Software companies and their investors see a huge opportunity to help big firms squeeze useful insights out of the vast troves of data they’re accumulating.
The latest example is Newton, MA-based Attivio, which today announced it raised $31 million in financing. The data-analysis software provider has now raised $102 million total from its investors, which include Oak Investment Partners, General Electric Pension Trust, Tenth Avenue Holdings, and Per-Olof Soderberg.
Attivio says its software licensing revenue doubled last year, and it’s eyeing profitability this year. Founded in 2008, the company’s customers include Citi, Qualcomm, UBS, GE, and Thermo Fisher Scientific.