Opera Solutions, not to be confused with browser maker Opera Software, has raised a whopping $84 million in its very first round of outside equity funding. According to the Wall Street Journal, the round values the company at half a billion dollars.
The company, which is in the business of ‘Big Data’ analytics, got a capital injection from Silver Lake Sumeru, with participation from Accel-KKR, Invus Financial Advisors, JGE Capital Management, and Tola Capital.
Arnab Gupta, founder and CEO of Opera Solutions, explains why investors lined up to back them:
“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.”
Opera Solutions creates and provides hosted delivery of a suite of analytics solutions to companies in financial services, government, healthcare, and other sectors.
Founded in 2004, the company has 600 employees and offices in North America, Europe, and Asia.
Opera Solutions is a leader in applying advanced analytics to Big Data challenges. The firm uses a combination of analytics, technology, large-scale data management, and human expertise to serve large and mid-sized clients in a number of sectors, including financial services, investment firms, consumer goods, retail, manufacturing, distribution and government. According to the company, it delivers predictive analytics via cloud-based lean enterprise platforms, custom projects and strategic affiliations. Established in 2004 by CEO Arnab Gupta, the firm comprises 400+...