Xignite Eyes Bond Data, On-Demand Analytics with New Funding

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Stephane Dubois, CEO and founder, Xignite

Web services data provider Xignite plans to significantly increase the amount of market and reference data that it can offer on-demand, as a result of a $10 million funding round secured earlier this summer and announced last week.

The San Mateo, Calif.-based vendor will use the fundraising—led by StarVest Partners and John Steffens, founder of Spring Mountain Capital and a former vice chairman of Merrill Lynch—to acquire new datasets to “expand the breadth and depth of information and services