Granica Shortlisted for 2023-2024 Cloud Awards

Leading Training Data Platform Among Initial Shortlist From International Cloud Computing Awards Program

Granica, a leading AI training data platform, has been shortlisted in the 2023-2024 Cloud Awards program in the Most Innovative Use of Data in the Cloud category. Granica, which launched from stealth only six months prior to this award recognition, helps organizations build better AI, safely and efficiently, by reallocating savings from inefficient data infrastructure towards more training data and unlocking sensitive data sets for safe use in model training.

“Granica’s acknowledgment by The Cloud Awards highlights our commitment to pioneering advancements in cloud computing and AI effectiveness, safety and efficiency,” said Rahul Ponnala, CEO and co-founder of Granica. “It's a particularly meaningful accomplishment for our solution to be considered for the Most Innovative Use of Data in the Cloud award within just six months of our launch from stealth.”

Since 2011, The Cloud Awards has sought to promote and celebrate excellence and innovation in cloud computing. Hundreds of organizations entered the 2023-2024 Cloud Awards program, with international entries from North America, Canada, Australia, UK, Europe and the Middle East. Granica was one of five shortlisted in the Most Innovative Use of Data in the Cloud category.

Head of Operations for The Cloud Awards, James Williams said, “In what has been a tough year at times for the tech industry, we have seen another remarkable year of innovation in the Cloud. In particular, in 2023, we’ve seen artificial intelligence (AI) and automated machine learning generate huge interest across virtually every field. Yet again, cloud technologies have brought some of our most optimistic expectations to reality, and promised still more. Fortunately, technology has not yet outpaced our imaginations, as this year’s remarkable shortlist demonstrates. We have welcomed entrants from a wide spectrum of industries, including online retail, education, healthcare, and data management. Hundreds of cloud-based products and solutions have impressed our judging panel. All shortlisted organizations have displayed unique points of merit and made it through a fiercely competitive initial stage.”

The Cloud Awards finalists will be announced on Tuesday, December 19, 2023 and winners will be announced on Tuesday, January 9, 2024.

Resources

• To view the full shortlist, visit: https://www.cloud-awards.com/2023-2024-cloud-awards-shortlist/
• Read Granica’s blog
• Visit the Granica website
• Request a demo
• Follow Granica on X (formerly Twitter) and LinkedIn

About Granica

Granica is a leading training data platform for traditional and generative AI. It helps AI teams improve the performance of their models, control their costs, and achieve efficient growth by reallocating savings from inefficient data infrastructure towards adding more data and by unlocking sensitive data sets for safe use in model training. Powered by novel compression algorithms optimized for petabyte-scale sensor, image and text training data, Granica unlocks up to 2.5X more data to make better models by compressing those training files to save up to 80% on storage and access costs and enabling re-allocation of the savings to get and use more data. Granica also preserves the privacy of PII and other sensitive information, unlocking additional valuable training data for safe use in downstream AI workflows. Granica’s training data services are easily consumed as an API by developers building applications that access AI data in public cloud object storage platforms such as Amazon S3 and Google Cloud Storage. It’s the simplest and most secure way for businesses to control the costs of AI training data without the severe performance and availability trade-offs associated with archival or deletion. Improving the safety and efficiency of AI data and pipelines puts the focus back on model performance. Outcome-based pricing whereby organizations only pay Granica a small percentage of their realized savings eliminates the need for upfront budgeting and investment and ensures enterprises only receive upside. Granica is optimized for data and AI-intensive industries such as geospatial intelligence, autonomous vehicles, robotics, retail and e-commerce. Category-defining companies including HERE Technologies, Quantum Metric and Nylas use Granica to cost-effectively keep, grow and use their AI data to maximize innovation and business results from their AI initiatives.

About the Cloud Awards

The Cloud Awards is an international program which has been recognizing and honoring industry leaders, innovators and organizational transformation in cloud computing since 2011. The awards are open to large, small, established and start-up organizations from across the entire globe, with an aim to find and celebrate the pioneers who will shape the future of the Cloud as we move into 2023 and beyond. Categories include the Software as a Service award, Most Promising Start-Up, and “Best in Mobile” Cloud Solution.

Winners are selected by a judging panel of international industry experts. For more information about the Cloud Awards and SaaS Awards, please visit https://www.cloud-awards.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231121532393/en/