|
||
|
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
SOPHIA CLOSES SERIES A FINANCING
March 5th, 2013 No comments
Atlantic Bridge Leads Investment in Next-Generation Content Analytics Solution
San Jose, Calif. – March 04, 2013 Sophia Search, the innovation leader in semantic content analysis, Chaired by industry veteran Chris Horn, today announced that it has closed a $3.7 million Series A funding round. The investment was led by Atlantic Bridge and will be used to increase marketing and sales efforts in North America and to accelerate product roll-out.
Sophia’s products are unique in providing understanding and context within large sets of unstructured content. According to International Data Corporation (IDC), the global analytics market will continue to grow at a 9.8% compound annual growth rate (CAGR) through 2016 to reach $50.7 billion. Sophia is well positioned to capitalize on the burgeoning market opportunity with a next-generation semantic analysis solution that leapfrogs traditional text analytics tools.
“Sophia’s unique solution has shown it can greatly increase customers’ ability to work with large data sets, giving insight and understanding into content that previously was unavailable. We were impressed by the list of US Tier 1 customers that Sophia is already working with in the advertising and publishing sectors, and we look forward to supporting the team as they continue to grow in this new and exciting space,” said Elaine Coughlan, partner and lead investor, Atlantic Bridge.
Sophia’s solutions are used in some of the world’s largest advertising and publishing houses to automatically understand the meaning of content users are consuming and to intelligently leverage this insight to deliver the information and services they need. Advertisers can achieve up to three times higher click through rates by providing more relevant ad content without using cookies. Publishers’ sales can be increased by intelligently recommending titles through an understanding of readers’ interests while maintaining anonymity. For more information on Sophia’s technology, see: http://sophiasearch.com/technology.
“Having a Top Tier Institutional Investor like Atlantic Bridge leading our financing round is a powerful endorsement of our strategy, technology, customer success and team,” said David Patterson, CEO, Sophia. “This funding gives us the means to scale the business further in the North American and European markets, and ultimately to address new verticals.”
About Atlantic Bridge
Atlantic Bridge is a growth equity fund focused on technology investments with offices in Dublin, London and Silicon Valley. The investment team comprises a unique multi-disciplinary team of industry professionals and serial entrepreneurs with deep domain knowledge and international know-how. For more information, please visit: http://www.abven.comAbout Sophia
Established in 2007,Sophia is the innovation leader in semantic content analysis. Sophia specializes in automatically extracting precise meaning from content to intuitively understand what it is about without the need for training or human guidance.
Sophia is headquartered in San Jose, Calif. with offices in Belfast, N. Ireland and St. Petersburg, Russia. For more information, please visit: http://www.sophiasearch.com.
Leave a reply
Latest Headlines:
Friday August 31, 2012
Zscaler Secures $38 Million Investment Round
Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.
Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects
Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding
Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies
Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains
Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster
Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility