US-based data-as-a-service provider Enigma received $95m in funding yesterday from investors including financial services firms BB&T and Capital One, mass media company Comcast and insurance provider MetLife.
New Enterprise Associates (NEA) led the round, which also included Third Point, Glynn Capital, Crosslink Capital, Two Sigma Ventures, and the Partnership Fund for NYC.
Capital One and Comcast invested through respective corporate venturing arms Capital One Growth Ventures and Comcast Ventures, while MetLife participated through its co-investment fund MetLife Digital Ventures and BB&T took part through an unnamed vehicle.
Enigma operates a platform that collects internal and public data about companies, places and people in order to facilitate applications such as evaluating insurance risk, combating money laundering, ensuring regulatory compliance and marketing products efficiently.
The company will use the fresh capital to open a first satellite office and hire additional staff.
Enigma previously secured $28.2m in a series B round in 2015 backed by Comcast Ventures, payment services firm American Express’s investment arm American Express Ventures and media group The New York Times Company.
NEA led the series B round, while Two Sigma Ventures and the Partnership Fund for NYC also took part.
Comcast had previously led a $4.5m series A round in 2014, investing alongside American Express, the New York Times and Crosslink. Enigma obtained approximately $1.9m in seed funding from TriplePoint, Crosslink and angel investors between 2012 and 2013.