still going extremely strong, growing at over 17% annually. However, the huge increase in available data has caused something of a problem for enterprises, many of which struggle to ensure the quality of their data stores and end up with sub par data flows.
Nexla, which provides automation and low / no-code tooling to help enterprises streamline data operations, finds itself in a very strong position in the market, with an impressive customer list including LinkedIn, Janssen, Instacart, and DoorDash.
Nexla is already well-established in its industry having been founded in 2016. In 2022, Nexla acquired Fidap, a startup that offers clean data for advanced analytics and machine learning. In 2023 it launched its Private Data Product Marketplace to help organizations repurpose data products, showing how Nexla is determined to add to its offering to maintain its upward momentum.
Freddie
Company Specialist at Welcome to the Jungle