Clarabridge: Cash Infusion
August 20, 2008
Following in the footsteps of Endeca and Vivisimo, Clarabridge nailed $12 million in financing. The additional infusion marks the company’s third round of funding. The money came from Grotech Ventures, Harbert Venture Partners,Boulder Ventures, and Intersouth Partners. You can read the company’s official news release here. VCAonline provides additional color here. The money will allow Clarabridge to increase its presence in a crowded market. The expectations for fast growth are often high, and pumping Clarabridge to $100 million in revenue in 24 to 36 months seems to be a relatively challenging job. At my age, it makes my heart palpitate just thinking of the work ahead.
The question that nags at me is, “Will these cash infusions in text and content processing pay off?” Despite the lousy market, smart money seems to say, “Absolutely.” The challenge will be to break through the glass ceiling that keeps most text crunching companies well below Autonomy’s lofty $300 million in revenue, achieved after a decade of hard work, and Endeca’s $110 million (another 10 years of effort as well). Agree? Disagree? Use the comments section to offer your views.
Stephen Arnold, August 20, 2008
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