Welcome!

News Feed Item

Trifacta Raises $12 Million to Transform How People Work With Data

Series B Funding Round Led by Greylock Partners and Accel Partners Validates Need for Data Transformation Platform

SAN FRANCISCO, CA -- (Marketwired) -- 12/05/13 -- Trifacta, a Data Transformation Platform provider, today announced that it has closed a $12 million Series B financing round led by Greylock Partners and Accel Partners. The latest round of funding further validates the need for a solution that helps business analysts, data scientists and IT programmers transform today's overwhelming variety of data into actionable form.

This represents the company's second round of funding, bringing the total capital raised to $16.3 million.

"The way that Trifacta gives non technical people the ability to transform big data is nearly magical in its simplicity and power," said Joseph Ansanelli, Greylock Partner. "I'm thrilled to support them in my first investment with Greylock Partners."

Developed by computer science professors Joe Hellerstein of the University of California Berkeley and Jeffrey Heer of the University of Washington along with Stanford University Ph.D. Sean Kandel, Trifacta has created a platform that provides an innovative user experience coupling human and machine intelligence to close the gap between people and data. The platform enables users to quickly and intuitively transform raw data into actionable form whether for immediate insights or for use in analysis tools.

"Having clean, standardized data goes a long way toward helping people make sense of it," said Chris Stolte, chief development officer and co-founder of Tableau Software. "Trifacta is bringing to the market a breakthrough approach, which will make it far easier for people to transform raw data into useful form and spend more time answering important questions."

By the end of 2015, Gartner estimates 85 percent of Fortune 500s will be unable to exploit big data's advantages. The critical obstacle is not in fact the technology, but the humans who are key to deriving meaning from data. Data scientists spend as much as 60 to 80 percent of their time transforming data -- evaluating, structuring, and cleansing -- rather than focusing on deriving true data analytics and business insights.

"Enterprises around the world are deploying an Enterprise Data Hub to securely store and access data. Unlocking the value of multi-structured data demands intelligent application-level interfaces engineered for simplicity and scalability. Users must have good tools to ingest and explore that data," said Mike Olson, chief strategy officer and co-founder of Cloudera. "Trifacta's new interaction technology allows analysts to transform data at scale, efficiently, making the EDH an even better home for data that matters to the business."

Trifacta's approach to Data Transformation enables users and algorithms to work together in the transformation process. In the Trifacta platform, users visualize data and the effects of algorithmic suggestions, while machine learning methods analyze data and user interactions. By providing an interface that harnesses both human and machine intelligence, Trifacta makes data transformation accessible to business data analysts, while radically increasing the productivity of quantitative data scientists.

"Data transformation is everybody's problem, but nobody's job. After spending years interviewing data and business analysts about challenges they face working with data, we recognized that solving this problem would require a radically different approach," said Joe Hellerstein, CEO and co-founder of Trifacta. "Much like the graphical user interface changed the way that people work with computers, Trifacta is changing the way that people work with data."

"There are a large number of companies that I talk to who are actively looking for a solution like Trifacta," said Ping Li partner at Accel Partners. "Trifacta was one of the early investments to come out of our first Big Data Fund. They started with an amazing team of technologists and interaction experience designers and have continued to build an impressive team to solve this complex problem."

Additional Resources
Learn more about Trifacta
Read more on the Trifacta blog: http://trifacta.com/blog/
Follow us on Twitter: https://twitter.com/trifacta
Become a fan on Facebook: https://www.facebook.com/Trifacta
Connect on LinkedIn: http://www.linkedin.com/company/trifacta

About Trifacta
Trifacta, the pioneer in data transformation, significantly enhances the value of an enterprise's Big Data by enabling users to easily transform raw, complex data into clean and structured formats for analysis. Leveraging decades of innovative work in human-computer interaction, scalable data management and machine learning, Trifacta's unique technology creates a partnership between user and machine, with each side learning from the other and becoming smarter with experience.

Media Contact
Nolan Necoechea for Trifacta
LEWIS PR
415-432-2452
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cloud resources, although available in abundance, are inherently volatile. For transactional computing, like ERP and most enterprise software, this is a challenge as transactional integrity and data fidelity is paramount – making it a challenge to create cloud native applications while relying on RDBMS. In his session at 21st Cloud Expo, Claus Jepsen, Chief Architect and Head of Innovation Labs at Unit4, will explore that in order to create distributed and scalable solutions ensuring high availa...
Cloud adoption is often driven by a desire to increase efficiency, boost agility and save money. All too often, however, the reality involves unpredictable cost spikes and lack of oversight due to resource limitations. In his session at 20th Cloud Expo, Joe Kinsella, CTO and Founder of CloudHealth Technologies, tackled the question: “How do you build a fully optimized cloud?” He will examine: Why TCO is critical to achieving cloud success – and why attendees should be thinking holistically ab...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...