Crayon, a Boston, MA-based market and competitive intelligence platform company, secured $5m in venture capital funding.
The round was led by Steve Anderson of Baseline Ventures, with participation from existing investor and board member Eric Paley of Founder Collective, Maia Heymann at Converge and angel investors.
The company will use the funds to double the team and accelerate growth.
Led by Jonah Lopin, co-founder and CEO, and and John Osborne, Crayon provides a market and competitive intelligence platform that enables businesses to track, analyze and act based on market movements. It tracks more than 300 million pages across 7.6 million domains and 2.4 million companies, combines data analytics with artificial intelligence (AI) to uncover relevant and timely insights for every employee, making it the most extensive competitive intelligence platform.
Customers include Fortune 50 companies and mid-sized businesses across industries, including Intuit, Fuze and Zendesk.
Crayon previously secured funding from Box Group and others including HubSpot founders Brian Halligan and Dharmesh Shah, Lean Startup author Eric Ries, Moat founder Jonah Goodhart and Adobe Chief Product Officer Scott Belsky.