In-Q-Tel invests in Paxata, which helps prepare raw data for analytics
Paxata, the first Adaptive Data Preparation platform that lets business analysts rapidly connect, explore, transform and combine data, announced on March 7 a partnership with — and an 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.”