NEW YORK, March 1, 2018 /PRNewswire/ -- Crux Informatics, a leading data engineering and information supply chain operator, announced a strategic investment from Citi. Citi's investment, along with Goldman Sachs and other previously announced strategic investors, brings Crux's total funds raised to $21 million.
Data engineering typically accounts for 70-80% of the total effort a firm spends on making use of data. Crux was built to alleviate the time-consuming burden of the non-differentiated data work companies must do before they can extract value from their data. From data supplier to data consumer, Crux connects market participants to on-demand, actionable data.
"The Crux value proposition as a data concierge service, coupled with its diverse community of datasets, solves an ever-increasing challenge within financial services," said Bill Hartnett, Managing Director at Citi.
"Citi's investment is another gratifying endorsement from a prominent leader in the financial services industry," said Philip Brittan, CEO of Crux. "Crux helps companies reduce the effort and money spent acquiring, exploring and processing large amounts of data. Crux implements and operates the data processing pipelines that respond to customers' unique requirements."
About Crux Informatics
Crux was built to solve the pain of acquiring usable data faster by helping firms find, explore, and transform data with ease. Crux offers a Data Engineering Managed Service on its Informatics Platform to take on the burdensome and non-differentiating aspects of our customers' information supply chains so they can focus on what really matters most: driving actionable insights for their businesses. At Crux, we make data delightful. Visit us at www.cruxinformatics.com