BMW i Ventures invests in Trifacta for data wrangling
BMW's venture capital fund, i Ventures, has announced an investment in Trifacta, a data wrangling specialist.
The new capital will accelerate the company's continued expansion into new geographies and product areas, in particular expanding upon the company's use of intelligent automation throughout the platform.
Trifacta leverages research in human-computer interaction, scalable data management and machine learning to make the process of preparing data faster and more intuitive.
«As we face an exponential growth in big data - from machines in our factories to connected cars on the road - we believe that Trifacta's data prep solution will be key to accelerating the feedback loop between the hordes of data produced everyday and the types of insights and actions taken by large organisations Trifacta's toolset is key to harvesting the data lakes and is therefore an enabler when shifting to a truly digital organization» said Marcus Behrendt, partner, BMW i Ventures.
«AI, machine learning and analytics have become the primary growth opportunities for the cloud today. Yet, it's this growth that is causing barriers to success as AI projects overwhelmingly face the same problem - data quality» said Adam Wilson, Trifacta Ceo.