FirstRain, a San Mateo, California-based company that has developed a solution that enables global companies to track the critical developments impacting their business, raised $6.4m in new funding.
The round, which was led by Oak Investment Partners, brings the total amount raised by the company since 2006 to $47.4m.
This new capital will be used to grow the sales team and invest in the product development.
Led by President & CEO Penny Herscher, FirstRain offers a “Business Monitoring Engine™” that delivers relevant content from the business Web to individuals or whole enterprises. It helps Marketing, Sales, Finance and Knowledge Management professionals track critical events impacting their industry, company and business.
Partners include research platforms such as Capital IQ (a division of Standard & Poor’s), FactSet Research Systems, Fidelity.com, Mergent, and Seeking Alpha.
The company has additional offices in New York, and Gurgaon, India.