Crunchbase raises $30M more to double down on its ambition to be a 'LinkedIn for company data'

The internet and search engines like Google have made the world our oyster when it comes to sourcing information, but when it comes to business, there remains a persistent need for more targeted market intelligence, a way to get reliable data quickly to get on with your work. Crunchbase -- a directory and database of company-related information that originally got its start as a part of TechCrunch before being spun off into a separate business several years ago -- has raised $30 million, a Series C that it plans to use to continue expanding its base of paid subscribers and expanding its product to include more predictive, personalised information for its users by way more machine learning and other AI-based technology. CEO Jager McConnell, who has long viewed Crunchbase as the "LinkedIn for company profiles," said that of the 55 million people who visit the site each year currently, the company currently has "tens of thousands" of subscribers -- subscriptions are priced at $29/user/month varying by size of company contract -- which works out to less than 1% of its active users.

from Yahoo Tech https://ift.tt/2BVdKpj