|By Marketwired .||
|December 5, 2013 06:00 AM EST||
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."
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
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.
Nolan Necoechea for Trifacta
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Jul. 30, 2016 12:30 AM EDT Reads: 2,328
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Jul. 30, 2016 12:30 AM EDT Reads: 2,128
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 29, 2016 10:15 PM EDT Reads: 2,068
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Jul. 29, 2016 10:00 PM EDT Reads: 1,286
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 29, 2016 09:45 PM EDT Reads: 1,497
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 29, 2016 08:00 PM EDT Reads: 2,748
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Jul. 29, 2016 07:45 PM EDT Reads: 1,180
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
Jul. 29, 2016 06:15 PM EDT Reads: 959
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Jul. 29, 2016 06:00 PM EDT Reads: 933
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
Jul. 29, 2016 05:15 PM EDT Reads: 394
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
Jul. 29, 2016 05:15 PM EDT Reads: 988
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 29, 2016 04:45 PM EDT Reads: 1,252
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Jul. 29, 2016 04:15 PM EDT Reads: 1,086
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Jul. 29, 2016 04:15 PM EDT Reads: 473
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Jul. 29, 2016 04:15 PM EDT Reads: 433