NetBase, a Mountain View, CA-based company that develops and markets a semantic technology that reads and understands the English language, has raised $9m in its Series C venture capital funding.
Participants in the round include Altos Ventures and Thomvest Ventures Inc.
The funds will be used to execute a growth plan including building out sales, marketing, business development and product management functions, as well as further expanding its hosted cloud operations.
The company aims to aggressively develop and serve new markets.
NetBase’s semantic technology finds and extracts the most relevant information from billions online sources to provide context for search results and intelligently guide users to highly relevant answers. Its solutions assist market researchers with netnography and social media understanding, and enable science, technology and medical (STM) publishers to make searches of their proprietary content much faster and more productive, thereby increasing the value of their content.
The company’s solution is being used by some top consumer packaged goods companies including Procter & Gamble and two of the top three science, technology and medical publishers including Elsevier, the world’s largest publisher of scientific, technical and medical content and services.