$ 35 million for a “data wrangling” start-up
Trifacta, an American company specializing in Big data, has just raised 35 million dollars (approximately 31.3 million euros) from Accel Partners, Greylock Partners, Ignition Partners and Cathay Innovation. This operation brings to 76 million dollars the amounts received by the company since its creation.
Founded in 2012, Trifacta develops “data wrangling” solutions, which consists of processing large volumes of data in order to structure them and make them usable. Once the process is finished, the data can be used to perform analysis. On his website, the start-up explains the different stages of the process: data discovery, then structuring, selection, enrichment, validation and publication.
“Trifacta invented the method that enables companies to better exploit the diverse and complex data at their disposal by giving users without specific technical expertise the means to discover, process and aggregate information themselves,” said Frank Artale, partner at Ignition Partners. The company claims large groups among its customer portfolio, including Vodafone, Samsung, the New York Times, Thomson Reuters, Orange and Sanofi.
The objectives of the Start-up
“2015 was a pivotal year for Trifacta, with significant contract wins: notably Kaiser Permanente, Juniper Networks, TeliaSonera and Royal Bank of Scotland, but also the expansion of the partnership in place with Cloudera and the recognition of our leadership position on data processing by industry analysts, ”says Adam Wilson, CEO of Trifacta.
Trifacta must, however, rely on competition from other players, such as Actian or Alteryx. With this new investment, Trifacta wants to continue its international growth and continue to develop its products.
CEO: Adam wilson
The head office : San Francisco
Activity: data processing
Funding: 76 million dollars raised
Competitors: Actian, Alteryx