DataFox Intelligence, Inc., a Palo Alto, CA-based source of technology solutions for finance professionals, raised a seed funding of undisclosed amount.
Backers included:
– Google Ventures;
– Ram Shriram, Google and Stanford board member;
– Jawed Karim, co-founder of YouTube;
– Jim Ellis, professor at Stanford Graduate School of Business; and
– John Hurley of Cavalry Asset Management.
Co-founded by CEO Bastiaan Janmaat, Mike Dorsey, and CPO Alden Timme, DataFox Intelligence has launched DataFox, which is a subscription software that aggregates millions of data points to track, score, and rank over 350,000 private and public companies, allowing users to discover new investment opportunities, maintain a real-time understanding of prospective and current portfolio companies, and identify industry trends and patterns.
The product, which is designed for investors and analysts from financial institutions, corporations, and governments, aims to makes sense of available data on hiring, leadership changes, product releases, web traffic, social media traction, to uncover info on a company’s health and growth trajectory, independent of financial information, especially in the absence of reliable revenue estimates.
It also features a proprietary scoring system, which ranks companies and generates a list of closest competitors.
The beta product is being used in financial institutions, investment firms, and foundations, including Blackstone, Investcorp, and Stanford University.
FinSMEs
07/02/2014