Zignal Labs Secures $10.7m for Expansion

US big data analytics specialist Zignal Labs has raised $10.7m in a Series B round of funding, which it will use to grow its leadership, sales, and engineering teams, and enhance its analytics and insights platform.

Founded in 2011 and based in San Francisco and Washington, DC, the firm aggregates data from a wide variety of sources to deliver real-time media monitoring and business intelligence.

The new funding was led by existing investors Andy Ballard, Managing Partner of Figtree Partners; Mitchell Cohen, Manager of Ross Investment Associates; and Jim Hornthal, co-founder and Chairman of Zignal Labs.

Co-founder Adam Beaugh (pictured), who has recently been named President/Chief Product Officer, comments: 'Zignal has created a big data solution for communication professionals, analyzing aggregated data from millions of traditional and digital media sources into an intuitive and understandable interface. This round of funding lets the company continue to invest in maintaining our best-in-class solution in a huge, global market.'

Web site: www.zignallabs.com .