DataSift Accelerates Into the Enterprise With $15 Million in Series B
Scale Venture Partners Signs on to Solidify DataSift's Emerging
Position as the Leading Platform for Social Data
SAN FRANCISCO, CA -- (Marketwire) -- 11/13/12 -- DataSift, the
leading social data platform company, announced today that it has
received $15 million in Series B funding led by Scale Venture
Partners; Rory O'Driscoll, Managing Director with ScaleVP joins the
board. Additional participants in the round include current investors
GRP Partners and IA Ventures, along with new investors Northgate
Capital and Daher Capital. The funding round comes at a time when
DataSift's growth is accelerating across a wide variety of customer
groups and geographies.
Based on a recent Gartner report(1), social content, defined as
corporate blogs, communication and collaboration platforms, coupled
with external platforms such as Twitter, Facebook, YouTube, and
LinkedIn, is the fastest growing category of new content in the
enterprise. In order to garner significant value from this wealth of
data and gain a competitive edge, businesses must draw insight from
both private and public sources to inform strategy. The true
potential and future of Big Data is the union of public data and
private enterprise data, and DataSift is the only company poised to
deliver on that promise with its powerful platform that has expanded
significantly since its launch in 2011.
"We have the world's best infrastructure in real-time, as well as
historical processing of social data, and through our Series B
funding, we now have the ability to take that infrastructure to the
next level," said Nick Halstead, Founder and CTO, DataSift. "The
promise of the DataSift platform lies in enabling our customers to
bring together their private and public data and applying our
powerful processing to that unstructured data. The ultimate goal of
Big Data is drawing actionable insights from a combination of public
and private data."
DataSift has emerged as not only the leading social data platform,
but also as one of the fastest growing companies in Silicon Valley.
The company now has almost 300 corporate customers, up from 200 just
a quarter ago, across a wide variety of markets, including Fortune
500 and social technology companies, news organizations, consulting
companies, and government agencies. With this new round of funding
from Scale Venture Partners, DataSift is on the fast track to market
"Rory O'Driscoll and the ScaleVP team blew us away with their deep
understanding of SaaS, PaaS and the emerging use of social in the
enterprise," said Rob Bailey, CEO, DataSift. "ScaleVP has added value
for us at every turn with their insightful counsel and enthusiasm,
and we're confident that they will be a key player in building the
company for the next stage of our growth."
The growing excitement in the social data space sparked an enormous
amount of investor interest in DataSift, and because of this, the
company was able to proactively select Scale Venture Partners, a firm
ideally suited to successfully navigate the company's next phase of
growth. DataSift will benefit from ScaleVP's deep experience in the
field, including previous investments in companies such as Box,
Vitrue, ExactTarget, and HubSpot.
"DataSift is at the intersection of two huge trends: social and Big
Data. The company has built a real time data platform that allows
customers to sift through billions of tweets, posts and internal
corporate data to find just the insight they need for their business,
while the easy to use query tool means anyone can access the data
directly," said Rory O'Driscoll Managing Director Scale Venture
Partners. "Great companies make hard problems simple for the end
user, and DataSift has done that with its game-changing visual
interface. This is truly an exciting addition to the ScaleVP
(1) Gartner, Inc., Hype Cycle for Big Data, 2012, Anne Lapkin, July
31, 2012. Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise technology
users to select only those vendors with the highest ratings. Gartner
research publications consist of the opinions of Gartner's research
organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with respect
to this research, including any warranties of merchantability or
fitness for a particular purpose.
DataSift Inc. is the leading social data platform,
enabling companies to aggregate, filter and extract insights from the
billions of public social conversations on Twitter, leading social
networks and millions of other sources. DataSift provides access to
both real-time and historical social data to uncover insights and
trends that relate to brands, businesses, financial markets, news and
public opinion. DataSift has offices in San Francisco, New York,
Chicago, and Reading, U.K. For more information, visit
www.datasift.com and follow us on Twitter @datasift.
About Scale Venture Partners
Scale Venture Partners (ScaleVP)
invests in high-growth technology companies with a focus on SaaS,
Cloud, Mobile and Internet sectors. With a proven track record and
market-specific expertise, ScaleVP is a strategic partner in helping
entrepreneurs and management teams scale their business and grow into
long-term companies that matter. Founded in 2000, the firm has $900
million under management and is currently investing Scale Venture
Partners III. Representative investments include: Box, BrightRoll,
DocuSign, Everyday Health, ExactTarget (ET), HubSpot, NComputing,
Omniture, RingCentral and Vitrue.
ScaleVP is located in Foster City, California. For more information,
visit www.scalevp.com, follow us on Twitter @scalevp, or find us on
Facebook at www.facebook.com/scalevp.
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