Attivio raises $31 million to help companies make sense of big data

Attivio, a Newton, Massachusetts-based startup that promises to “accelerate data discovery,” announced today that it closed a $31 million financing round.

The investment, the startup said, will help the company to meet investors’ expectation of turning profitable “later this year.”

“Our increased investment underscores our belief that Attivio has game-changing capabilities for enterprises that have yet to unlock the full value of Big Data,” said Oak Investment Partners’ managing partner, Edward F. Glassmeyer.

Attivio also highlighted such recent business victories as landing lab equipment maker Thermo Fisher Scientific as a client and partnering with medical informatics shop PerkinElmer.

Oak Investment Partners, General Electric Pension Trust, and Tenth Avenue Holdings participated in the investment, which pushed Attivio’s funding to at least $102 million.