# Crux Informatics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crux-informatics

- Industry: Software
- Headquarters: New York, US
- Website: www.cruxinformatics.com
- Total disclosed funding: $77M
- Latest round: Series B (Jan 24, 2023)
- Investors on record: 3

## About

Crux Informatics Inc. specializes in external data onboarding and reliability, providing innovative solutions for data ingestion and quality assurance tailored for financial institutions and data-driven enterprises.Founded in 2017, Crux Informatics Inc. operates from New York, US, focusing on external data management solutions. The company has successfully completed four funding deals, with its most recent being a USD 50 mn Series B round on January 24, 2023, co-led by Goldman Sachs Merchant Banking Division and Two Sigma Ventures. The company’s founders include Benjamin Smith, Kevin Schenk, and Sahar Elmi, and it is currently led by CEO Silvina Scifo and William Freiberg. The firm has not undergone any notable strategic pivots since its inception.Crux Informatics Inc. provides a comprehensive platform for seamless external data onboarding, monitoring, and reliability, focusing on automating data ingestion and enhancing data quality. Its Managed Service offers full-service external data onboarding tailored for financial institutions, ensuring continuous data flow. The Self-Service solution empowers clients to independently design and manage their data pipelines. The platform utilizes AI-driven profiling to streamline data ingestion and standardization, ensuring real-time data validation, and is available across major international markets in sectors such as finance, analytics, and enterprise data management.The company's revenue model operates on dual offerings: Managed and Self-Service solutions. The Managed Service involves subscription-based transactions, providing ongoing support for data onboarding and monitoring, essential for real-time analytics. The Self-Service model typically utilizes a licensing fee for access to platform features. Strategic partnerships with data providers like Morningstar and Moody's Analytics enhance Crux's service offerings, creating additional revenue streams and reinforcing their B2B focus.In January 2023, Crux Informatics Inc. raised USD 50 mn in Series B funding to accelerate its product development roadmap as well as sales and marketing efforts. The company plans to introduce new product offerings aimed at expanding its service capabilities in the coming year. Additionally, Crux is targeting expansion into new geographic markets, although specific regions have not been disclosed. The recent funding will be instrumental in supporting these initiatives and enhancing its market presence.

## Funding rounds

- Series B, Jan 24, 2023, $50M — Two Sigma Investments, Goldman Sachs Asset Management
- Series B, Sep 5, 2018, $27M — Citigroup, Two Sigma Investments, Goldman Sachs Asset Management

## Investors

- Citigroup — Series B
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B