CB Insights has successfully raised $11.7 million over three funding rounds, leveraging its AI-powered platform to provide market intelligence and data analytics. The company’s tools, such as the Business Graph and AI Super Analyst, offer comprehensive insights into market trends and competitor strategies.
Keep reading to explore the intricacies of CB Insights' fundraising journey and the investors backing this innovative platform.
What Is CB Insights?
Founded by Jonathan Sherry and Anand Sanwal, CB Insights is headquartered in New York City. The company leverages AI and data analytics to provide market intelligence and insights, helping businesses navigate complex questions about growth and competition.
CB Insights uses machine learning, algorithms, and visualizations to mine unstructured documents, offering a comprehensive view of the global economy. Their platform aids large enterprises in making informed decisions about future markets and technologies.
With a team of 201-500 employees, CB Insights continues to scale rapidly, providing valuable tools and data to a wide range of industries. Their mission is to identify and respond to market disruptions effectively.
How Much Funding Has CB Insights Raised?
- Series A
- Amount Raised: $10,000,000
- Date: November 2015
- Lead Investors: RSTP
- Motivation Behind the Round: Driven by a long-term relationship with RSTP, transitioning from a bootstrapped model to one supported by investor dollars.
- Unknown Round
- Amount Raised: $1,150,000
- Date: August 2015
- Motivation Behind the Round: Early funding aimed at product development and initial market entry.
- Unknown Round
- Amount Raised: $500,000
- Date: October 2011
- Motivation Behind the Round: Initial funding aimed at building the product and early-stage growth.
Total Amount Raised: $11.7M. Current Valuation: (~estimated).
Key Investors
- RSTP
- Details: RSTP is a bi-coastal growth stage investment firm. They have been a longtime customer of CB Insights and initiated the investment discussions approximately two years prior to the funding round.
- Investment Focus Areas: Data and analytics, technology, growth-stage companies.
- Notable Investments: CB Insights.
- National Science Foundation
- Details: The National Science Foundation (NSF) is an independent federal agency created by Congress in 1950. It supports fundamental research and education across all fields of science and engineering.
- Investment Focus Areas: Science, engineering, education.
- Notable Investments: CB Insights, various academic research projects.
What's Next for CB Insights?
CB Insights stands at the cusp of significant growth opportunities, driven by the increasing demand for reliable data and analysis tools in the startup and venture capital ecosystem. With their recent $10 million Series A funding, the company is well-positioned to expand its private company data and analysis services, potentially developing new products to capture a larger market share.
Future fundraising opportunities appear promising, given the competitive landscape and the influx of venture capital into similar companies. CB Insights' profitability and established customer base make it an attractive candidate for further investment. However, the company will need to navigate challenges such as competition from established players like Dow Jones and Thomson Reuters, and the necessity to continuously innovate to stay ahead.
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