New York based venture capital database CB Insights has raised $10m of Series A funding, led by RSTP. Proceeds will go toward research and development, which includes artificial intelligence and predictive analytics, as well as hiring more employees. The startup which was founded in 2008, has remained revenue funded since inception.
The idea of taking money is a weighty thing," he added. "We didn't want to take money until we felt like we could do it justice and provide a return to investors. We wanted to grow it to the point where we made sure the infrastructure was laid down in a solid way. [RSTP] has been proactive since, giving us productive feedback, understanding our direction and kept lines of communication open. When we started fundraising, they were the folks we went to."