$80+ Million for Opera Solution's First Round of Funding

Investors have a lot of faith in this one.

Led by Silver Lake Sumeru (with participation from Accel-KKR, Invus Financial Advisors, JGE Capital Management, and Tola Capital), the $84 million investment is quite impressive. Opera Solutions says that its equity financing is “one of the largest ever” for a private company in the Big Data predictive analytics space.

Arnab Gupta, founder and CEO, happily touted the investment in today's press release.

“We are delighted that such a distinguished group of investors shares our optimism and confidence in Opera's strategic approach and our capabilities,” said Gupta. “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.”

John Brennan, Managing Director of Silver Lake Sumeru, was also impressed. “As organizations adopt outcomes-oriented predictive analytics solutions, Opera stands out as being uniquely poised for growth,” he said. “We believe customers will need – and invest in – analytics applications that can generate specific business process recommendations. The sophisticated machine learning approaches of the Vektor platform, combined with Opera's extraordinarily talented team, can bring these superior analytics solutions into customers' ongoing operations without extensive IT or infrastructure investment.”

Via: TechCrunch

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