Wednesday, June 26, 2019

MX Adds $100M For Data Analytics Software

Lehi, Utah-based MX has raised $100M in its Series B funding round, the company said on Tuesday, bringing its total raised to $175M. The startup said the round was led by Battery Ventures, and also included both new investors H.I.G. Growth Partners, Point72 Ventures, Sorenson Ventures, Pelion Venture Partners, and Cross Creek Capital plus existing investors Industry Ventures, Digital Garage, TTV Capital, and Commerce Ventures. The funding round also included customers National Bank of Canada and Washington Federal Bank. According to the company, the round will go towards growth, hiring, partnerships, and other efforts. MX develops software used by banks, credit unions and financial technology companies, which helps them analyze and collect financial data. More information »