New Brunswick, NJ – Connotate, Inc., a provider of solutions that helps companies collect data and content from the Web, announced that it has raised venture capital from .406 Ventures. The company will use the new capital to increase its product offerings and expand sales and marketing operations to meet the growing demand for real-time data in key vertical markets.
Based on technology developed at Rutgers University, Connotate provides clients with customized real-time Web information extraction capabilities that help organizations transform unstructured data into actionable intelligence. Connotate says its solutions helps individual organizations detect changes, collect and organize data from more than 3 million Web pages per day and powers products from data-driven companies around the world.
“Connotate has a powerful information intelligence platform that allows users to aggregate content from millions of websites in seconds to create new revenue streams, increase productivity and track Web sites with automated processes,” said Liam Donohue, General Partner of .406 Ventures. “Connotate puts the entire online world’s information at a business user’s fingertips so he/she can easily create and analyze high-value information assets. We are very enthusiastic about supporting Connotate in responding to the growing needs of its customers.”
Mark Sanborn, Chairman of Connotate’s Board, said: “Connotate’s technology has been extremely successful at meeting customers’ information aggregation and analysis needs across content-driven industries. Connotate will build on this solid foundation and deliver new solutions that the world’s largest information companies and government organizations can rely on to transform Web and enterprise data into high-value information assets.”
“The funding marks the start of an exciting period for Connotate,” said Vincent Sgro, a founding researcher of Connotate’s technology. “We are looking forward to partnering with .406 to broaden sales and marketing efforts and fully develop our Agent Community platform, including increasing our cloud-based offerings. With our approach to developing easy-to-use solutions for business users, the Connotate platform is well-positioned to deliver the actionable intelligence customers need while helping re-shape the information industry as we know it.”
Connotate’s patented intelligent Agent technology empowers companies to quickly create data sets, new applications and content products, fully automated and 24/7. Content is delivered over any number of media including XML, RSS, email, text messaging, file systems and direct feeds to SQL databases and Excel.