Inflection, LLC, a Palo Alto, Ca-based data and e-commerce company, has raised $30m in Series A financing.
The investment was led by Matrix Partners and Sutter Hill Ventures.
Inflection will use the funds to expand its team based in its downtown Palo Alto location and its member services center in Omaha, NE., invest in technology, and acquire customers. The company is hiring for engineers, designers, marketers, and product developers.
Founded in 2006 by brothers Brian and Matthew Monahan, Inflection aggregates public records and data from past and present, turning results into useable, actionable information.
It currently operates two brands including Archives.com, designed to make family history simple, and PeopleSmart.com, a privacy-friendly people search engine.
In conjunction with the funding, Greg Sands, managing director, Sutter Hill Ventures, will join the company’s board of directors.
FinSMEs
02/09/2010