March 21, 2016 0 Comments
The San Francisco-based data mining startup Mattermark has raised another $7.3 million in a series B funding round, which values the company at $42 million. Created by Danielle Morrill, Mattermark’s software compiles and analyses various kinds of data from public internet sources in order to provide VCs with business intelligence about potentially lucrative startups. Similar to how Google works, Mattermark organises unstructured data found on the web and uses techniques like distributed web crawling, deep neural networks and natural language processing to reorganise the flow of information. It then uses the information gathered to build comprehensive profiles of companies. The service is useful for VCs who are looking for potential investment opportunities and for tracking existing startups.
You can read about the funding here.
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