Predictive Analytics Firm Secures $84 Million in New Funding
Sept. 21, 2011
Opera Solutions, LLC, a New York City-based predictive analytics firm, received an $84 million minority investment led by Silver Lake Sumeru, with participation from Accel-KKR, Invus Financial Advisors, JGE Capital Management, and Tola Capital. The company said its technology has applications across many industries including anti-fraud for the e-commerce world. “Opera’s core value lies in turning Big Data into Small Data – that is, using advanced machine intelligence to extract valuable signals and patterns from massive data flows and turn them into a stream of analytically enriched guidance brought to the front lines of our customers’ businesses,” said Arnab Gupta, Chief Executive Officer and Founder of Opera Solutions. “The ‘infrastructure of intelligence’ we create drives significant business performance improvement, whether we are working with the Global 250 to transform their massive data reserves into valuable strategic assets, or delivering specific solutions in fraud, risk management, customer attrition, procurement optimization, cyber security, portfolio valuation, and the like.” Opera was founded in 2004 and has 600 employees and offices in North America, Europe, and Asia.