Commerce Signals, a new data collaboration company serving retailers, mobile operators, banks and payment networks, secured $4m in Series A funding.
The round was led by OpenAir Equity Partners.
The company will use the funds to continue to expand operations. It is hiring.
Led by founder and CEO Thomas C. Noyes, Commerce Signals provides the Federated Data™ platform that allows data owners, such as mobile operators, payment entities and others to share their data, while ensuring it remains within their own infrastructures — an approach that lets them retain control over where and to whom data is sent, as well as the use for which it is intended.
At the same time, the platform gives purchasers of data, digital ad companies, retailers, and others — the opportunity to access the customer insights generally held by the regulated sector.
The company has offices in Palo Alto, CA, and Charlotte, NC.