By partnering with Crux, we not only hope to broaden the spectrum of datasets we can use to measure and model markets around the world, but also renovate the way that data is generated and consumed across the data-driven economy. We are creating a new category of data platforms and look forward to working with Two Sigma and others to continue our success."Īli-Milan Nekmouche, Chief Data Strategist for Two Sigma, said: "Crux is building a unique and scalable technology that is addressing a critical aspect of the data science workflow, where mutualization across data consumers will yield significant industry-wide efficiencies. Two Sigma is a leader in its approach to data science and we look forward to partnering on best practices and shared insights, and continuing to build a solution that redefines how an industry thinks about consuming and distributing data. Demand for our solutions has been growing, and Two Sigma's endorsement of our platform and approach is a true validation of our mission. Philip Brittan, CEO of Crux, said: "We are thrilled to have Two Sigma support Crux in such a direct way.
Crux will support Two Sigma in performing the critical processes to extract, transform and load data, commonly referred to as ETLs, enabling Two Sigma to focus more fully on its differentiated capabilities of finding value in the data. These resource-intensive tasks burden companies that could otherwise devote more time to interpreting and analyzing data.
Terms of the deal were not disclosed.Īs the ubiquity and importance of data continues to increase, companies are spending too much time ingesting, cleaning and structuring data sets. As part of the partnership, Two Sigma is making a minority equity investment in Crux, joining Goldman Sachs and Citi, two of Crux's other investors, to help Crux grow its platform to meet the data-hungry demands of the financial services industry. 6, 2018 /PRNewswire/ - Crux Informatics ("Crux"), a leading data engineering and information supply chain operator, announced it had entered into a strategic partnership with Two Sigma, one of the world's largest systematic investment management firms.
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