Infosys Invests In Data Analytics Startup Trifacta
India’s second largest software exporter Infosys has invested in Silicon Valley-based startup Trifacta. Trifacta is a data wrangling software solution provider that enables non-technical users to easily transform data for analysis. This is Infosys’s eighth investment in an early-stage venture over the past 18 months. However, the company has not disclosed the investment amount.
Infosys said that the investment will be completed on or before April 27. As part of this investment Trifacta will provide a data wrangling solution for the Infosys Information Platform (IIP) and Infosys’ other platforms and offerings
“We see tremendous potential in self-service data preparation solutions like Trifacta to significantly help clients unlock the business value of their diverse and fast-growing Big Data assets. This investment underscores our commitment to our clients to introduce a complete stack of data management solutions that complement our data management and automation platforms,” said Ritika Suri, Senior Vice President of Corporate Development at Infosys.
“We are thrilled to become a part of IIP and collaborate with Infosys as a key go-to-market partner,” said Adam Wilson, CEO of Trifacta.
“This partnership will play an important role in our global expansion, bringing the power and value of data wrangling to customers around the world. Together, the combination of IIP and Trifacta will address a broad range of big data use cases across a variety of business solutions, including trade data analysis, regulatory reporting, insurance modeling and predictive maintenance,” he said.
Over the past year and a half, Infosys has invested in a bunch of early-stage startups such as Waterline Data, WHOOP, CloudEndure, ANSR Consulting and Airviz Speck and spent at least $39 million from its $500-million venture fund in making these investments.
Similarly, Wipro, which in 2014 set up a $100-million venture arm, has also invested in a number of startups including big data startup Talena, artificial intelligence startup Vicarious and Pune-based Altizon, which has built a new-age Internet-of-Things powered platform. Another domestic software giant TCS is akso looking to work with start-ups in areas such as drone software platforms, the Internet of Things (IoT), mobility, cloud computing, business analytics. TCS has announced to set up intelligent systems centre at IIIT Hyderabad to promote startups and research.
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