Infosys Invests in Valley’s Trifacta
Bengaluru: Infosys has invested an undisclosed amount in Silicon Valley-based startup Trifacta, which helps clean up data to make it more usable and insightful, marking its eighth investment in an early-stage venture over the past 18 months.
Infosys said that the investment will be completed on or before April 27. As part of this deal, Trifacta will provide a “data wrangling” solution for the Infosys’ big data platform and other software platforms that Infosys has built recently. “We see tremendous potential in selfservice 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 VP of Corporate Development at Infosys. Over the last 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 $500million venture fund in making these investments.
This is Infosys’ eighth investment in an earlystage venture over the past 18 months