The global leader in data wrangling, Trifacta, has announced that it raised $100 million in financing. The round of investment saw new investors including Telstra ventures, Energy Impact Partners, BMW iVentures, ABN AMRO Digital Impact Fund, and NTT DOCOMO Ventures. The round saw additional investment from existing investors including Accel Partners, Cathay Innovation, Ignition Partners, Google, Greylock Partners, and Infosys.
The fresh funding will help Trifacta expand the availability of its platform to more customers. The investment will further help accelerate the company’s expansion into newer geographies, verticals, and product areas.
Trifacta’s customer list includes over 10,000 organizations such as IQVIA, Visa, BNSF, PepsiCo, New York Life and many more. Trifacta’s expertise in data cleansing is leveraged by industry-leading AI software vendors like IBM and Google Cloud too.
Marcus Behrendt, partner at BMW iVentures said: “As we face an exponential growth in big data—from machines in our factories to connected cars on the road—we believe that Trifacta’s data prep solution will be key to accelerating the feedback loop between the hordes of data produced everyday and the types of insights and actions taken by large organizations.”
He added: “Trifacta’s toolset is key to harvesting the data lakes and is therefore an enabler when shifting to a truly digital organization.”
Traveloka Raises $250 Million despite Setbacks to Travel Industry
Hiranandani Group’s Yotta to set up its second data centre in Chennai, India
Singapore-based startup Insider raises $32 million in Series C
Edge1 OOH software administered by Century Group of Companies
Huawei is recognized by Frost & Sullivan for its data center switches
© 2020 CIO Bulletin. All rights reserved.