Two Sigma Announces Acquisition of Hivemind Software

NEW YORK – August 24 – Two Sigma today announced that it 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.

Separately, Two Sigma welcomed several former Hivemind data science and engineering team members to its London office.

“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 Limited, whose shareholders include Winton Group Limited, Fidelity International Strategic Ventures, and Barclays.

About Two Sigma

Two Sigma is a financial sciences company, combining rigorous inquiry, data analysis, and invention to solve the toughest challenges in investment management, insurance, securities, private equity, and venture capital. Founded in 2001 by David Siegel and John Overdeck, Two Sigma employs over 1,800 creative minds, and has offices in New York, Houston, Portland, London, Tokyo, Hong Kong and Shanghai. For more information visit

About Winton Group

Winton Group is a research-based investment management company with a specialist focus on statistical and mathematical inference in financial markets. The firm’s quantitative investment strategies are implemented systematically across thousands of securities, spanning the world’s major liquid asset classes. Founded by David Harding in 1997, Winton manages assets on behalf of some of the world’s largest institutional investors. For more information, please visit

About Fidelity International

Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 countries and with $767.6 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.

Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $574.9 billion on behalf of our clients. By combining asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures. Data as of 31 March 2022. Read more at

About Barclays
Barclays is a British universal bank.  The firm is diversified by business, by different types of customer and client, and geography.  Barclays’ businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by the firm’s service company which provides technology, operations and functional services across the Group.

This article is not an endorsement by Two Sigma of the papers discussed, their viewpoints or the companies discussed. The views expressed above reflect those of the authors and are not necessarily the views of Two Sigma Investments, LP or any of its affiliates (collectively, “Two Sigma”). The information presented above is only for informational and educational purposes and is not an offer to sell or the solicitation of an offer to buy any securities or other instruments. Additionally, the above information is not intended to provide, and should not be relied upon for investment, accounting, legal or tax advice. Two Sigma makes no representations, express or implied, regarding the accuracy or completeness of this information, and the reader accepts all risks in relying on the above information for any purpose whatsoever. Click here for other important disclaimers and disclosures.

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