Pursway Scores $6 Million To Help Companies Leverage The Power Of Social Influencers

Leena Rao

Leena Rao is currently a Senior Editor for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

Tuesday, February 9th, 2010

We wrote about the power of brand buzz on social media sites yesterday, and one contributing aspect to buzz are individuals who are “influencers,” similar in some ways to the trend that Malcolm Gladwell highlighted in The Tipping Point. But how do companies find and then leverage the power of these influencers on the web? Israeli startup Pursway (formerly known as Datanetis), aims to help companies identify the influencers and followers for each product or offer within their customer database.

The startup has just raised $6 million in Series A funding from Battery Ventures. Pursway will use the funding to expand its operations in Europe and North America and hire more engineers to contribute to product development.

Pursway’s technology helps companies identify influencers and their followers by analyzing customer behavior data exclusively from its clients’ massive customer databases. The technology then identifies, measures, and shows exactly how opinion leaders shape their followers’ purchasing decisions, giving clients marketing intelligence.

And Pursway has several big-name clients who are using the startup’s technology. Vodafone Group, Orange and other companies are employing Pursway’s offerings to find the social influencers for products. Pursway faces competition from Media6.

Company: Pursway
Website: pursway.com
Launch Date: 2005
Funding: $6M

Pursway (previously known as Datanetis) empowers consumer-facing organizations to close the gap between how they market and how people buy. The Pursway patent-pending technology enables companies to identify, measure, and impact how opinion leaders shape their followers’ purchasing decisions.

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