The Jerusalem PostTech
Israeli Startup Elementary Data Acquired by Boomi for $45 Million
Summarized from The Jerusalem Post by baba
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American company Boomi is acquiring Israeli data-monitoring startup Elementary Data for about $45 million. Founded by Unit 8200 alumni, Elementary Data helps businesses identify and fix data failures in real-time. The acquisition is Boomi's third of an Israeli firm this year, and Elementary's employees will continue working under Boomi, which plans to expand in Israel. The deal aims to bolster data reliability for AI applications.
The story in 5 lines · by baba
- Boomi acquired Israeli data-monitoring startup Elementary Data for approximately $45 million.
- Elementary Data was founded by Unit 8200 alumni Maayan Shalom and Or Avidov in 2021.
- The company's technology helps data teams detect and resolve failures in real-time.
- This is Boomi's third acquisition of an Israeli startup this year.
- Elementary Data employees will continue working for Boomi, which plans to expand in Israel.
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