Telstra's independent venture capital arm has shown its intention to expand into the artificial intelligence data market following a $US100m (145m AUD) capital raising for San Francisco company Trifacta. Trifacta employs machine-learning technology to deduce a greater depth of insights from the increasing level of data migrating to cloud-based storage. Australia's largest venture capital fund, Telstra Ventures Fund No 2, led the investment, joined in the round by the likes of Energy Impact Partners, NTT Docomo, BMW Ventures and ABN AMRO. Telstra Venture joins a long and credible list of existing investors from Accel Partners, Greylock Partners, Ignition Partners and Google. "The share register for Trifacta is very impressive. It is great to have so many experienced and impressive co-investors in this deal. That is a really massive plus for us," Mr Koertge said.
Sep-16-2019, 01:31:21 GMT