Crux Informatics, a NYC-based informatics platform and secure cloud service to store and explore data, emerged from stealth mode and announced a $10m Series A financing.
The round was led by Goldman Sachs Principal Strategic Investments (PSI) with participation from other institutional investors.
The company will use the funds to continue to develop the platform and expand operations.
Led by Philip Brittan, CEO, Crux provides hedge funds, banks and insurance carriers with an integrated cloud service to store, explore and transform data.
The solution includes:
– a toolset for creating data production pipelines to include data import, analysis, visualization and exploration
– a rich suite of APIs to connect with third party services
– detailed audit trails, versioning and consumption metrics
– controlled access to data through granular entitlements
– data engineering concierge service.
The Crux Supplier Network brings together content from multiple sources and enables in-house datasets to work alongside those from established data providers. The Network enables:
– discovery of new and interesting content
– evaluation of data sets before making a purchase decision
– ability to acquire the dataset directly from the data provider
– connection and interaction with a global data-focused community
Crux does not sell or resell any data or analytics – producers and consumers can count on Crux being an objective, neutral partner. Producers have full control over where their data goes. Providers license their content directly to customers and Crux acts as a third party facilitator to wire up and watch over the data pipelines, on behalf of customers.