Machine learning data pipeline outfit Splice Machine files for insolvency
(2021/08/26)
- Reference: 1629999433
- News link: https://www.theregister.co.uk/2021/08/26/splice_machine_insolvency/
- Source link:
California-based [1]ML data pipeline company Splice Machine has begun insolvency proceedings, according to a statement on its website.
The startup – which counted bank Wells Fargo, retailer Kroger, and optical networking company Infinera among its customers – specialised in building a database for feature engineering which it hoped would ease machine learning data pipelines.
Based around Jupyter Notebooks, the product suite featured a native Spark data source, an "enhanced" version of MLflow, and its own [2]relational database . It said its technology would improve the efficiency of machine learning lifecycles.
[3]
The outfit's HQ is a few blocks away from San Francisco's Oakland Bay Bridge
But a notice on its website dated 28 July said that Splice Machine had entered insolvency proceedings under California state law. "Splice is not currently operating the technology and services platform. Meanwhile, [Limited liability company] is in the process of selling the Splice related assets," [4]it says .
[5]Nuisance call-blocking firm fined £170,000 for making almost 200,000 nuisance calls
[6]Financial watchdog says Google's clampdown on scam ads might not be enough to prevent stricter laws in Britain
[7]Brit IT firms wound up by court order after fooling folk into paying for 'support' over fake computer errors
[8]UK Court of Appeal rules Tiny Computers' legal remains can sue Micron and Infineon over 2002 DRAM price-fixing cartel
More documents are available [9]here .
As recently as May, the company was releasing new products. It said Livewire Pulsar, an open-source operational AI platform for IoT had been upgraded to a Kubernetes architecture, to reduce costs, as well as adding new AI features for increased productivity.
[10]
The new edition enables Apache Spark to scale up or down as needed with new min/max parameters for executors in both online analytical processing (OLAP) database operations and notebooks for ML, it said.
[11]
In January, it launched the Splice Machine Feature Store to "help more companies operationalize machine learning by reducing the complexity of feature engineering."
According to [12]Crunchbase the firm has raised a total of $47.5M in funding over five rounds, including a [13]$9m round in 2016 . Its latest funding was raised in early 2019 in a series B round.
[14]
The company has been contacted for further comment. ®
Get our [15]Tech Resources
[1] https://www.theregister.com/2014/05/14/splice_machine_sql_on_hadoop/
[2] https://db-engines.com/de/system/Splice+Machine
[3] https://regmedia.co.uk/2021/08/26/shutterstock_oakland_bay_bridge.jpg
[4] https://splicemachine.com/company/contact-us/
[5] https://www.theregister.com/2021/08/02/ico_nuisance_call_ycsl/
[6] https://www.theregister.com/2021/06/30/google_fca_fraud/
[7] https://www.theregister.com/2021/06/15/high_court_winds_up_it_scam_companies/
[8] https://www.theregister.com/2021/04/27/tiny_computers_micron_infineon_dram_lawsuit/
[9] https://www.proofofclaims.com/splice/documents
[10] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/aiml&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2YSgPG3wwlKkJBIhczPav7QAAAE8&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[11] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/aiml&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YSgPG3wwlKkJBIhczPav7QAAAE8&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[12] https://www.crunchbase.com/organization/splice-machine/company_financials
[13] https://www.theregister.com/2016/01/22/splice_machine_9m_funding_round/
[14] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/aiml&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YSgPG3wwlKkJBIhczPav7QAAAE8&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[15] https://whitepapers.theregister.com/
The startup – which counted bank Wells Fargo, retailer Kroger, and optical networking company Infinera among its customers – specialised in building a database for feature engineering which it hoped would ease machine learning data pipelines.
Based around Jupyter Notebooks, the product suite featured a native Spark data source, an "enhanced" version of MLflow, and its own [2]relational database . It said its technology would improve the efficiency of machine learning lifecycles.
[3]
The outfit's HQ is a few blocks away from San Francisco's Oakland Bay Bridge
But a notice on its website dated 28 July said that Splice Machine had entered insolvency proceedings under California state law. "Splice is not currently operating the technology and services platform. Meanwhile, [Limited liability company] is in the process of selling the Splice related assets," [4]it says .
[5]Nuisance call-blocking firm fined £170,000 for making almost 200,000 nuisance calls
[6]Financial watchdog says Google's clampdown on scam ads might not be enough to prevent stricter laws in Britain
[7]Brit IT firms wound up by court order after fooling folk into paying for 'support' over fake computer errors
[8]UK Court of Appeal rules Tiny Computers' legal remains can sue Micron and Infineon over 2002 DRAM price-fixing cartel
More documents are available [9]here .
As recently as May, the company was releasing new products. It said Livewire Pulsar, an open-source operational AI platform for IoT had been upgraded to a Kubernetes architecture, to reduce costs, as well as adding new AI features for increased productivity.
[10]
The new edition enables Apache Spark to scale up or down as needed with new min/max parameters for executors in both online analytical processing (OLAP) database operations and notebooks for ML, it said.
[11]
In January, it launched the Splice Machine Feature Store to "help more companies operationalize machine learning by reducing the complexity of feature engineering."
According to [12]Crunchbase the firm has raised a total of $47.5M in funding over five rounds, including a [13]$9m round in 2016 . Its latest funding was raised in early 2019 in a series B round.
[14]
The company has been contacted for further comment. ®
Get our [15]Tech Resources
[1] https://www.theregister.com/2014/05/14/splice_machine_sql_on_hadoop/
[2] https://db-engines.com/de/system/Splice+Machine
[3] https://regmedia.co.uk/2021/08/26/shutterstock_oakland_bay_bridge.jpg
[4] https://splicemachine.com/company/contact-us/
[5] https://www.theregister.com/2021/08/02/ico_nuisance_call_ycsl/
[6] https://www.theregister.com/2021/06/30/google_fca_fraud/
[7] https://www.theregister.com/2021/06/15/high_court_winds_up_it_scam_companies/
[8] https://www.theregister.com/2021/04/27/tiny_computers_micron_infineon_dram_lawsuit/
[9] https://www.proofofclaims.com/splice/documents
[10] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/aiml&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2YSgPG3wwlKkJBIhczPav7QAAAE8&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[11] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/aiml&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YSgPG3wwlKkJBIhczPav7QAAAE8&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[12] https://www.crunchbase.com/organization/splice-machine/company_financials
[13] https://www.theregister.com/2016/01/22/splice_machine_9m_funding_round/
[14] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/aiml&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YSgPG3wwlKkJBIhczPav7QAAAE8&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[15] https://whitepapers.theregister.com/
???
I've read the article several times and I have not the slightest idea what Splice Machine does/did other than generate buzzword laden press releases and lose their investor's money -- perhaps as much as $56.5M of it. Would anyone care to enlighten me as to what an innovative "machine learning data pipeline" might be and what, if anything, it might possibly be good for?