NetBase Raises $9m to Expand Social Media Offer

Social media intelligence specialist NetBase has raised $9m in financing, completing the Series C funding it announced last summer. The cash will be used to expand the firm's sales and services globally.

NetBase's solutions use a natural language processing (NLP) engine combined with other text analytics and machine learning to process billions of social media posts. Last March, the firm launched its ESI Platform, which combines real-time monitoring and measurement with what it describes as instant, interactive insights into the drivers of customer opinions, emotions and behaviors.

The latest funding has been led by new investor West Summit Capital, with support from existing investor Thomvest Ventures.

Peter Caswell (pictured), CEO of NetBase, comments: 'Social intelligence adoption across the enterprise has become a business imperative. NetBase is the most accurate and trusted technology in the market, and now as we support 46 languages, we are positioned to help global enterprises make fast and informed decisions.'

Web site: www.netbase.com .