Private company intelligence engine Grata has raised $25 million in a Series A funding round, the company announced in a news release Thursday (Feb. 24).
The round, led by Craft Ventures, brings Grata’s total funding to $35 million.
“Grata’s product combines a web data acquisition engine that scans billions of websites and proprietary machine learning (ML) and natural language processing (NLP) models that intuitively process unstructured information into nuanced, contextual insights on private companies,” the company said.
Grata said its search platform is particularly good at finding info on middle market companies, a sector that it says is traditionally overlooked and hard to find. The company notes that recent developments such as the pandemic have caused more and more companies to do business online, allowing their information to be collected at scale.
“Data is the key that unlocks value in the 21st century,” said Jeff Fluhr, co-founder and general partner at Craft Ventures.
“Corporate dealmakers and institutional investors need robust, searchable and accurate data to identify the needle-in-the-haystack opportunities within the myriad of companies. Grata has figured out how to aggregate, package, and deliver this data to customers in a scalable and repeatable way,” Fluhr said.
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CEO Andrew Bocskocsky and COO Nevin Raj said they founded the company to address this data gap.
“To put it simply, the middle market has been historically difficult to access,” said Bocskocsky. “Our approach to this problem is entirely unique. Incumbents rely on manual processes and can’t keep up with the scale of the middle market. Grata captures detailed private company information through advanced automated technology. There really is no comparison.”
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