Newton-based "big data" company Attivio said today it has raised $8 million in funding from the General Electric Pension Trust, in addition to a $34 million investment led by Oak Investment Partners announced in October.
The company is known for its Active Intelligence Engine platform that
combines the power of enterprise search, business intelligence and big data
for strategic applications and solutions that can be deployed on premises or
in the cloud, officials said.
"Demand for information is exploding, with business users clamoring for
new combinations of data types, drawn from new sources, in higher volumes than
ever before," said Attivio CEO Ali Riaz in a statement. "AIE's value in
quickly unifying and accessing the traditionally separate silos of enterprise
data and content that limit business agility is resonating across an
increasingly large group of customers and industries. We are thrilled to have
General Electric Pension Trust as an investor to support us in meeting this
growing demand."
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Big Data Firm Attivio Raises $8 Million
January 9, 2013
Ira Kantor
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Source: (c) 2013 Boston Herald. Distributed by MCT Information Services
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