NetBase Secures $9 Million in Venture Funding

Mar 05, 2010

NetBase, a strategic insight company, announced the conclusion of a round of Series C funding that secured an addition $9 million of capital for the company. The funding round was carried out with Altos Ventures and Thomvest Ventures Inc. According to NetBase, the funds will be used to execute a growth plan for the organization, including the expansion of sales, marketing, business development, and product management functions. The funds will also be used to expand the company's hosted cloud operations.

NetBase is a provided of rapid-scaling cloud-based data services, including semantic search and other utilities. Its clients include Procter & Gamble and Elsevier.