CB Insights raises $10 million Series A from RSTP to invest in artificial intelligence and predictive analytics for tracking the global private markets

Will accelerate product innovation and scale R&D efforts. Expects to double headcount in the next 12 months.

NEW YORK — 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.  (more on why RSTP invested from John’s point of view here)

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 – Our private company rating now includes media and Twitter sentiment and also analyzes the health of a company’s underlying industry (Market Mosaic)

• CB Insights for Sales – 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 – 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 and plans in the company’s funding announcement blog post at: www.cbinsights.com/blog/real-saas-company-metrics.

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 the largest VC and growth equity investors rely on CB Insights to see around corners.  For more information, visit www.cbinsights.com

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.