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October 05, 2012

Trifacta Raises $4.3M as it Moves to Close Big Data 'Talent Gap'

Trifacta, a provider of productivity platforms for data analysis, has raised $4.3 million in funding from Accel Partners' (News - Alert) Big Data Fund. Other investors also participated in the new funding round.

Just a start-up, Trifacta will focus on human analysis for data, and sees a talent gap in the analysis field.

“Trifacta’s aim is to help close that analysis gap by making data science more efficient, by making the data itself more easy to manipulate and rearrange,” according to a report from All Things D. “Tackling that problem requires expertise in three areas: Database systems, data visualization and machine learning. As it happens, Trifacta has assembled a team of some of the best experts in all three.”

“Trifacta is focused on human efficiency --enabling people to easily manipulate data and drive computation toward useful analyses,” Trifacta CEO Joe Hellerstein, who also teaches at the University of California, Berkeley, explained in a statement. “It's a challenge that requires a holistic approach, addressing people, data and computation."

“At Trifacta we are building a scalable solution to making data manipulation approachable and efficient,” added Trifacta's Chief Experience Officer, Jeffrey Heer, who also teaches at Stanford's Human-Computer Interaction research group.

"We see a lot of tech companies proposing to make computers more efficient at managing data," Ping Li, a partner at Accel who leads the Big Data fund, continued in a company statement. "But the key efficiency bottleneck today is with people, not computers. Trifacta is unique because of the team and their mission. The company has brought together a world class interdisciplinary team with expertise in database systems, data visualization and machine learning to focus on improving the productivity of today's analysts and empowering more people to work with data." Li also was named to Trifacta’s board, according to news reports.

Trifacta's technology addresses data productivity problems in Business Intelligence and Data Science. Trifacta's technology is appropriate for data sizes ranging from small files to petabyte big data repositories like Apache Hadoop.

Other investors taking part in the round included: X/Seed Capital, Data Collective LLC, and angel investors Dave Goldberg, Venky Harinarayan and Anand Rajaraman.

In addition to the new funding, Trifacta also unveiled the Trifaculty, which is a group of specialists in computing, visualization and data science that will advise the company on technical and design matters.

The California-based company currently has three employees, but it is expecting to expand. It is hiring engineers and designers, VentureBeat said.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Austin 2012, happening now in Austin, TX.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.

Edited by Brooke Neuman

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