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
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
Authorization of web applications developed in the cloud is a fundamental problem for security, yet companies often build solutions from scratch, which is error prone and impedes time to market. This talk shows developers how they can (instead) build on-top of community-owned projects and frameworks for better security.Whether you build software for enterprises, mobile, or internal microservices, security is important. Standards like SAML, OIDC, and SPIFFE help you solve identity and authenticat...
The digital transformation is real! To adapt, IT professionals need to transform their own skillset to become more multi-dimensional by gaining both depth and breadth of a wide variety of knowledge and competencies. Historically, while IT has been built on a foundation of specialty (or "I" shaped) silos, the DevOps principle of "shifting left" is opening up opportunities for developers, operational staff, security and others to grow their skills portfolio, advance their careers and become "T"-sh...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
Hackers took three days to identify and exploit a known vulnerability in Equifax’s web applications. I will share new data that reveals why three days (at most) is the new normal for DevSecOps teams to move new business /security requirements from design into production. This session aims to enlighten DevOps teams, security and development professionals by sharing results from the 4th annual State of the Software Supply Chain Report -- a blend of public and proprietary data with expert researc...
DXWorldEXPO LLC announced today that Nutanix has been named "Platinum Sponsor" of CloudEXPO | DevOpsSUMMIT | DXWorldEXPO New York, which will take place November 12-13, 2018 in New York City. Nutanix makes infrastructure invisible, elevating IT to focus on the applications and services that power their business. The Nutanix Enterprise Cloud Platform blends web-scale engineering and consumer-grade design to natively converge server, storage, virtualization and networking into a resilient, softwar...
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism across F5's entire product suite. MacVittie has extensive development and technical architecture experience in both high-tech and enterprise organizations, in addition to network and systems administration expertise. Prior to joining F5, MacVittie was an award-winning technology editor at Network Computing Magazine where she evaluated and tested application-focused technologies including app secu...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
Having been in the web hosting industry since 2002, dhosting has gained a great deal of experience while working on a wide range of projects. This experience has enabled the company to develop our amazing new product, which they are now excited to present! Among dHosting's greatest achievements, they can include the development of their own hosting panel, the building of their fully redundant server system, and the creation of dhHosting's unique product, Dynamic Edge.
This session will provide an introduction to Cloud driven quality and transformation and highlight the key features that comprise it. A perspective on the cloud transformation lifecycle, transformation levers, and transformation framework will be shared. At Cognizant, we have developed a transformation strategy to enable the migration of business critical workloads to cloud environments. The strategy encompasses a set of transformation levers across the cloud transformation lifecycle to enhance ...
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...