Attivio Closes $31M in Funding Amidst Strong 2015 Results

Investment

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’s total investment now stands at $102 million, and investors are expecting the company to turn profitable later in 2016. Attivio is currently backed by Oak Investment Partners, General Electric Pension Trust, Tenth Avenue Holdings, and Per-Olof Soderberg. A large portion of the company’s expanding customer base is in investment banking, with six of the world’s ten largest institutions relying on Attivio. Attivio also added customers in high tech, the life sciences, and in the energy sector.

Attivio’s continued acceleration into the enterprise Big Data market is evident by the company being named a leader in both the 2015 Gartner Magic Quadrant for Enterprise Search and Forrester’s 2015 Q3 Wave report for Big Data Search and Knowledge Discovery Solutions.

Attivio’s CEO Stephen Baker added: “We had a watershed year in 2015. We launched Data Source Discovery for the BI market to radically reduce the time it takes to prepare data for analysis,” continued Baker. “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.”

Click here for Attivio’s full press release.

Timothy King
Follow Tim