P&C Technology
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More VC funding of Analytics Firms- Mu Sigma Raises $25M
Interesting to see so many analytics firms raising gobs of cash these days. I sincerely hope that these firms are building products and not simply providing professional services to owners of large datasets.
Latest big raise is from Mu Sigma, a Chicago-based firm that raised $25M from Sequoia. Details here.
Alpine Data Labs Secures $7.5M in funding
VC now backing analytics firms. Am curious to hear if players such as Alpine have specific algorithms that are directed to a particular problem, or if they plan to become large professional services plays. Will continue to watch this player.
Link to article is here.