Paxata Announces Strategic Partnership and Investment from In-Q-Tel to Expand Adaptive Data Preparation Beyond the Enterprise

REDWOOD CITY, Calif.--()--Paxata, the first Adaptive Data Preparation™ platform that lets business analysts rapidly connect, explore, transform, and combine data, today announced a partnership with and investment from In-Q-Tel (IQT), the strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community. The partnership will give IQT customers the ability to improve the data preparation stage of ad-hoc analytic exercises, rapidly transforming raw data into ready data for analytics.

Paxata’s technology enables users to break through the data preparation bottlenecks that have prolonged the analytic processes for decades,” said T.J. Rylander, Partner of IQT’s Investments Team. “The company’s solution has the potential to allow government analysts to create answer sets that accelerate accurate insight.”

Paxata’s platform lets users adapt and enrich data sets on the fly, give peers visibility and collaboration controls as needed, and retain historical context of how data is shaped and prepared over time. Paxata is a cloud-based, self-service solution powered by breakthrough technologies, including semantic algorithms, distributed computing techniques, and a highly interactive visual experience.

“In-Q-Tel’s investment and partnership is further validation that Paxata is truly delivering value to our customers – not just how they prepare data for analytics, but in finding new ways to use data they could never have dreamed of before,” said Prakash Nanduri, co-founder and CEO of Paxata. “We are thrilled to be able to provide that same value to IQT customers, expanding on the success we are already experiencing in the enterprise.”

About Paxata

Paxata is the first Adaptive Data Preparation™ platform built for the business analyst. Now everyone has the ability to rapidly turn all raw data into ready data for analytics—in minutes, not months – accelerating the time to right insights and action.

Paxata customers, Pax Pros, now have the freedom to collect, explore, transform, and combine data on their own or work with peers in a shared, transparent environment as they shape data for analytics. Paxata’s seamless connection with BI tools like Tableau Software, Qlik and Excel gives business people total flexibility to use the visualization and discovery solutions they prefer to use. Paxata is a cloud-based, self-service solution powered by breakthrough technologies including semantic algorithms, distributed computing techniques and a highly interactive visual experience.

Paxata dramatically reduces the most painful and manual steps of any analytic exercise, empowering analysts at market-leading companies like Dannon, Box and UBS to drive greater value for the business. In partnership with leaders like Cloudera, Tableau Software and Qlik, Paxata unlocks even greater potential from Big Data and Business Intelligence investments. Founded in May 2012, Paxata is headquartered in Redwood City, California. www.paxata.com, @paxata_news.

About IQT

In-Q-Tel is the not-for-profit, strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT’s mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community’s critical technology needs, IQT engages with entrepreneurs, startups, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and broader Intelligence Community. For more information, visit www.iqt.org.

Contacts

HORN
Alex Shapiro, 415.905.4011
alex.shapiro@horngroup.com

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Contacts

HORN
Alex Shapiro, 415.905.4011
alex.shapiro@horngroup.com