Recommendation engine Hunch confirms that they’ve raised a new round of financing – $12 million – led by Khosla Ventures. Partner Gideon Yu, who joined Khosla Ventures last year, was previously the CFO of Facebook. He is now joining Hunch’s board of directors as part of the deal. Hunch was valued at $52 million in the round.
I spoke to cofounder Caterina Fake this evening about the round. Fake says that Hunch, which is less than a year old, now has lots of data to work with in making recommendations. In fact, she says, users have answered nearly 50 million questions on Hunch since launch, and the company can use that data to make better and better recommendations.
Wikipedia founder Jimmy Wales joined the company’s board of directors in late 2009.