The additional financing will be used to fuel the continuing innovation of its award-winning products and the growth of Trifacta’s global field organization. Leveraging on Cathay Innovation’s platform bridging three continents, Trifacta intends to make the most of the tremendous momentum it has built and to accelerate that success in Europe and Asia with the help of Cathay Innovation.
As the global leader in data wrangling software, Trifacta significantly enhances the value of an enterprise’s big data by enabling users to easily transform and enrich raw, complex data into clean and structured formats for analysis. Leveraging decades of innovative work in human-computer interaction, scalable data management and machine learning, Trifacta’s unique technology creates a partnership between user and machine, with each side learning from the other and becoming smarter with experience.
“2015 was a breakout year for Trifacta, from customer wins with companies like Kaiser Permanente, Juniper Networks, TeliaSonera and Royal Bank of Scotland, to an expanded partnership with Cloudera, to recognition by key industry analysts as the leader in data preparation,” said Adam Wilson, CEO at Trifacta. “With the significant data challenges facing organizations today, it’s great to see thousands of companies turning to Trifacta to enable their end users to wrangle data of all shapes and sizes.”
“Trifacta’s disruptive approach to data wrangling has cemented their position as the leader in the category,” said Mingpo Cai and Denis Barrier, co-founders of Cathay Innovation. “We are delighted to be able to leverage Cathay’s extensive network in Europe and Asia to support Trifacta in delivering their innovative technology to customers around the globe.”
About Cathay Innovation
Cathay Innovation is a global venture capital fund, created in affiliation with Cathay Capital Private Equity. It was founded around the shared conviction that supporting digital entrepreneurs by providing them with a platform bridging 3 continents – North America, Europe and China – constitutes a particularly powerful value-creation strategy. As a multi-stage fund, Cathay Innovation partners with visionary entrepreneurs, committed to driving change through technology. Such transformation is accelerated by leveraging Cathay Capital Private Equity’s extensive network with corporates and solid experience in operational excellence. Cathay Innovation has offices in San Francisco, Paris, Beijing and Shanghai.