Nasdaq-listed NetApp to incorporate technology by Israeli startup Iguazio
Iguazio offers data management services and artificial intelligence tools designed to improve the performance, security, and scalability of machine learning applications
Nasdaq-listed cloud data services company NetApp Inc. will integrate technology developed by Israel-based big data management startup Iguazio Systems Ltd., the latter announced Wednesday. NetApp will use the artificial intelligence systems of the Israeli company to help data analysis and storage optimization for its customers.
The value of the transaction to the Israeli company is valued at millions of shekels.
NetApp’s technology analyzes data to identify faults before they occur to optimize and improve its customers' storage solutions around the world. The company wanted to build a digital advisor that uses artificial intelligence to continually generate insights into the quality and performance of its equipment.