Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.
January 31, 2018
SAN FRANCISCO -- Trifacta, the global leader in data wrangling, announced $48 million in financing from new strategic investors, including Columbia Pacific, Deutsche Börse, Ericsson, Google, and New York Life along with participation from existing investors Accel, Cathay Innovation, Greylock Partners, Ignition Partners, and Ridge Ventures. This brings Trifacta’s total financing to $124 million to date.
Building on the company’s more than 3x increase in customer count, the new funding will support continued development of Trifacta’s data wrangling platform and accelerate the company’s continued cloud and geographic expansion. According to IDC, the big data and business analytics market will be worth $210 billion by 2020, and the market for data wrangling technologies is anticipated to grow 2.5x faster than the market for traditional data preparation tools. In addition, Gartner reports that data preparation technologies will be used in more than 50 percent of new data integration efforts for analytics by 2020.
“Data is bigger, it’s messier and it’s changing faster than ever before. Solving this requires customers to modernise their analytic stack to achieve better economics and improved agility. It has become essential to democratise the production of new data assets with self-service data wrangling in much the same way enterprises previously democratised the consumption of data with self-service BI,” said Adam Wilson, CEO at Trifacta. “At precisely this moment, Trifacta offers a mature platform built for big data, cloud, and self-service. We also offer the credibility of being the pioneer and the established leader in the data wrangling market.”
You May Also Like
Rethinking AIOPs — It's All About the DataMar 12, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Fiddling with Fixed WirelessMar 21, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Cable and 5G: The Odd Couple?Apr 18, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Delivering the DAA DifferenceMay 16, 2024