Infosys Ltd, India’s second-largest IT services exporter, has invested an undisclosed amount in Silicon Valley-based analytics software firm Trifacta.
The US firm, which offers data wrangling software that enables non-technical users to transform data for analysis, will provide its solutions to various Infosys platforms as part of the deal, the Indian company said in a statement.
“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,” said Ritika Suri, senior vice president, corporate development, Infosys.
Trifacta CEO Adam Wilson said the partnership with Infosys will help the US company expand globally. The combination of Infosys Information Platform and Trifacta will address a broad range of Big Data use cases across a variety of business solutions, including trade data analysis, regulatory reporting and insurance modeling, Wilson said.
This deal marks the eighth investment from the Infosys Innovation Fund, a $500 million venture fund that seeks to invest in technology startups across the world.
Earlier this year, Infosys invested $4 million in Waterline Data Science.
In December, it invested $3 million in WHOOP Inc, a US startup that offers performance optimisation solutions for professional athletes and sports teams. Prior to that, Infosys had picked up a minority stake in CloudEndure, an Israeli startup that provides cloud migration and cloud-based disaster recovery software, for $4 million.
The fund has also made investments in clean-tech startup Airviz, strategy and implementation services provider ANSR Consulting and Nova, which is a spin-off from DreamWorks Animation, an animation technology and animation film producer.
It has also backed Silicon Valley-based early-stage venture capital firm Vertex.