Funds for Massive Scale Web Data Firm Connotate

Web data extraction and monitoring specialist Connotate has announced $11m in Series B funding, for us in market expansion and development of its Connotate Cloud product.

The round was led by Long River Ventures, with participation from existing shareholders .406 Ventures, Castile Ventures, Fernwood Funding LLC, Prism Ventures and other angels.

Connotate serves the information services industry and data-centric businesses by automating the acquisition of content from the world's 1 billion plus web sites (a Google estimate this month actually suggests the web has around 130 trillion pages). The company's software is able to transform and integrate the content it grabs, allowing it to be pulled into clients' own platforms.

CEO Rick Kennelly comments: 'We're grateful to be partnered with active investors that understand our industry. We're still in the early stages of Web data market growth. As enterprises and big data companies significantly increase their use of Web data, this investment ensures Connotate can grow with that opportunity, and remain a market leader for precise, efficient, web data extraction'.

Headquartered in New Brunswick, NJ, USA, the company is on the web at www.connotate.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.