TELSTRA PURPLE
218
Telstra Ventures is a strategic growth investor in lighthouse technology companies that are commencing scale . Telstra provides venture capital investment via a “ Strategic Growth Investment ” approach .
Telstra Ventures is an investor in a number of innovative data- and analytics-focused startups , as Saad Siddiqui , Principal for Telstra Ventures , explains . “ The amount of data that we ’ ve generated in the last two years is more than what we ’ ve generated in the entire history of humankind . And over the last decade enterprises have collected more data on their customers and operations than they ever have and need to make decisions faster than they ever have .
“ Some of the new challenges that are emerging are that new workflows need to be redefined to manage these new data sets . Secondly , all the data needs to be compliant with new privacy regulations . On the back of these trends we ’ re looking at interesting companies that can allow customers and enterprises to get insights faster .”
One such company is Incorta , operating the world ’ s first direct data warehouse . Incorta can connect directly into source data to deliver insights faster than its competitors — up to a thousand times faster in some cases . “ They are behind the operations of some of the largest companies in the world ,” says Siddiqui .
He also cites Trifacta , one of the world ’ s premier data preparation solutions : “ Trifacta allows you to connect all different kinds of data – HR data , CRM data – in a single pane view with other tools and data sources . This becomes incredibly important in machine learning use cases because you need the data to be prepared .”
Another company in Telstra Ventures ’ portfolio is Near , the largest source of
SEPTEMBER 2020