Enabling Future Invests in Trifacta's $100 Million Series E to Support Continued Growth of Data Preparation for Artificial Intelligence and the Cloud
Enabling Future is announcing an investment in Trifacta, the global leader in data preparation software. This round of funding welcomes new investors, including Telstra Ventures, Energy Impact Partners, NTT DOCOMO Ventures, BMW iVentures, ABN AMRO Digital Impact Fund and Enabling Future. It also includes additional investment from existing investors including Accel Partners,Greylock Partners, Ignition Partners, Cathay Innovation, Google and Infosys.
The new capital will accelerate the company’s continued expansion into new geographies and product areas, in particular expanding upon the company’s use of intelligent automation throughout the platform.
“As organizations of all sizes face exponential growth in big data and are increasingly challenged to use that data responsibly to gain competitive advantage, we believe that Trifacta’s data preparation software serves as a vital link between data and Artificial Intelligence (AI) and advanced analytics applications,” said Yusuf Bashir, Managing Partner, Enabling Future. “Trifacta have been gaining impressive momentum in the market, and key partnerships with Google and IBM highlight growing industry-wide recognition of the company.”
Through a unique combination of human-computer interaction, machine learning and scalable data processing, Trifacta customers are modernizing their approach to creating and managing their data pipelines. This has led to tremendous customer growth and momentum for Trifacta over the past year. More than 10,000 organizations around the world, such as IQVIA, Visa, Autodesk, Kaiser Permanente, BNSF, PepsiCo, Stanley Black & Decker, Franklin Templeton, Sumitomo Banking Corporation, New York Life and The Commonwealth Bank of Australia, have adopted Trifacta to address their growing data preparation needs.
“AI, machine learning and analytics have become the primary growth opportunities for the cloud today. Yet, it's this meteoric growth that is causing barriers to success as AI projects overwhelmingly face the same problem -- data quality,” said Adam Wilson, CEO, Trifacta. “As the pioneers in data wrangling, Trifacta offers the leading platform for managing data quality,preparation and pipelines that is natively integrated with all of the major cloud providers. A growing number of industry-leading organizations, including technology pioneers such as IBM and Google are choosing Trifacta to remove the critical barrier data wrangling presents to success with analytics and machine learning.”
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