Goldman Sachs Invests in Big Data Analytics Start-Up

Goldman becomes the largest strategic investor in Kensho

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Goldman Sachs has invested in Kensho, a big data analytics platform

Goldman Sachs is the lead investor of a $15 million capital injection in Kensho, a financial analytics start-up, according to the Financial Times.

How much Goldman has invested remains unknown, but the firm is now the single biggest backer of Kensho, which also has investments from Google Ventures, Accel Partners and CNBC.

Goldman will use Kensho's analytics platform in its business, in addition to supplying it to some of its larger clients, according to the FT story.

Rana Yared, Goldman's managing director of securities, will serve on Kensho's board of directors, and Don Duet, Goldman's co-head of technology, will sit on Kensho's advisory board.

This is the third technology investment Goldman has made recently, also financing Motif, an online broker, and Symphony, a communications platform.

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