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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.
New Money: Attivio Brings In $31M, Spark Capital Is out Fundraising, Burst Gets Sinclair $$
Attivio, which calls itself a "data dexterity" company, raised the latest financing as it reached record results for the most recent fiscal year. That includes seeing license bookings increase 150 percent and license revenue 100 percent, with a 95 percent renewal rate. The company, which has raised $102 million to date, is expecting to become profitable later this year. Its Big Data solutions serve six of the world's ten largest full-service investment banks, and it also has customers across high tech, life sciences and energy sectors. "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," Edward F. Glassmeyer, managing partner of Oak Investment Partners, said in a statement. "Specifically, Chief Data Officers who are trying to compete on analytics will really like Attivio's unique ability to connect the dots that unify data across silos."
Attivio Adds $31M to Advance “Data Discovery,” Eyes Profits
Software companies and their investors see a huge opportunity to help big firms squeeze useful insights out of the vast troves of data they’re accumulating. The latest example is Newton, MA-based Attivio, which today announced it raised $31 million in financing. The data-analysis software provider has now raised $102 million total from its investors, which include Oak Investment Partners, General Electric Pension Trust, Tenth Avenue Holdings, and Per-Olof Soderberg. Attivio says its software licensing revenue doubled last year, and it’s eyeing profitability this year. Founded in 2008, the company’s customers include Citi, Qualcomm, UBS, GE, and Thermo Fisher Scientific.
Attivio Receives a Substantial Funding Increase after Watershed Year in 2015
Attivio, the Data Dexterity Company, is receiving $31 million in investment financing that will help expand the company as it accelerates its offerings into the big data market. “We had a watershed year in 2015,” said Stephen Baker, CEO of Attivio. “We launched Data Source Discovery for the BI market to radically reduce the time it takes to prepare data for analysis. Meanwhile, two top analyst firms separately acknowledged us as a leader in the enterprise search market, which is where our journey began. We’re uniquely positioned to help enterprises gain immediate visibility into all the right information.”