Singapore’s Big Data Solutions Firm Antuit Secures $56 Million Funding Led by Goldman Sachs
Antuit is an execution-oriented Big Data solutions firm that enables enterprise clients to unlock business value from “big and little data” through a spectrum of data management, visualization, predictive and optimization solutions. The company just received $56M funding for organic and inorganic growth expansion in the big data arena.
It is worth noting that the investment of up to $56 million led by Goldman Sachs (NYSE: GS), a leading global investment bank, and Zodius Capital (“Zodius’), an original founding investor.
Arijit Sengupta, Antuit’s CEO said, “The rapidly growing $10 billion plus Big Data services market is ripe to be organized and consolidated under a market leader. Goldman Sachs, an experienced investor in technology and services, brings us not only capital, but also deep expertise around how to grow into such a company and a global network of corporate relationships which will be instrumental to Antuit’s success.”
Ankur Sahu, Co-Head of private equity at Goldman Sachs in Asia said, “We believe Big Data analytics can be the next wave of global services and the industry is in the same early stage as IT Services in the 1990s and Business Process Outsourcing in the early 2000s. Driven by increasing data generation, faster processing speed and the evolution of data sciences, the market has tremendous growth potential.”
Neeraj Bhargava, CEO and Senior Managing Director of Zodius, noted, “Antuit has established a strong portfolio of global clients with which to build a market-leading, high-growth company. The company’s modular solutions uniquely combine an understanding of industry, business and data science to deliver better revenues, cost efficiencies and investment decisions for customers.”
Antuit aligns its solutions to each customer’s business needs, budget constraints and data context, and offers an Analytics-as-a-Service model which integrates people, products and methodologies seamlessly. Today, Antuit delivers solutions in two core areas: Supply Chain & Operations and Sales & Marketing.
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