Big data company Antuit holdings has raised $56 million from investment bank Goldman Sachs and existing investor Zodius Capital. The funding will be used to support the company’s acquisitions and organic growth.

Earlier in 2013, Antuit raised $3 million from Zodius Capital and a part of the funding was used to buy U.S.-based analytics firm Marketwell in a part cash and part stock deal. Zodius Capital had set up a fund in 2014 called Zodius Capital II to support early-stage investments and Antuit was also part of its portfolio companies. The fund is looking to make investments of around $25 million – $40 million across 15 companies, according to this The Economic Times report.

Founded in 2013 by Arijit Sengupta and Neeraj Bhargava (who’s also the CEO and senior managing director of Zodius), Antuit provides analytics-as-a-service in two core areas of supply chain & operations  and sales & marketing. Antuit counts Avon, Fonterra, Hyatt and Orix corporation as its clients. The company has offices in New York, Seattle, Singapore, Bangalore and Auckland. Sengupta, an ex-IBM executive, told TechCrunch that the company has an aggressive growth plan and will look towards Europe for acquisition opportunities.

Other big data investments and competition

The big data analytics space is crowded to say the least. We wonder if there will be more consolidation in the industry. We look at some of the investments in big data last year:

– Microsoft Accelerator incubated-Qubole secured $13 million in December in a series B financing led by Norwest Venture Partners. Qubole’s flagship product, QDS, runs the Hadoop infrastructure where both developers and non-developers can easily analyze and collaborate with their company’s data.

– Earlier in July 2014, Mumbai-based big data analysis firm Peel-Works has secured a $2 million investment from IDG Ventures India and Inventus Capital Partners.

– In March 2014, Mumbai-based big data analytics firm Germin8 has raised $3 million in Series A funding from Kalaari Capital.  Germin8 has developed a product called Explic8 which helps brands analyse conversation aggregated from public sources like social media & news sites and company-owned sources like emails & chats in real-time and convert them into leads.

– Mobile VAS company Altruist Technologies has acquired Hong Kong and Kolkata-based analytics company iConnectiva in September 2014. iConnectiva provides fraud management, revenue assurance and big data analytics solutions among others to telecom, media and utility companies.

Indix with offices in Chennai and Seattle raised $8.5 million  co-led by Avalon Ventures and Nexus Venture Partners  in March 2014. Indix’s product offerings include a product intelligence application for brands and retailers, and APIs for products, prices, promotions and stores. It can help brands and retailers discover insights on pricing and assortment in real-time, apart from monitoring products and sellers across a market.