Wrangle That Data: Trifacta Receives $35 Million
February 14, 2016
When I read “Data Cleaning Software Company Trifacta Raises $35 Million,” I realized that the notion of automating the clean up of disparate data was an unsolved problem. Odd. I have been operating on the assumption that tools from Lexmark Kapow and Palantir had tamed that stallion years ago. Wrong.
According to the write up:
New investor Cathay Innovation and existing investors Accel Partners, Greylock Partners, and Ignition Partners participated in the new round. To date, the company has raised more than $76 million, including the $25 million round announced May 2014.
That’s a reasonable chunk of change for a function many search and content processing vendors suggest is a no brainer. Trifacta has a pocketful of cash to provide some evidence that the belief that cleaning up data remains a big, big problem.
Will Trifacta surge to the top of the data clean up pile. If one takes a peek at the azure chip consulting firm reports on this housekeeping sector, there are quite a few vendors chasing customers in this sector.
Now returning to the question about incumbents like Kapow and Palantir. Where are these companies? I can understand why Kapow has slipped from some folks’ radar, but the Palantir operation is active in the commercial sector and seems to have helpers, wizards, and smart software which allows a person with little or no training to import, process, and extract insights from disparate data.
Do those funding Trifacta perceive Kapow and Palantir as companies unable or unwilling to tackle the problems Trifacta addresses? Good question.
Stephen E Arnold, February 14, 2016
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