The A.I. Boom Helped This Data Cleaning Startup Collect $100 Million From Investors

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Trifacta, a startup that specializes in cleaning corporate data so it can be analyzed, has raised $100 million in funding, underscoring current investor appetite for data-crunching startups amid the artificial intelligence boom. New Trifacta investors who were part of the funding round include Telstra Ventures, Energy Impact Partners, Japanese mobile operator NTT Docomo, BMW i Ventures, and Dutch bank ABN AMRO. Trifacta declined to comment on its valuation, but a source familiar with the deal said it's under $1 billion, which means the company is no unicorn startup, a status that requires a private valuation of over $1 billion. The startup's technology--referred to in the industry as data wrangling--sorts through copious amounts of data in order to standardize the information, which can often be labeled differently or duplicated when it's stored in multiple databases. For instance, people may describe dates differently across various databases, like putting the day before the month or vice-versa, or they may abbreviate months instead of spelling them out.


Telstra Ventures invests in Chinese API provider Cloopen

ZDNet

Telstra's venture capital arm Telstra Ventures has announced investing an undisclosed amount in Cloopen, a Chinese communications application programming interface (API) provider. The Beijing-based platform-as-a-service (PaaS) company enables developers to integrate messaging, video calling, and voice calling into their applications, along with security functions, with 150,000 developers including Tencent and Alibaba already using the platform for app development. According to Telstra Ventures managing director Matthew Koertge, the investment is a result of the burgeoning use of APIs within OTT applications in China, with opportunities to collaborate with the Telstra Software Group. "With the complex nature of the telecommunications infrastructure in China and different local policies and business practices in each province, Cloopen meets the need among application developers for simplified communications capabilities," Koertge said. "As a platform-as-a-service provider, Cloopen can easily integrate a set of communications APIs into applications that provide services such as car-hailing or meal delivery, which are booming in China, to enable functions like application-to-people voice and messaging, two-factor verification, and video conferencing.


Telstra invests in Indonesian, Philippines finance ecommerce companies

ZDNet

Telstra's venture capital arm Telstra Ventures has announced a strategic investment in C88, which owns and runs the largest consumer financial websites in Indonesia and the Philippines: CekAja.com and eCompareMo.com, The investment, made as part of the company's Series B funding round, flags Telstra's continued interest in the Asia-Pacific region's ecommerce market. "C88's properties, CekAja.com in Indonesia and eCompareMo.com in the Philippines, are the largest financial sites in their respective markets, connecting banks and insurers with consumers across a number of products, including loans, mortgages, and insurance," said Matthew Koertge, managing director of Telstra Ventures. "They offer ecommerce'apply now' functionality to consumers that is directly linked to the issuing bank or insurer, which means it is easy to use and creates a new customer onboarding channel for financial institutions." C88 also owns back-office infrastructure such as call centres and sales networks to assist consumers in completing financial transactions, and co-operates an insurance e-brokerage site in Indonesia called Premiro.com.


Telstra Ventures backs robotic digitisation company Ripcord

ZDNet

Telstra's venture capital arm Telstra Ventures has announced backing a robotic digitisation company, which it said is the world's first to specialise in document management.


Telstra backs mobile app testing company Headspin

ZDNet

Telstra's venture capital arm Telstra Ventures has announced investing in Silicon Valley-based mobile app testing company Headspin, citing the growth in downloads and usage of mobile apps globally.