Quantitative analysis startup Quid is getting a major vote of confidence and $10 million in a Series C round from a raft of serious investors. Niklas Zennstrom’s Atomico Ventures, Ron Conway’s SV Angel, Peter Thiel’s Founders Fund, Endeavour Vision, Infocomm Investments, and Korean investor Charles Lho all invested in the Series C financing. (Founders Fund and Lho were already investors. In addition PayPal co-founder Max Levchin has joined the board.
In the same predictive analytics space as Recorded Future, the startup previously raised $4M across two rounds, from Founders Fund and angels including Dr Charles Lho, Max Levchin, Gordon Crovitz, Allen Morgan, James Hong, Niko Dounchis — The first round was led by Dr Charles Lho and the second by Founders Fund.
You guys might remember Quid from our “Does Quid have the most pretentious website of any startup ever?” post, where we discussed its choice of primary versus secondary typeface and implored the company to get a primary business model before it made a fuss about fonts.
Quid CEO Bob Goodson tells me that that pretty snarky post was actually a boon for Quid, and attracted ultra high quality engineers including a “computational linguist” named Orion Buckminster Montoya who felt that he would fit in perfectly with the startup’s highfaluting culture. They also have a guy named Bong on their team! (Quid got the same artist who does all the Wall Street Journal drawings to make portraits of its engineers, of course, below).
“We are generating more information each year then the rest of human history put together,” says Goodson, “Data is one of the most important trends of the time we live in. Imagine the insights in the world that are now possible with this information, which hasn’t been available before? We’re building the tools to mine these insights, and help people make more informed decisions.”
Quid is planning on using the cash to add 18 more new engineers to its team of 45 and to focus on its product, which is software that visualizes trends across the tech industry for blue chip clients like Microsoft who pay ~$1 million yearly for a subscription. Goodson tells me that the company plans on expanding into other industries once it has nailed down the tech sector.
Quid is an 18-month old, approximately 50-person company located in San Francisco, with investors from the U.S., Korea, Singapore, the U.K, and Switzerland. The company has built a software product that augments human intelligence, transforming complex global information into actionable insight that helps companies and governments make more informed decisions. Quid currently serves Microsoft and other leading international clients, applying Quid software and intelligence to help them understand innovation.
Atomico is an international venture capital firm head-quartered in London, with offices in São Paulo, Brazil, and Beijing, China. It was founded in 2006 by Niklas Zennström, a co-founder of Skype. The firm focuses exclusively on the technology sector, with investments ranging from small seed investments to larger growth investments. It has made more than 40 investments on three continents.
Founders Fund is a San Francisco based venture capital firm which invests at every stage in companies with revolutionary technologies. The firm’s six partners, Peter Thiel, Sean Parker, Ken Howery, Luke Nosek, Bruce Gibney, and Brian Singerman have been founders of or early investors in numerous well-known companies such as Facebook, PayPal, Napster, and Palantir Technologies. Founders Fund was formed in 2005 and has launched four funds to date with more than $1 billion in aggregate capital...
SV Angel is the micro VC firm located in Silicon Valley and founded by angel investors, Ron Conway and David Lee. SV Angel provides capital investments to early stage companies focused on the Internet, e-commerce, and information technology markets. SV Angel is a venture fund which has raised investment from external investors or limited partners in industry parlance. In April 2010, the fund announced its size of $20 million. Per the firm, SV Angel initially expected to raise a...
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