SAN MATEO, CA--(Marketwired - Aug 12, 2014) - EverString today announced that it has raised $12 million in Series A funding led by Lightspeed Venture Partners, with participation from existing investors including Sequoia Capital and IDG Ventures. EverString helps companies leverage the power of massive-scale data to optimize their B2B sales and marketing capabilities. The investment will help the company expand its team and continue its rapid growth.
"Our team, which includes Stanford neural science PhDs, artificial intelligence PhDs and a NASA engineer, has spent the past two years building a powerful analytics engine with adaptive learning capabilities. Our goal is to bring the most sophisticated machine learning and unstructured data analytics to help companies target, engage with and close new customer prospects," said EverString's CEO Vincent Yang.
"An increasing number of companies are talking about the importance of data in modern B2B marketing, but they are focused on internal customer data which has been accessible for many years," said J.J. Kardwell, President of EverString. "We enable companies to unlock customer insights buried in their internal data and also connect it with the vast amount of data available from public and proprietary sources across the Web. EverString's first offering leverages this combined data to prioritize inbound sales leads and identify new high-potential prospects."
EverString was founded in 2012 and is headquartered in San Mateo, CA. The company's 28-person team is comprised of mathematicians, neural network scientists, natural language processing scientists and distributed computing experts. EverString's team also brings experience from Marketo, Salesforce and other leading enterprise technology companies.
"EverString is a perfect example of the way that Big Data has evolved from an overhyped phrase to a core part of how businesses solve real-world problems," said Peter Nieh, partner at Lightspeed Venture Partners, who joined EverString's Board of Directors. "Businesses that leverage EverString will enjoy a fundamental competitive advantage in acquiring customers. We are thrilled to invest in the company and to support their incredible growth."
For more information, visit http://everstring.com
EverString's full-funnel predictive analytics platform helps companies identify and engage with the best customer prospects. The company was founded in 2012 and is backed by investors including Lightspeed Venture Partners, Sequoia Capital and IDG Ventures. For more information, visit http://everstring.com.
About Lightspeed Venture Partners
Lightspeed Venture Partners is a leading venture capital firm with over $2 billion of committed capital under management and investment professionals and advisors in Silicon Valley, India, Israel and China with Lightspeed China Partners. Over the past two decades, Lightspeed partners have backed more than 200 consumer and enterprise companies, many of which have become leaders in their respective markets, including Blue Nile, Brocade, Ciena, DoubleClick, Fusion-io, Informatica, Nest, Nicira, Nimble Storage, and Riverbed Technology. http://lsvp.com