CHICAGO—Megalytics, Inc., a big data and analytics company focused on commercial real estate risk, has recently landed its first venture capital investment. It closed a $1 million funding round, led by Chicago-based West Loop Ventures on May 25, 2017.
Chief executive office Donna Salvatore founded Megalytics in 2014, and it already helps dozens of clients harness and understand the vast amount of data now available on potential transactions or trends. And this first funding round will allow company to publicize what it can do.
“We plan to use the money to build out our sales infrastructure,” Salvatore tells GlobeSt.com. Megalytics, located on the North Side of Chicago, just opened a New York office, and is looking for a West Coast location as well.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
