Two Sigma has acquired Hivemind’s software platform, which combines automation and distributed human intelligence to distill semi- and unstructured data sources into high-quality, machine-readable data sets.
Hivemind’s software will be integrated into Two Sigma’s data engineering platform to enhance data preparation, data workflow, and machine learning capabilities.
“Two Sigma is fundamentally a data-driven organization. By integrating Hivemind’s software into Two Sigma’s infrastructure, we will increase the efficiency and accuracy of our alternative data workflows—a key input in our modeling and machine learning practices,” said Jeff Wecker, Chief Technology Officer at Two Sigma.
“We are excited to see the positive impact that Hivemind’s software, as well as the skilled data scientists and engineers that have joined our London office, will have on our business.”
Hivemind follows Two Sigma’s acquisition of Liberty Source, an onshore, socially responsible solution for data workflow management services, and Two Sigma’s strategic investment in Crux, an accessible, cost-effective data delivery and engineering operations service, as the company continues to grow its data engineering platform and optimize the data collection value chain.
Two Sigma acquired the Hivemind software platform from Hivemind Technologies, whose shareholders include Winton Group, Fidelity International Strategic Ventures, and Barclays.
