Infosys buys a minority stake in Trifacta

Infosys Ltd, India’s second-largest software firm has bought a minority stake in San Francisco-based Trifacta Inc. by making an undisclosed investment in the data visualization start-up, marking the seventh investment in a start-up from the company’s $500 million innovation fund.

Infosys’s investment in Trifacta, which applies machine learning technologies to help data scientists understand data better, is the company’s second investment in a data-focused startup. This January, Infosys had picked up a minority stake in Delaware-based Waterline Data Science Inc., a start-up which helps companies make sense of large data sets.

"We are thrilled to become a part of IIP and collaborate with Infosys as a key go-to-market partner. This partnership will play an important role in our global expansion, bringing the power and value of data wrangling to customers around the world," Adam Wilson, CEO of Trifacta, said.

Trifacta's investors include Accel, Greylock Partners, Ignition and Cathay Innovation.

As part of this deal, Trifacta will provide a "data wrangling" solution for the Infosys's big data platform and other software platforms that the company has built recently.

“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, at Infosys.

“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,” she added.

Infosys has been actively exploring companies working on innovative technologies. Last year, it had announced a $500-million Innovation Fund, earmarked for investments in the growth of disruptive new technologies resulting in investments in a bunch of early-stage startups such as Waterline Data, WHOOP, CloudEndure, ANSR Consulting and Airviz Speck.