Paxata Wins Funds for Data Preparation Platform

In California, analytics start-up Paxata has received $8m in a Series B funding round, which will support the launch of its self-service 'Adaptive Data Preparation' platform, through which users can prepare their raw data for ad hoc analysis.

The cloud-based platform enables clients to collect, explore and combine business data from different sources, and reduce the manual steps required to prepare it for analysis. Commenting on the launch, Paxata co-founder and CEO Prakash Nanduri (pictured) said: 'Most business teams face challenges in deriving value from the ever-increasing and varied sources of information. They require a fundamentally different way to make all of that data ready for visualization and decisions... in minutes, not months.'

The firm's new funding is led by Accel Partners and other venture funds, as well as a strategic partnership with business analytics firm Tableau Software.

Web site: www.paxata.com .