US Software Firm Boomi Acquires Israeli Startup Elementary Data for $43 Million
Translated & summarized from Calcalist by baba
American company Boomi has acquired Israeli startup Elementary Data for $43 million, enhancing its platform with data observability and quality control capabilities. The acquisition, Boomi's third in Israel, will integrate Elementary Data's technology and retain its 17 employees. Boomi's CEO highlighted the importance of reliable data for AI, while Elementary Data's CEO sees an opportunity to establish trusted data as the norm in the AI era.
The story in 5 lines · by baba
- US company Boomi acquired Israeli startup Elementary Data for $43 million.
- Elementary Data specializes in data observability and quality control.
- The acquisition aims to enhance AI reliability through trusted data.
- Boomi plans to expand its operations in Israel and retain all employees.
- This is Boomi's third acquisition in Israel.
American software company Boomi has acquired Israeli startup Elementary Data for approximately $43 million in cash and stock. This marks Boomi's third acquisition in Israel, following previous purchases of Rivery and Lunar.dev. Elementary Data, founded by Maayan Saloom and Or Avidor, both veterans of the elite Unit 8200, specializes in data observability, integrating quality control, data usage management, and enterprise data cataloging.
Their platform helps data teams identify and resolve issues before they impact business reports, models, and AI agents. The acquisition aims to integrate Elementary Data's capabilities into Boomi's enterprise platform, enhancing data reliability for Boomi's over 30,000 global customers. Elementary Data's technology, including its open-source tool with over 1.1 million monthly downloads and its commercial product Elementary Cloud, will continue to operate under Boomi.
Boomi plans to significantly expand its local operations and retain all 17 of Elementary Data's Israeli employees. "AI you can trust starts with data you can trust," stated Boomi Chairman and CEO Steve Lucas, emphasizing how Elementary Data's tools will ensure AI systems operate on reliable data. Maayan Saloom, CEO of Elementary Data, expressed excitement about leveraging Boomi's global reach to make trusted data the standard in the AI era.
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