Connotate, which aims to help companies collect data and content from the Web and transform this unstructured data into actionable enterprise intelligence, this morning announced that it has raised $5.25 million in venture capital from .406 Ventures.
Based on technology developed at Rutgers University, Connotate provides customized real-time Web information extraction capabilities that help organizations transform data into actionable intelligence, in order to create new revenue streams, increase productivity and track Web sites with automated processes.
Connotate says its solution helps individual organizations detect changes, collect and organize data from more than 3 million Web pages per day. This data can then be transformed into what the company refers to as “high-value information assets”, to feed content products, grow market and business intelligence, enable mass data aggregation, migration and integration.
Connotate’s patented intelligent Agent technology empowers companies to quickly create data sets, new applications and content products, fully automated and 24/7. Content is delivered over any number of media including XML, RSS, email, text messaging, file systems and direct feeds to SQL databases and Excel.
Customers include Reuters, Dow Jones & Company, Associated Press and Ask.com.