An Intellyx Brain Candy Brief
Paxata, an early pioneer in the self-service data preparation segment, has announced a new round of funding led by industry heavyweights including Intel Capital, Microsoft Ventures and Cisco Investments.
Paxata provides a platform that closes the gap between two otherwise divergent trends: the desire for easy-to-use, self-service tools to collect and analyze data and the increasing complexity of the underlying data architectures.
The platform provides a comprehensive, web-based interface that allows data analysts to interact with data at scale while offering a unified approach to the complete data management lifecycle. Combined with AI-powered data integration and analysis features and a native, distributed cloud architecture, Paxata is finding significant uptake in key, data-intensive industries such as financial services, high-tech, retail, consumer goods, healthcare, and government.
The most recent round of funding will enable Paxata to expand the company’s global reach and continue its R&D and development efforts.
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