Quid, a San Francisco, CA-based artificial intelligence company that accelerates research and insights to address complex issues, closed a $39m Series D round of funding.
The round was led by Liberty Interactive Corporation, with participation from ARTIS Ventures, Buchanan Investments, Subtraction Capital, Tiger Partners, Thomas H. Lee Limited Family Partnership II, together with Quid Board Member Michael Patsalos-Fox and Quid Chairman and founding investor Charles Lho.
The company intends to use the funds to further expand it product and engineering capabilities and invest in sales and marketing.
Led by Bob Goodson, Founder, and Neville Crawley, CEO, Quid has built a web platform that enables users to access to hundreds of thousands of indexed resources — from news articles to business filings, patent applications to blog posts — to aggregate, analyze, and visualize patterns in order to discover insights.
The solution represents a research tool within marketing and communications research, brand strategy, product development, and technology areas.
Launched in January 2014, the company serves more than 80 blue-chip companies including management consulting firms, media agencies, and other leading enterprises.
It currently has 60 employees.