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.”

Company milestones from 2017 include:

• Customer adoption: GlaxoSmithKline, Bank of America, Royal Bank of Scotland, Commerzbank, PepsiCo, eBay, Enstar, Deutsche Börse, Centers for Disease Control (CDC), New York Life, BNSF Railway Company, and Nordea Bank.

• Supports deployments in popular cloud ecosystems: Amazon Web Services (AWS), Google Cloud Platform (GCP) and Microsoft Azure. The past six months have seen record growth for Trifacta’s cloud offerings, which have been adopted by more than 10,000 users across over 200 accounts. Trifacta also launched Cloud Data Prep on GCP in conjunction with Google, and is now listed in the AWS Marketplace and featured as part of the AWS machine learning competency. 

• Expanded the company’s technology, systems integrator and consulting partner ecosystem.Trifacta announced integration and joint customer success with a number of leading data cataloging vendors including Alation as well as a number of leading data science platforms such as DataRobot. Trifacta is also now embedded as the data wrangling standard within the Infosys Information Platform (IIP), Leidos Collaborative Analytics and Data Sharing Platform (CAADS), and Wipro Data Discovery Platform (WDDP). In addition to this, FICO now offers Trifacta as a high-end wrangling option as part of the FICO Decision Management Suite. 

Supporting quotes

“Investing in and partnering with Trifacta, an innovator with its leading data wrangling offering, helps us expand our capabilities in data-driven areas such as risk management, investment decision making and trading analytics meaningfully,” said Ankur Kamalia, MD & Head of Venture Portfolio Management and DB1 Ventures, Deutsche Börse.

“Trifacta’s cutting-edge technology, client success and vision position the company for continued growth,” said Paul McNamara, VP of Ericsson Ventures. “Ericsson is honoured to invest with Trifacta to help drive further momentum in data wrangling that will help our telecommunications customers to get actionable insights and create business value from their data.” 

“At New York Life, we're keenly focused on new analytics technologies to enhance our speed to insight,” said Joel Albarella, Head of New York Life Ventures. “As part of this effort, we’re investing in Trifacta for its forward-thinking approach to data wrangling.”

“Commerzbank is a leading international commercial bank and the second largest bank in Germany. As we embarked on creating a Big Data & Advanced Analytics division within Commerzbank, we knew that data wrangling technology would be a critical investment for its success; Trifacta was absolutely the right choice,” said Kerem Tomak, EVP & Divisional Board Member, Big Data & Advanced Analytics at Commerzbank. “Easy to use and integrate across a broad range of employees, Trifacta is a core part of our efforts to accelerate our analytics projects. As a result this will help us expand our existing efforts around data quality, fast response to ad-hoc requests, big data analytics monetisation for retail and corporate clients, and risk and compliance reporting.”