BA Insight: More Funding in a Tough Market
April 3, 2013
Some of the search and content processing companies are feeling the economic squeeze. BA Insight, based in New York, does not have this problem. I learned this morning that BA Insight closed a $4.5 million round of funding. The news release sent to me by Big Swing said:
BA Insight’s advanced search technology redefines how people access siloed information and collaborate. Organizations are increasingly dealing with rapidly growing volumes of structured and unstructured data, the inability to integrate information from legacy systems, and the move of many organizational systems to the cloud. As a result they often lack insight into critical business information. BA Insight enables enterprises to bring this information together for users, giving them actionable insights into customers, products, projects, expertise and more.
The key point that jumped out at me was this statement:
“Enterprise search is broken,” said Philip Eliot, Principal at Paladin Capital Group, “and BA Insight is unique in its ability to deliver useful information to the enterprise regardless of where, when and how they need it. Their solutions revolutionize information access.” “Our continued investment in BA Insight reflects our confidence in the ability of BA Insight’s platform to transform search into a powerful weapon for the enterprise,” said Todd Pietri, co-founder and General Partner of Milestone Venture Partners. “BA Insight delivers tools that enable organizations to leverage their investments in existing solutions and expose data in an actionable, relevant way.”
Wroth monitoring.
Stephen E Arnold, April 3, 2013
Sponsored by Augmentext
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