Funding Announcement

DataSift unlocks the value of monetizing the social web

$6 Million Venture Round to Accelerate the Mining of Metadata from Twitter and other Social Networks

July 11, 2011 – DataSift, a Delaware corporation, today announced a $6 million round of VC funding co-led by IA Ventures and GRP Partners. DataSift is one of only two companies globally licensed by Twitter to re-syndicate its content. The $6 million investment will be used … (click here to read the rest of the press release)

I’m proud today to announce news of our latest round of funding. I’d like to thank everybody at our two new investors, IA Ventures and GRP Partners. This represents a huge vote of confidence and belief in DataSift.

With this funding secured and with two key strategic partners on board, I’m really excited about the momentum we can build around DataSift and the impact we can have in the market.

Well done to the team back in Reading for making it happen!

Nick

P.S. Mark Suster of GRP Partners wrote about the potential for DataSift in Why I’m Doubling Down on the Twitter Ecosystem. Great insight into why we’re all so excited.

Written by Agustin Mingorance

Agustin Mingorance is our Marketing Manager. Connect with Agustin on LinkedIn