Trifacta, announced that it has raised $35M in growth-stage financing from existing investors Accel Partners, Greylock Partners, Ignition Partners and new investor Cathay Innovation, the Sino-French fund based in Paris and Shanghai. The new funding brings the company’s total amount raised to more than $76 million. The additional financing will be used to fuel the growth of Trifacta’s global field organisation and the continuing innovation of its award-winning products.
“Trifacta has created the way organisations are unlocking the value of their diverse, complex data by empowering non-technical users to discover, cleanse and blend information themselves,” said Frank Artale, managing partner at Ignition Partners. “We’re excited about the tremendous momentum Trifacta has built today and are looking forward to accelerating that success in Europe and Asia with the help of Cathay Innovation.”
“The multibillion-dollar big data and IoT revolution requires a modern, innovative approach to preparing data and empowering end users,” said Ping Li, partner at Accel and director of the Big Data Fund. “Trifacta delivers that platform. We’ve backed Trifacta’s incredible team from the beginning and are excited to help the company scale to take advantage of this significant market opportunity.”
“2015 was a breakout year for Trifacta, from customer wins with companies like Kaiser Permanente, Juniper Networks, TeliaSonera and Royal Bank of Scotland, to an expanded partnership with Cloudera, to recognition by key industry analysts as the leader in data preparation,” said Adam Wilson, CEO at Trifacta. “With the significant data challenges facing organisations today, it’s great to see thousands of companies turning to Trifacta to enable their end users to wrangle data of all shapes and sizes.”
Trifacta 2015 Highlights:
- Increased sales over 700% and added new users at more than 3,000 companies, spanning 105 countries around the globe.
- Expanded customer base to include global brands such as Citco, TeliaSonera, Royal Bank of Scotland, Proctor & Gamble, Juniper Networks, Sanofi, Kaiser Permanente, Pfizer and PepsiCo.
- Earned the top ranking in the first End User Data Preparation study by Dresner Advisory Services.
- Launched partnerships with Salesforce, MapR Technologies and Zoomdata, in addition to expanding efforts with existing partners Cloudera, Hortonworks and Tableau.
- Strengthened the executive team with the addition of proven industry leaders, Sachin Chawla who joined the company as vice president of engineering to lead the team in delivering enterprise-grade software solutions, and Joe Scheuermann who was appointed to vice president of marketing to increase demand generation and product marketing efforts.
- Launched Trifacta Wrangler, a free, connected desktop edition of its data wrangling software to address the needs of analysts who work with data in Excel or self-service visualisation tools, such as Tableau.
- Released v3 of Trifacta Wrangler Enterprise, furthering Trifacta’s leadership in the Hadoop market by augmenting user experience to empower a diverse range of users to work more productively with data, regardless of technical ability. The v3 release also established data governance requirements for security, metadata and data lineage management and operationalisation for organisations implementing data wrangling solutions at enterprise scale.
- Opened operations in Europe with two new offices in London and Berlin, driven by the growing global big data market.
Comment on this article below or via Twitter: @ VanillaPlusMag OR @jcvplus
