Discern, a San Francisco, CA-based provider of a financial decision-making platform for investment professionals, raised $20m in Series A financing.
The round was led by Palo Alto-based Artiman Ventures.
The company will use the funding to expand its platform beyond the Energy industry to offer modules for Real Estate, Consumer Retail, Banking/Financial Services and other sectors.
Founded in 2009 and led by Harry Blount, CEO, Discern provides a cloud-based platform connecting financial decision-makers to synthesized data and content that is personalized to an individual user’s investment process. The company’s solution continuously scans the user’s universe of real-time data (public and commercial) then signals the user when new, relevant data surfaces.
Discern data can be viewed by sector, by company, and/or by the user’s own parameters, automating and enhancing the work of the traditional data research associate.
The company also has offices in New York.