News Formal

Data startup Crux Informatics' changing leadership and tech strategy - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Two Sigma, Goldman, and Citi invested $41 million in data startup Crux Informatics. But the past 12 months has seen the startup churn through execs as it looks to solve Wall Street's data woes.

the hedge fund had led its $20 million Series B, which included follow-on investments from Goldman and Citi.

Initially, the majority of the development of the tech was done out of Crux' San Francisco office, which was made up of employees from Incapture Technologies, an enterprise software company Crux acquired in the fall 2017. Brittan said Crux bought Incapture to serve as a boost to the startup early on, with the goal of having most the tech work done there while the New York office would serve as the client-facing hub.

Sources say that the struggling tech prompted the board to push Brittan to hire a CTO, a role he had been doing himself since the company's founding, though Brittan said he was happy to bring on someone for the role, and interviewed roughly 20 candidates. Brittan said the firm has clients from the biggest hedge funds to small start-ups, though declined to name any beyond the investors that are already public about working with Crux.Etherington's hire started a strategy revamp, which included stripping down a lot of the firm's technology, several sources say.

Etherington's arrival led to him bringing in his own team and placing them in New York, sources said — often in similar roles to what people were already doing in San Francisco.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 729. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

JetBlue founder David Neeleman reveals new airline Breeze details - Business InsiderIn an interview with Business Insider, Neeleman explained how the unorthodox strategy can succeed, despite the costs of running an airline.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Tech giants like Facebook, Apple, Uber domination is good, natural - Business InsiderOpinion: The domination of tech giants like Uber and Facebook isn't a problem — it's part of a natural cycle. By kmaney of cd_advisors.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Gates Foundation plans to tackle climate change and gender equality - Business InsiderBill and Melinda Gates prioritize climate change and gender equality as the main global issues to tackle on the 20th anniversary of their foundation gardening .. it would be more productive to focus on growing natural nutritious food. ✅ And spent $500 Million on a boat to cruise around the seas, of course they care about so called climate change.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Guava Juice: Roi Fabito on his YouTube channel, merch, business - Business InsiderRoi Fabito started his YouTube career out of boredom in 2006. Today he has grown the Guava Juice empire into a lucrative business.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

A slew of Goldman Sachs exits; Credit Suisse bonus clawbacks; WeWork's board shakeup - Business InsiderWall Street Insider is a behind-the-scenes look at the stories dominating banking, business, and big deals.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »