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Trifacta Garners New $35 Million Funding Round to Fuel Growth in Data Prep


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Trifacta, provider of a self-service data preparation platform, is receiving $35 million in growth-stage financing that will be used to continue expanding the company globally and allow for additional projects.

The new funding brings the company’s total amount raised to more than $76 million.

The money was raised by existing investors Accel Partners, Greylock Partners, Ignition Partners and new investor Cathay Innovation, the Sino-French fund based in Paris and Shanghai.

“The multi-billion-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 company’s 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.”

In 2015, Trifacta says, it increased sales by over 700% and added new users at more than 3,000 companies, spanning 105 countries around the globe, expanded the customer base to include a variety of global brands, earned the top ranking in the first End User Data Preparation study by Dresner Advisory Services, and launched partnerships with Salesforce, MapR Technologies, and Zoomdata, in addition to expanding efforts with existing partners Cloudera, Hortonworks and Tableau.

Additionally, the company 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 visualization tools, such as Tableau.

For more information about the funding round, visit www.trifacta.com


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