# Enigma Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enigma-technologies

- Industry: Software
- Headquarters: New York, US
- Website: www.enigma.com
- Total disclosed funding: $130M
- Latest round: Series C (Jul 26, 2018)
- Investors on record: 13

## About

Enigma Technologies, Inc. delivers a robust business data platform designed for financial services, merchant services, and vertical SaaS businesses, offering real-time insights into operational metrics and customer analytics. Founded in 2011 in New York, US, Enigma Technologies specializes in providing a data platform that integrates extensive datasets on U.S. businesses. In January 2022, Enigma Technologies, Inc. raised venture funding from FJ Labs. Enigma offers a comprehensive business data platform tailored primarily for growth teams within the financial services, merchant services, and vertical SaaS sectors. The core product suite includes sophisticated data integration solutions that facilitate real-time insights into the financial health of over 18 million U.S. businesses. By combining numerous publicly available data sources, Enigma enables clients to refine their ideal customer profiles through granular data, thereby supporting proactive marketing strategies and risk management efforts. Key features include merchant card transaction analytics, customer onboarding automation, and compliance screening, all aimed at improving operational efficiency and decision-making processes. Enigma's solutions are designed to serve a diverse clientele, including financial institutions and service providers operating within the U.S. and potentially other North American markets.Enigma's revenue model is primarily based on B2B partnerships and subscription-based services, enabling businesses to leverage its extensive data offerings. Clients typically engage in annual or monthly subscriptions that grant access to the platform's comprehensive data sets and analytics tools. These subscriptions may vary in scope and pricing, reflecting the specific needs of financial institutions, merchant services companies, and SaaS providers. For instance, firms might utilize Enigma's data to enhance risk assessment processes, streamline customer onboarding, or conduct ongoing compliance screenings. The transactional structure emphasizes integration with clients’ existing workflows, facilitating seamless access to critical business intelligence and helping to drive informed decision-making.

## Funding rounds

- Series C, Jul 26, 2018, $95M — New Enterprise Associates, Comcast Ventures, Crosslink Capital, Third Point, Two Sigma Investments, MetLife Services and Solutions, LLC, Glynn Capital, Partnership Fund for New York City, Truist Financial Corporation, Capital One Ventures
- Series B, Mar 18, 2015, $28M — New Enterprise Associates, Comcast Ventures, Two Sigma Investments, The New York Times Company Regional Media Group, Partnership Fund for New York City, American Express Ventures
- Series A, Aug 30, 2013, $4.5M — Comcast Ventures, Crosslink Capital, The New York Times Company Regional Media Group, American Express Ventures
- Seed, Feb 27, 2013, $1.1M — Crosslink Capital, TriplePoint Capital
- Series A, Apr 4, 2012, $0.8M — Crosslink Capital

## Investors

- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A, Seed, Series C
- TriplePoint Capital (https://capitalatlas.ai/funds/triplepoint-capital) — Seed
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series A, Series B, Series C
- The New York Times Company Regional Media Group — Series A, Series B
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series A, Series B
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B, Series C
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Series B, Series C
- Partnership Fund for New York City (https://capitalatlas.ai/funds/partnership-fund-for-new-york-city) — Series B, Series C
- Third Point (https://capitalatlas.ai/funds/third-point) — Series C
- MetLife Services and Solutions, LLC — Series C
- Glynn Capital (https://capitalatlas.ai/funds/glynn-capital) — Series C
- Truist Financial Corporation — Series C
- Capital One Ventures (https://capitalatlas.ai/funds/capital-one-ventures) — Series C