Enigma Raises $95M in Funding

enigmaEnigma, a NYC-based Data-as-a-Service company, raised $95m in financing.

The round was led by New Enterprise Associates with participation from BB&T (read here), Capital One Growth Ventures, MetLife, Third Point, Glynn Capital, Comcast Ventures, Crosslink Capital, Two Sigma Ventures, and the Partnership Fund for NYC.

The company intends to use the funds to expand its network and platform that connects real-world and enterprise data to power key workflows, focusing on risk, procurement and fraud.

Led by co-founder and Chief Executive Officer Hicham Oudghiri, Enigma provides a SaaS platform that enables organizations to both utilize the data they have and leverage signals from real-world data to improve how they operate. To enable this, the company has built a vast knowledge bank of people, places and companies, grounded in public data, to create a unique map of the world for individuals and enterprises. Enigma has built data-rich workflows for financial risk management, compliance, pharmaceuticals and sales and marketing use cases.
Customers include BB&T, EMD Millipore, Celgene and Merck, among others.

Enigma was the winner of TechCrunch Disrupt NY 2013 and a graduate of the 2014 FinTech Innovation Lab.



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