San Francisco, Calif. — Quid, a quantitative analysis startup, has raised $10 million in a Series C funding round from some well-known names.
The funding comes from Peter Thiel’s Founders Fund, Endeavour Vision, Infocomm Investments, Niklas Zennstrom’s Atomico Ventures, Ron Conway’s SV Angel and Korean investor Charles Lho. The company will use the new funding to add 18 more engineers to its team and build upon its current product.
Quid, which previously raised $4 million in two other funding rounds, enables companies to visualize and interact with data structured by their services to help them understand their demographics.
“We are generating more information each year then the rest of human history put together,” said Quid CEO Bob Goodson. “Data is one of the most important trends of the time we live in. Imagine the insights in the world that are now possible with this information, which hasn’t been available before? We’re building the tools to mine these insights, and help people make more informed decisions.”
Additionally, PayPal co-founder Max Levchin has joined Quid’s board.
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http://tinyurl.com/3ugr922 (TechCrunch)
