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.”
The new investment, combined with strong financial performance in 2015, signals a breakout moment for the company, according to Attivio, as total investment in Attivio now stands at $102 million.
The funding is backed by Oak Investment Partners, General Electric Pension Trust, Tenth Avenue Holdings, and Per-Olof Soderberg.
“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 Edward F. Glassmeyer, Managing Partner of Oak Investment Partners. “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.”
Some highlights from 2015 include an expansion into the big data market with a new solution, Data Source Discovery, which provides an Amazon-like experience to radically accelerate data preparation, exclusive OEM agreement with PerkinElmer which boosted Attivio’s presence in Pharmaceuticals and Life Sciences, a technical alliance with Hortonworks, and more.
For more information about this funding announcement, visit www.attivio.com.