Newton software company Attivio secures $8m in new funding
Attivio Inc., a Newton-based software company, said Monday it has secured $8 million in funding from the General Electric Pension Trust.
That is in addition to a $34 million investment round that was led by Oak Investment Partners and that was announced in October, Attivio said in a press release.
Attivio’s software enables companies to analyze their data to solve complex business problems. Attivio calls its product the Active Intelligence Engine, or AIE.
In a statement, Attivio chief executive Ali Riaz 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. 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.”
To read an October post on Boston.com’s Innovation Economy blog about Attivio, please click here.Chris Reidy can be reached at firstname.lastname@example.org.