US-based data wrangling software producer Trifacta secured $100m in funding from investors including telecommunications firms Telstra and NTT Docomo, carmaker BMW, internet technology provider Google and IT consultancy Infosys yesterday.
Financial services firm ABN Amro also took part in the round, through its Digital Impact Fund, along with Energy Impact Partners, Accel, Cathay Innovation, Greylock Partners and Ignition Partners.
Telstra, NTT Docomo and BMW participated through their respective corporate venturing subsidiaries: Telstra Ventures, NTT Docomo Ventures and BMW i Ventures. The round valued the company at less than $1bn, a source familiar with the deal told Fortune.
Trifacta has created a data wrangling platform that uses machine learning to facilitate the rapid organising and preparing of complex datasets for analysis or visualisation. It has attracted more than 10,000 enterprise clients to date.
The technology is based on research undertaken at Stanford University and University of California, Berkeley.
The capital will allow Trifacta to accelerate its international expansion efforts, as well as entering additional verticals and product areas. Telstra and NTT Docomo will support its growth in the Asia Pacific region and assist with its ambitions in the telecoms industry.
BMW, ABN Amro and Energy Impact Partners will help Trifacta target customers in the automotive, energy, utilities and financial services sectors. The company has now raised $224m in equity financing altogether since it was founded in 2012.
Trifacta received $48m in February 2018 from Google, exchange operator Deutsche Börse, communications equipment producer Ericsson, insurance provider New York Life, Accel, Cathay Innovation, Greylock, Columbia Pacific, Ignition Partners and Ridge Ventures.
Infosys had previously invested an undisclosed amount in the company in 2016, adding to earlier funding from Cathay Innovation, Ignition Partners, Greylock, Accel and Ridge Ventures, then known as IDG Ventures USA.
