Go Faster Funds for DataSift

Social media analyst DataSift has raised $15 million in a second round of funding, which it says it will use to grow and develop its technology more rapidly.

Launched in the UK in 2008 by TweetMe creator Nick Halstead and rolled out in the US a year ago, DataSift already has more than 60 employees and has raised a total of around £30m to date. The latest round was led by Scale Venture Partners, with participation from Northgate Capital and Daher Capital. Scale's MD Rory O'Driscoll will join the DataSift board.

Founder and CTO Nick Halstead says the funding gives his company the ability to take its real-time data infrastructure 'to the next level'. He adds: '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.'

Web site: www.datasift.com .

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