Enigma

Enigma was founded by Hicham Oudghiri and Marc DaCosta. A 2018 company retrospective recounts that they met at Columbia UniversityColumbia UniversityColumbia University, formally Columbia University in the City of New York, is a private research university in New York City and a member of the Ivy League. Founded in 1754 by royal charter from King George II as King's College, it is the oldest institution of higher education in New York State and the fifth oldest in the United States. It was renamed Columbia College in 1784 and adopted the university name and moved to Manhattan's Morningside Heights in 1896. It has 17 schools and four affiliated colleges, with 35,978 students enrolled in fall 2025. Legal scholar Jennifer L. Mnookin became president on July 1, 2026.Open the full entry in 2004, began organizing US Federal Aviation Administration aircraft-registration data in 2010, and incorporated in 2011. Their initial aim was to make fragmented public records searchable and connected across organizations and formats.⁠[1]

Enigma won TechCrunchTechCrunchTechCrunch is an American technology news outlet founded in 2005 by Michael Arrington and Keith Teare and headquartered in San Francisco; it mainly covers technology companies, startups, and venture capital, and hosts events such as TechCrunch Disrupt. Its ownership passed successively through AOL, Verizon, and Yahoo, and in 2025 Regent announced its acquisition.Open the full entry Disrupt New York in 2013 and participated in the FinTech Innovation Lab in 2014. Later company announcements linked its early public-data search capabilities to enterprise data integration, with applications expanding into financial risk, compliance and life sciences.⁠[2]

Enigma disclosed a US$28.2 million Series B led by NEA, with Two Sigma Ventures, the New York City Investment Fund and existing investors American ExpressAmerican ExpressAmerican Express Company is a payments company headquartered in New York that issues credit and charge cards and operates its own payments network; founded in 1850, it is listed on the New York Stock Exchange.Open the full entry Ventures, ComcastComcastComcast Corporation is an American media and technology company headquartered in Philadelphia. It began in 1963 when Ralph J. Roberts bought a small cable television operator in Tupelo, Mississippi, and its businesses include Xfinity, Comcast Business, NBCUniversal, Sky, and Peacock. The company completed the spin-off of Versant Media in January 2026 and in June of that year announced plans to separate NBCUniversal and Sky into an independent public company, expected to take about a year.Open the full entry Ventures and The New York Times Company participating. Planned expansion covered its team and enterprise products: Abstract organized fragmented internal data, while Signals combined public and internal information for analysis.⁠[3]

Enigma announced its participation as a data partner at the launch of Crunchbase Pro, contributing its public-data capabilities. The announcement also named ApptopiaApptopiaApptopia is a mobile app intelligence and consumer-data company headquartered in Boston. Founded in 2011 by Eliran Sapir and Jonathan Kay, it pivoted from an app marketplace to data services in 2015. It combines app analytics, consumer panels and modeling to estimate downloads, usage and revenue for investment research, brands and app publishers, distributing information through its own products, data interfaces and partners including Bloomberg.Open the full entry, GlassdoorGlassdoorGlassdoor is a US platform for employer reviews, salary information, workplace communities and job matching. Founded in 2007 by Robert Hohman, Rich Barton and Tim Besse, it launched publicly in 2008. Recruit Holdings acquired the company in 2018; Indeed operates its services following the 2026 merger of Glassdoor LLC and Indeed, Inc. Its job-seeker products combine employee experiences with job data, while employers use its branding and recruitment-related products.Open the full entry, Product HuntProduct HuntProduct Hunt is a product-discovery and launch community founded by Ryan Hoover in 2013 and operated by Product Hunt, Inc. Makers present new products, while users vote, comment and review them and discover tools through categories, forums and AI search. AngelList announced its acquisition in 2016; as of November 2026, its official website lists Rajiv Ayyangar as CEO.Open the full entry and SimilarWeb among the partners. The relationship concerned data integration and distribution, rather than an acquisition of Enigma by CrunchbaseCrunchbaseCrunchbase is a private-company data and intelligence platform headquartered in San Francisco. It launched in 2007 as TechCrunch’s startup database, and its own company profile lists Michael Arrington as founder. It passed to AOL with TechCrunch in 2010 and was spun out of AOL/Verizon in 2015 with backing from Emergence Capital, with Jager McConnell as CEO; it has since raised more than $100 million and launched Pro, Enterprise, API and Crunchbase News products. Since 2025 it has focused on using AI to forecast private companies’ funding, growth and exits, delivering its data through MCP, APIs and third-party AI platforms.Open the full entry.⁠[4]

Enigma announced US$95 million raised since its previous public financing announcement in June 2015. NEA led the funding, joined by new investors including BB&T, Capital OneCapital OneCapital One Financial Corporation is a diversified financial services holding company headquartered in McLean, Virginia, with Credit Card, Consumer Banking and Commercial Banking segments; since completing its acquisition of Discover in 2025 it has owned the Discover, PULSE and Diners Club International networks, and its stock is listed on the New York Stock Exchange.Open the full entry Growth Ventures, MetLife, Third Point and Glynn Capital, alongside several early backers. Planned uses included knowledge graphs, data integration and risk, procurement and fraud applications. The amount covered a period of fundraising, rather than necessarily a single transaction completed that day.⁠[2]

Enigma announced the spinout of PrimeThePrimeagenThePrimeagen (Michael Paulson) is an American programmer and streamer who worked as a software engineer at Netflix from 2013 and is known for programming streams and videos on Twitch and YouTube, the Neovim plugin Harpoon and his Frontend Masters courses.Open the full entry, a small-business lending platform for banks. Capital One, Third Point Ventures, Customers Bank and NEA committed US$49 million to Prime, which planned to use Enigma business data in lending workflows. That commitment was financing for Prime, not a new Enigma round. The announcement said Hicham Oudghiri would serve as Prime’s executive chairman and interim CEO during the transition, with a launch then planned for the second half of 2022.⁠[5]

Enigma announced US small-business financial-health data on Databricks Marketplace, delivered through Delta Sharing. Attributes included card revenue, growth, average transaction size, payment technologies and subindustry information for sales, marketing and risk analysis. The announcement described a panel covering roughly 40% of US card volume; estimates derived from that panel are not direct access to every business’s complete accounts.⁠[6]

Enigma introduced a rebuilt platform whose Identity Graph connects brands, legal entities, operating locations, trade names and parent-company relationships, supported by semantic search, a new Console and GraphQL. A graph-model-1 version for business verification was in private preview at the time. The announcement also reported a 70% success rate for card-revenue estimates falling within 30% of actual values, a company-reported measure for a specific revenue metric.⁠[7]

Hicham Oudghiri introduced Enigma’s live MCP server, allowing AI tools to query its business data, and discussed Gov Archive government-record search in the same announcement. Subsequent developer documentation listed compatible tools including Claude, ChatGPT, Cursor and Gemini CLI. As of November 2026, the documentation still labeled the remote MCP server as beta.⁠[8][9]

Enigma further described Gov Archive as a system that resolves a business and its related names before linking government records such as enforcement actions, permits, inspections, liens and procurement, retaining provenance to agencies and filings. Government datasets differ in format and update cadence. This was a further explanation of a capability already discussed in the August 2025 MCP announcement.⁠[10][8]

Enigma described its KYB Agent available through Google Cloud Marketplace. Given a business name and address, it calls Enigma APIs to apply an organization’s policy across name, address, state registration, watchlist and tax-identification checks, returning check-by-check reasoning. Built with GoogleGoogleGoogle is an American technology company founded by Larry Page and Sergey Brin and incorporated in 1998. It became an Alphabet subsidiary in 2015. Its businesses include internet search, advertising, software platforms, cloud computing, and artificial intelligence.Open the full entry’s Agent Development Kit and Gemini Flash among other components, it supports individual businesses through chat and batch processing through spreadsheets.⁠[11]

Enigma announced a partnership with Parallel to bring linked business identities, locations, people and ownership information to AI-oriented research indexing and inference services. It described adding business relationships to research infrastructure so queries could extend beyond a single name to connected entities; the announcement did not describe an acquisition.⁠[12]

Proof and Enigma announced a partnership combining Enigma-maintained business identity with Proof-issued Business Certificates to establish a company’s identity and the authority delegated to people or systems acting for it. Examples included contracts, invoices and wire transfers. C2PA support was described as being developed, rather than completed. The announcement identified Hicham Oudghiri as Enigma’s co-founder and CEO.⁠[13]

The official blog index dates the politically exposed persons (PEP) update to July 31, 2026. Its product description says PEP data was incorporated into the existing KYB Watchlist API alongside sanctions screening, covering the United States, Canada, Europe and parts of Asia and the Middle East, sourced from government records and refreshed weekly. These are the company’s coverage and maintenance representations, not a statement that every public official in each region is included.⁠[14]

Enigma announced that it was one of the first 15 companies in TinyFish’s Data Partners Alliance, supplying linked business identities and relationships to AI agents conducting research and workflows on the web. The announcement emphasized business networks with source and date information, intended to distinguish overlapping names, people and addresses rather than simply aggregate open-web pages.⁠[15]

As of November 2026, Enigma provides US business-identity and financial-health data for verification, screening, merchant risk and underwriting, payments and market development through Console, APIs and MCP. Its Identity Graph connects brands, legal entities, locations and people, while card-transaction panels support revenue and operating-trend estimates. Relationship-matching precision and revenue-estimation error are different metrics; neither establishes that all revenue figures have been audited.⁠[16][17][7]

The service is operated by Enigma Technologies, Inc., a Delaware corporation whose company profile lists New York. Its privacy policy says business data may include contacts, registered agents and transaction-related information; some business-contact data is personal information, and certain licensed disclosures may constitute sale or sharing under applicable law. It describes access, correction, deletion and opt-out requests, subject to verification and exceptions. Its security page states SOC 2 Type 2 compliance, encryption in transit and at rest, and third-party penetration testing. These are the company’s published governance and security representations.⁠[18][19][20]