Paxata provides an adaptive information platform that enables business users to transform raw data into ready information with clicks, not code. The platform is enterprise-grade, self-service, scalable, and built with governance for hybrid and multi-cloud deployments. Paxata’s tools sit on top of customers’ data lakes and allow non-technical employees across finance, compliance, and risk to combine, clean, and analyse complex data from multiple sources. The company emphasises rapid time-to-value, claiming results in minutes rather than months. Paxata has pursued international expansion, opening an Asia Pacific headquarters in Singapore in December 2016 while maintaining a headquarters in Redwood City, California and offices in New York, Ohio, Washington DC, and Singapore. It also highlights partnerships and joint R&D as part of its go-to-market and product development strategy. Paxata offers an enterprise-grade, self-service Adaptive Information Platform that automates data preparation for business analysts, operations and regulatory needs using semantic and machine-learning techniques. The platform leverages automated AI, elastic cloud architecture and distributed computing, is built on Apache Spark and optimized for Apache Hadoop, and supports large-scale, varied enterprise and cloud data sources. It can be deployed on-premises or in public, private or hybrid cloud environments. The company positions the product for both business consumers and IT, and maintains offices in New York, Ohio, Washington DC and Singapore in addition to its Redwood City base. Paxata says it will use newly raised funds to further accelerate the core semantic and machine learning behind the platform, expand globally into Europe and high-growth markets, and extend education around intelligent information management for business analysts, Chief Data Officers and IT management. The company is led by CEO and co-founder Prakash Nanduri. Paxata provides a user-friendly interface and machine-learning-driven tools to help business users clean, transform and combine raw data for analysis without relying on IT. Its product automates common transformations (deleting columns, correcting fields, merging synonymous fields like 'SKU' and 'product ID') and runs on Apache Spark for fast processing. The company targets analysts who use tools such as Tableau, Qlik or Excel and competes with startups like Trifacta and other analytics vendors embedding data transformation. Paxata emphasizes eliminating the middleman by teaching its algorithms the types of changes users make. The company came out of stealth mode in October 2013 and operates in an increasingly crowded market for self-service data-prep. Financially, Paxata has raised capital to scale its product and go-to-market efforts, with recent funding activity noted below. Paxata offers a cloud-based, self-service Adaptive Data Preparation platform that lets business analysts rapidly turn raw data into ready data through visual, collaborative workflows. Its technology leverages semantic algorithms, distributed computing techniques, and an interactive visual experience to simplify data cleaning, shaping, and enrichment. The platform integrates with BI tools such as Tableau, Qlik, and Excel and is used by customers including Dannon, Box, and UBS. Paxata positions itself to reduce manual steps in analytics and to unlock greater value from Big Data and BI investments in partnership with vendors like Cloudera. The company is expanding its addressable market by partnering with and receiving an investment from In-Q-Tel to bring its solution to Intelligence Community customers. Founded in May 2012, Paxata is headquartered in Redwood City, California. Paxata provides a cloud-based, self-service platform built for business analysts to turn raw data into ready data for analytics quickly. Its platform enables customers to collect, explore, transform, and combine data on their own or collaborate in a shared, transparent environment. The product integrates with BI tools such as Tableau, QlikView and Excel. The company intends to use the new funding to continue developing the platform and expand operations. Paxata has raised $8M in a Series B, bringing total funding to $10M after a $2M Series A from Accel, TOBA Capital, Cross Continental Ventures and Alan Baratz. The company is based in Redwood City, California and is led by CEO Prakash Nanduri.

Total raised

$60M

Funding rounds

5

Latest round

Equity

Latest activity

Oct 2016