San Mateo, California-based collaborative data operations platform Nexla has announced the acquisition of Fidap, a company that provides clean datasets for advanced analytics and machine learning applications.
The agreement’s terms weren’t made public. The company’s platform uses a combination of “data fabric architecture” and metadata to collaboratively integrate, convert, deliver, and monitor data from various internal source systems in a no-code and low-code manner. With this agreement, Nexla will include Fidap’s data capabilities and broaden its selection of products for businesses.
In the agreement, Nexla will also acquire Fidap’s staff. Additionally, Gradient Ventures and the angel investors Keenan Rice, Sabrina Hahn, and Ankit Jain (who all made investments in Fidap) will join the company as shareholders.