News Column

Big Data Firm Attivio Raises $8 Million

January 9, 2013

Ira Kantor

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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Source: (c) 2013 Boston Herald. Distributed by MCT Information Services


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