Deepnote acquires Hyperquery to expand data analysis capabilities

Deepnote, the innovative AI-powered data workspace, has announced its acquisition of Hyperquery, a notable competitor in the data science and analytics industry. This strategic move represents a significant leap for Deepnote in its quest to revolutionise data democratization. By integrating Hyperquery’s capabilities, Deepnote aims to solidify its position as a central hub for collaborative data analysis, streamlining workflows and boosting efficiency.

The core of Deepnote’s offering is its collaborative data workspace, which allows team members to share their work and receive real-time feedback. This approach eliminates the delays caused by lengthy communication loops and accelerates the delivery of data products. The platform’s design prioritizes user experience, catering to both seasoned data professionals and decision-makers with its intuitive interface and robust integration features.

In addition to its collaboration tools, Deepnote has enhanced its platform with newly introduced AI assistants. These advancements significantly speed up analysis workflows and democratize complex data analytics, making it accessible to junior or non-technical teams. The seamless integration of AI tools further elevates Deepnote’s appeal, positioning it as a key player in the evolving landscape of data analysis.

Jakub Jurovych, Co-Founder and CEO of Deepnote, highlighted the transformative nature of this acquisition. He drew a parallel between the current shift in data analysis and the historical shift brought about by personal computing in the 1980s. According to Jurovych, data notebooks, much like spreadsheets before them, represent the future of data analysis. He emphasized that the versatility of data notebooks, combined with AI agents and advanced modelling capabilities, makes them a superior alternative to traditional tools like Excel. By acquiring Hyperquery, Deepnote aims to dominate the data notebook category and expand its influence.

Deepnote’s rapid growth is underscored by a threefold increase in revenue over the past year. Backed by prominent investors such as Index Ventures, Accel, Y Combinator, and Credo Ventures, the company is well-positioned to leverage its enhanced platform to serve a diverse array of top-tier clients. Notable users of Deepnote include Ramp, Motive, SoundCloud, Gusto, and Webflow. The transition of Hyperquery’s clients, including Docplanner, Output, and Zeeto, to Deepnote’s platform is expected to be smooth, further broadening the company’s client base and reinforcing its market position.

Key Highlights

• Deepnote’s acquisition of Hyperquery marks a significant expansion in its data science and analytics capabilities.
• Deepnote’s growth trajectory includes a threefold increase in revenue over the past year.
• The integration of Hyperquery will streamline and enhance data analysis for its existing and new clients.