Tuesday, June 23, 2015

Enigma Raises $28 Million for its Analytics Engine

Enigma, a start-up based in New York City, announced a $28.2 million Series B funding round to support its work in data discovery and analytics.


Enigma has developed an analytics engine that can search, discover and connect billions of previously unlinked public records from thousands of governments and organizations across the world. Enigma is now focusing these capabilities on the enterprise market, bringing its unique corpus of public data to bear on the problems and operational challenges facing the Fortune 500.

The funding round was led by New Enterprise Associates (NEA) with participation from Two Sigma Ventures and New York City Investment Fund, as well as existing investors American Express Ventures, Comcast Ventures and The New York Times Company.

“Enigma was created out of a realization that there is a massive amount of hidden knowledge that is locked away in various data silos and legacy systems -- when people have the tools to make sense of it, data can drive significant and impactful change,” said Marc DaCosta, co-founder and chairman of Enigma. “Abstract and Signals make it easy for organizations of every kind to liberate their own private data and unearth new insights that will allow them to make smart decisions, increase efficiency and compete more effectively.”

http://www.enigma.io

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