California based AI-powered platform Crunchbase that helps users find information about private and public companies has confirmed securing $30 million in Series C funding round. OMERS Ventures is leading the financing for Crunchbase. Emergence, Mayfield, Cowboy Ventures and Verizon, the existing backers of the firm also participated in the round. Prior to this round, Mayfield Fund had led the Series B round of the firm in April 2017. The current infusion totals the amount raised by the firm to $56.5 million.
The firm keeps the information about the companies, their CEOs and top executives along with the funding details. Jager McConnell, the CEO of the firm talking about the deal said, “We are creating a global destination with best-in-class private company profiles, tools, and community. We will power the future of B2B deal-making, starting with a better way to prospect for private company opportunities.”
Talking further on how the firm plans to use the freshly raised capital, McConnell said, “One of the key technologies we’ll be investing in after this funding round is machine learning. Today, our users are already benefiting from powerful ML tools like Crunchbase Rank and Trend Score. In the near future, we’ll create personalized experiences that highlight companies our users should consider.”
Michael Yang, managing partner at OMERS Ventures through a statement said, “We are thrilled to partner with Jager and the talented leadership team at Crunchbase. Crunchbase continues to show significant traction as the leader in research, information, and prospecting for private companies – an incredibly large and valuable market to address and service. By utilizing and collecting aggregated data, adding tools and apps, and continuing to customize each user experience, the lead generation and deal value Crunchbase can provide is unprecedented, and we are proud to support this next phase of growth.”
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