Data Analytics Company Signals Group Raises $10M in Funding

signals-groupSignals Group, a Global data analytics company, raised $10m in funding.

Qumra Capital, an Israeli late-stage venture fund focused on investments in technology companies’ rapid growth, joined existing investors Sequoia Capital and TPY Capital, who led a $15m Series B round less than a year ago. In conjunction with the funding, Boaz Dinte, Managing Partner at Qumra Capital, will join Signals’ Board of Directors.

The company intends to use the funds to further accelerate global expansion and to recruit sales and marketing employees in the United States, Europe and Israel.

Founded in 2009 by Gil Sadeh, CEO, and Kobi Gershoni, Chief Research Officer and General Manager US, Signals Group provides a data analytics platform that delivers intelligence and insights to Fortune 5,000 companies operates in the life sciences, food and beverage, and consumer goods industries to support product development and growth.
The platform is powered by Signals Playbook™, an intelligence software platform developed to transform multiple external data and unstructured data sources covering consumers, markets, and technologies into constantly updated insights on how to grow products and brands.
The company, which currently works with over 50 Fortune 5,000 companies, including Procter & Gamble, PepsiCo, Johnson & Johnson and Nestlé, is expected to expand into the automotive, finance and cosmetics industries in 2017.

Signals Group has offices in New York, Geneva and Netanya, Israel, and employs more than 100 people. around the world.

FinSMEs

01/06/2016

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