Subject: CB Insights Raises $10 Million Series A from RSTP to Invest in Artificial Intelligence and Predictive Analytics for Tracking the Global Private Markets | Business Wire
From: "Eric Schwerin" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Wed, 11 Nov 2015 07:37:28 -0500

CB Insights Raises $10 Million Series A from RSTP to Invest in Artificial
Intelligence and Predictive Analytics for Tracking the Global Private
Markets | Business Wire

http://www.businesswire.com/news/home/20151109006722/en/CB-Insights-Raises-10-Million-Series-RSTP

CB Insights Raises $10 Million Series A from RSTP to Invest in Artificial
Intelligence and Predictive Analytics for Tracking the Global Private
Markets

NEW YORK--(BUSINESS WIRE <http://www.businesswire.com/>)--CB Insights, the
leading SaaS provider of data, research, and predictive analytics on global
private markets, today announced that it has raised a $10 million Series A
financing from RSTP. This is the first institutional financing for the 60+
person company, which to date has been funded purely through revenue and a
small grant from the National Science Foundation. RSTP co-founder and
Managing Director, John DeLoche, will join CB Insights’ co-founders
Jonathan Sherry and CEO, Anand Sanwal, on the company’s board.

“As a CB Insights client, we admired the company’s revenue-funded,
disciplined approach to growth and product innovation. CB Insights’
predictive analytics reveal trends their customers might otherwise miss.
This is a unique company with a massive market opportunity, and RSTP is
thrilled to partner on their journey,” said John DeLoche about his firm’s
investment in CB Insights. (DeLoche’s post on why they invested is here
<http://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmedium.com%2F%40DeLoche%2F4ab49397d5ca&esheet=51220635&newsitemid=20151109006722&lan=en-US&anchor=here&index=1&md5=62944823deba12fc9a64082e19537975>.)

CB Insights has become the go-to source for major investors, corporations,
banks, media, and B2B sales teams to find data and analytics on private
companies, venture capital, M&A and emerging industries. The company, which
is profitable and tripled revenue in 2014, will use the new funds to
rapidly grow its team and invest heavily in its core data products, with an
emphasis on predictive analytics and AI-driven tools that will extend CB
Insights’ lead in private company data and open up entirely new markets.

"RSTP was a long-time customer who clearly believed in what we were doing
and quickly saw the larger opportunity for our data and predictive
intelligence. We are excited to work with RSTP to access their expertise
and relationships and grow even faster," commented Anand Sanwal about why
CB Insights chose to raise money after being revenue-funded for so long.

In addition to its $10 million Series A financing, CB Insights is also
announcing several new products and enhanced capabilities:

   - *Mosaic*
   <http://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.cbinsights.com%2Fcompany-mosaic&esheet=51220635&newsitemid=20151109006722&lan=en-US&anchor=Mosaic&index=2&md5=ffbbe94476a5646795f8be1b3398169b>
   - a private company ratings scale which now includes media and Twitter
   sentiment and also analyzes the health of a company’s underlying
industry (Market
   Mosaic
   <http://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.cbinsights.com%2Fmarket-mosaic&esheet=51220635&newsitemid=20151109006722&lan=en-US&anchor=Market+Mosaic&index=3&md5=d04eb7f87c8900efd9a7ee1e69329e43>)

   - *CB Insights for Sales*
   <http://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.cbinsights.com%2Fsales&esheet=51220635&newsitemid=20151109006722&lan=en-US&anchor=CB+Insights+for+Sales&index=4&md5=364e98a1bc37c09e1aa7049c26f8cef0>
-
   Predictive analytics for B2B sales teams that uses data about their
   customers, products, and services to algorithmically identify the prospects
   they should target next
   - *Ava*
   <http://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.cbinsights.com%2Fblog%2Fintroducing-ava%2F&esheet=51220635&newsitemid=20151109006722&lan=en-US&anchor=Ava&index=5&md5=ce0a61f2c220d3f8a724f00160f27f16>
   - An AI-driven networking assistant that helps CB Insights’ customers
   identify their future professional network

“Being revenue-funded makes you obsess over customers. What we’ve seen is
that our data allows them to understand markets faster, make smarter
acquisitions and investments, build better products, and stay ahead of
competition. We’re working on a number of amazing products that will give
our clients an unfair advantage,” stated Sanwal.

Read more about CB Insights’ growth, plans and revenue metrics here
<http://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.cbinsights.com%2Fblog%2Freal-saas-company-metrics%2F&esheet=51220635&newsitemid=20151109006722&lan=en-US&anchor=here&index=6&md5=907f6dc333f0aed3ea524977c8f0decb>.

*About CB Insights*

CB Insights is a software-as-a-service company that uses data science,
machine learning and predictive analytics to help our customers predict
what’s next—their next investment, the next market they should attack, the
next move of their competitor, their next customer, or the next company
they should acquire.

The world’s leading global corporations including the likes of Cisco,
Salesforce, Castrol and Gartner and largest VC and growth equity investors
rely on CB Insights to see around corners. For more information, visit
www.cbinsights.com
<http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cbinsights.com&esheet=51220635&newsitemid=20151109006722&lan=en-US&anchor=www.cbinsights.com&index=7&md5=f5ac2a816948b981aa0a0eddd77fee04>.

*About RSTP*

RSTP is a technology growth equity firm with offices in San Francisco, New
York. and Washington, DC. RSTP invests in growth-stage technology companies
that require capital and strategic resources to accelerate their growth.
Founded by entrepreneurs, RSTP provides its portfolio companies a
combination of world class operating, company-building, and advisory
expertise, as well as global access to private and public sector customers.
Please visit us at www.rstp.com
<http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rstp.com&esheet=51220635&newsitemid=20151109006722&lan=en-US&anchor=www.rstp.com&index=8&md5=b0468d6dd02ab2f8cd76a913b0679bbd>.

Eric D. Schwerin
[email-masked]

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