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Attivio Survey Exposes Disconnect Between Big Data Excitement and Organizations’ Ability to Execute
Attivio, the Data Dexterity Company, announced the findings of a recently commissioned survey of Big Data leaders, which revealed a strong confidence that corporate Big Data strategies are headed in the right direction (94 percent).
Attivio raises $31 million to help companies make sense of big data
Attivio, a Newton, Massachusetts-based startup that promises to “accelerate data discovery,” announced today that it closed a $31 million financing round. The investment, the startup said, will help the company to meet investors’ expectation of turning profitable “later this year.” “Our increased investment underscores our belief that Attivio has game-changing capabilities for enterprises that have yet to unlock the full value of Big Data,” said Oak Investment Partners’ managing partner, Edward F. Glassmeyer. Attivio also highlighted such recent business victories as landing lab equipment maker Thermo Fisher Scientific as a client and partnering with medical informatics shop PerkinElmer. Oak Investment Partners, General Electric Pension Trust, and Tenth Avenue Holdings participated in the investment, which pushed Attivio’s funding to at least $102 million.
Attivio Closes $31M in Funding Amidst Strong 2015 Results
Attivio, “the data dexterity company” yesterday announced a $31 million dollar private funding round and record results for the most recent fiscal year. According to the company: “License bookings surged 150% YOY, license revenue increased 100% YOY, and the renewal rate was 95%.” Impressive numbers to be sure, and the new investment, combined with a strong financial performance paint a bright picture for the company’s future.
Attivio Raises $31M in Funding
Attivio, a Newton, MA-based big data analytics company, raised $31m in funding. Backers included Oak Investment Partners, General Electric Pension Trust, Tenth Avenue Holdings, and Per-Olof Soderberg. The company, which has raised $102m in total funding, intends to use the funds to expand operations. Led by Stephen Baker, CEO, Attivio aims to provide customers with software to quickly access the right data and to work with it to get it to the point of informing decisions. The company’s solution is used by companies in the financial services, high tech, life sciences, and energy sectors. The list of customers include Thermo Fisher Scientific, Citi, Qualcomm, UBS, GE, Nexen, and National Instruments, among others. Technical partners include Hortonworks, and BI vendors Tableau, TIBCO Spotfire, and Qlik.