What is Enigma?
Enigma operates as a sophisticated data intelligence provider, specializing in the identity and financial health assessment of small and medium businesses. By synthesizing vast datasets from hundreds of public and third-party sources, the company constructs a comprehensive narrative for every business entity. This capability is essential for financial institutions and service providers that require precise, real-time data to facilitate lending, risk management, and operational growth. Through its advanced engineering, Enigma empowers organizations to navigate the complexities of the modern economy with greater transparency and analytical rigor.
How much funding has Enigma raised?
Enigma has raised a total of $132.7M across 4 funding rounds:
Series A
$4.5M
Series B
$28.2M
Unspecified
$95M
Other Financing Round
$5M
Series A (2014): $4.5M with participation from Comcast Ventures
Series B (2015): $28.2M led by New Enterprise Associates, Comcast Ventures, Two Sigma Ventures, The New York Times Company, New York City Investment Fund, and American Express
Other Financing Round (2018): $5M supported by BB&T Corporation
Unspecified (2018): $95M featuring New Enterprise Associates, Third Point, Comcast Ventures, MetLife, Partnership Fund for New York City, Crosslink Capital, Capital One Growth Ventures, Two Sigma Ventures, BB&T, and Glynn Capital
Key Investors in Enigma
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California, New Enterprise Associates is a venture capital firm focused on helping entrepreneurs build businesses.
Comcast Ventures
Comcast Ventures is the venture capital affiliate of Comcast Corporation, focusing on investing in consumer, enterprise, and frontier technology companies.
Two Sigma Ventures
Two Sigma Ventures is an early-stage venture capital firm that invests in transformative companies leveraging information growth and computing power.
What's next for Enigma?
Looking ahead, the recent capital injection is expected to accelerate Enigma's product development roadmap and market penetration. As the company matures beyond its earlier scaling phases, the focus will likely shift toward deepening its integration within the financial services ecosystem. By refining its predictive modeling and expanding its data coverage, Enigma aims to become the definitive source of truth for business financial health. The strategic backing from major financial and technology entities suggests a long-term commitment to fostering innovation in business intelligence, ensuring that Enigma remains at the forefront of the digital transformation of commercial finance.
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