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3 min read
CRUX ANNOUNCES INDUSTRY’S FIRST SAAS OFFERING TO AUTOMATE THE INTEGRATION OF
EXTERNAL DATA
Jonathan Buckley May 16, 2023
Press Inside Crux Article People
The Crux External Data Platform empowers data engineers to deliver data science
and analytics-ready external datasets to the cloud, accelerating
decision-making.
SAN FRANCISCO, May 16, 2023 /PRNewswire/ -- Crux, a pioneer in the external data
integration, transformation, and observability space, today announced the launch
of the Crux External Data Platform ("EDP"), the first SaaS offering that enables
enterprises to automate the onboarding of any external dataset directly from
vendors into their organization, driving better, faster decisions. The new
self-service cloud platform allows data teams to onboard and transform external
data for analytics up to ten times faster than traditional manual methods.
"The Crux External Data Platform is truly transformative," said Will Freiberg,
CEO of Crux. "Just as the cloud made it possible for enterprises to reduce
infrastructure and maintenance costs, consolidate on-premises data warehouses,
scale on-demand, and immediately access key resources, the Crux platform removes
critical pre-processing bottlenecks, empowering data engineers to onboard
external data products into their data warehouse or cloud analytics environments
in minutes."
External data from governments, non-profits, and commercial data vendors is a
critical business resource in many sectors, such as finance, supply chain,
retail, healthcare, and insurance. Crux has partnerships with over 265 leading
data providers, including MSCI, Moody's, S&P, SIX, FactSet, and Morningstar.
Crux builds data pipelines at scale, allowing enterprises to ingest any custom
data source, and operates over 60,000 pre-engineered pipelines to deliver
external datasets in a data science and analytics-ready format. Now, Crux is
making its robust capabilities directly available to data engineers with the
Crux External Data Platform. Through its multi-tenant, secure SaaS platform,
Crux ensures data is delivered reliably with protected, role-based access and
customizable operations applicable to data products, connections, notification
policies, users, and system-wide settings. The platform reduces the need for
expensive infrastructure and increases of the velocity of data engineering
teams. Additionally, EDP presents customers with one centralized data hub for
visibility into the health and performance of their organization's catalog of
external data pipelines. With intuitive automation and pattern recognition, data
teams can immediately select and access new datasets, minimizing the time and
effort required to access new data for faster insights.
According to a Gartner® report, "The increased adoption of cloud as a data
platform has exacerbated existing challenges with application time to market,
data quality and integration issues, analytics shortfalls, poor performance, and
cost management. Data professionals are turning to artificial intelligence (AI)-
and machine learning (ML) driven automation in hopes of better optimizing these
data management (DM) related areas."1
Early customers, including Two Sigma and Goldman Sachs, are leveraging the
platform's advanced AI and ML capabilities to automate and streamline data
workflows, decreasing the need for manual intervention and improving accuracy.
With robust security and governance features, the platform ensures data is
handled promptly and securely.
"Managing external data is a special kind of hard," said Dan Lynn, SVP of
Products. "Now, Crux provides the industry's first self-service SaaS platform
for data integration, transformation, and observability specifically designed to
tackle the unique challenges of external data. It's an opportunity for data
engineers to flip the ratio from 70% of time spent preparing data to 70% of time
driving higher value analytics and insights."
"Integrating, transforming, and absorbing data into our pipelines is a key focus
for us," said Jeff Wecker, CTO, Two Sigma. "Crux's EDP product launch will help
us scale the capacity of our data pipelining activities, delivering a quicker
path to high-quality data sets and faster access to systematic data-driven
insights for our researchers."
"We are excited to have collaborated with Crux in shaping their product roadmap
and helping drive towards the launch of Crux's new EDP offering," said Abhishek
Narang, Managing Director & Tech Fellow, Data Engineering at Goldman Sachs.
"Leveraging Crux in our Data Engineering framework and the Legend Platform at
Goldman Sachs has further reduced the time-to-value of our third-party data
assets, helping to enable us to operate more efficiently and best serve clients.
With the launch of EDP, it is satisfying to see so much of the work we have
accomplished together now mechanized in an easily accessible self-service
product offering."
About Crux
Crux is a cloud-based data integration, transformation, and operations platform
that accelerates the value realization between external and internal data. Crux
partners with our customers to ensure they get the data they need, how they need
it, and where they need it. Its team builds data pipelines at scale and operates
over 60K pre-engineered pipelines, delivering public and external datasets to
the destination of choice. Crux pipelines come with embedded data monitoring,
validations, and transformations and are supported 24/7 by our global operations
team. Crux was awarded a Google Cloud Customer Award in 2021 in the
Cross-Industry category. Crux works with enterprise clients and is backed by Two
Sigma, Goldman Sachs, Morgan Stanley, and Citi.
Media Inquiries
crux@nextpr.com
1 Gartner, Changing and Emerging Data Management Needs Product Managers Must
Address, Robin Schumacher, Sharat Menon, 17 April 2023. GARTNER is a registered
trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S.
and internationally and is used herein with permission. All rights reserved
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CRUX ANNOUNCES INDUSTRY’S FIRST SAAS OFFERING TO AUTOMATE THE INTEGRATION OF
EXTERNAL DATA
Jonathan Buckley: May 16, 2023
The Crux External Data Platform empowers data engineers to deliver data science
and analytics-ready external datasets to the cloud, accelerating...
Press Inside Crux Article People
Read More
CRUX REPORTS $75M IN BOOKINGS, SECURES $50M IN FUNDING TO ACCELERATE ROADMAP
DEVELOPMENT AND SALES AND MARKETING
Jonathan Buckley: Jan 24, 2023
With two eight-figure commercial deals, a new round of capital, and over 260
partnerships with leading data and cloud marketplaces in 2022, Crux is...
Announcement
Read More
CRUX IS PLEASED TO WELCOME TINA FIGUEROA AS OUR FIRST CHIEF PEOPLE OFFICER
Scout Scholes: Dec 7, 2022
Tina Figueroa has joined the company as its first Chief People Officer (CPO).
Press People Announcement
Read More
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