The first major investment firm to invest in Cambridge Analysts, a Cambridge-based firm that uses sophisticated software to predict and analyse the behaviour of American voters, has ended up with a $50m valuation.
Analytix, founded in 2014, was valued at about $7.6bn by Forbes in October.
Cambridge Analytical, which has become a favourite of the Trump administration, is now worth around $30bn, according to the US investment house.
Analysts use computer software to track what Americans are buying, spending and spending on, and what they are not.
In a report published on Wednesday, Forbes said Analytics’ revenue was up from $1.8bn in 2013 to $5.4bn in 2018.
Analytic is now the biggest player in Cambridge’s space, with revenue of more than $6bn.
Analytics had invested about $8.5bn in the US, according a report by New America Foundation in January.
Analytical’s founder and chief executive, Carter Roberts, was a major Trump donor.
The company had invested more than a quarter of a billion dollars in US companies during the 2016 presidential election cycle.
The US Chamber of Commerce has also endorsed Analysts as a leader in its lobbying efforts.
Analytis’ stock price has been boosted by strong returns in the second quarter.
Analyts is a subsidiary of the software firm Palantir, which is based in Singapore and is known for its intelligence-gathering software.
Analysis is currently under investigation by the US Securities and Exchange Commission over allegations that it sold private information on Trump’s campaign and transition teams.
Analy tis is a separate company, with an operating arm called Palantar, and it is not clear if the SEC is investigating the company’s operations.
The SEC investigation follows a series of recent allegations of election meddling and voter fraud by political candidates.