There’s a lot of talk these days about what you can do with “big data.” Here’s one of the more eye-catching uses: A startup called Recorded Future pulls data from around the Web to give customers a better handle on — that’s right — the future.
The company just announced that it has raised $12 million in Series C funding from Balderton and Google Ventures. Balderton partner and former Business Objects CEO Bernard Liautaud is joining the board.
Recorded Future says it’s continually scanning “tens of thousands of high-quality, online news publications, blogs, public niche sources, trade publications, government web sites, financial databases and more.” Then it analyzes that content and visualizes the data in a way that should help you answer questions about what’s ahead.
For example, the demo video below includes mentions queries like: Where are world leaders traveling next month? What’s going down in Mexico City over the next 60 days? Which source best predicts correct Apple product releases? The Recorded Future website suggests that the company is targeting three main use cases — financial services, competitive intelligence, and defense and intelligence.
The company has now raised a total of $20 million, with past investors including In-Q-Tel (the venture arm of the CIA), IA Ventures, Atlas Venture, and Google Ventures. Co-founder and CEO Christopher Ahlberg says Recorded Future is coming out of “semi-stealth mode” today — a fuzzy term, since the company has already attracted some customers (including the Defense Department) and headlines, but one that suggests we’ll be hearing more from the company soon.
About Recorded Future Company background Mission: Record and analyze what the world knows about the future Recorded Future is a start up headquartered in Cambridge, MA, with offices in Göteborg, Sweden and Arlington, VA. We are attacking a hard problem - to organize the web in a radically new and useful way. The world’s 24x7 media flow is filled with temporal signals, including reports of what’s transpired or statements of what’s expected to come. Recorded Future’s linguistic and statistical algorithms extract time-related...
Balderton Capital is the leading venture investor in the EU… Balderton has a track record of helping entrepreneurs build substantial businesses – with more $250m+ exits in the past five years than any other European venture firm. We have backed over 100 entrepreneurs in the last decade, and continue to look for outstanding entrepreneurs who share our passion for disrupting large markets and building long-lasting, great companies. We invest early stage, but, with nearly $2 billion of committed capital, we have the...
Google Ventures is the financially motivated venture capital arm of Google Inc., founded in 2009. Google Ventures invests in startups in industries including consumer Internet, software, hardware, clean-tech, bio-tech, health care and others. They aim to invest about $100 million a year, with deal sizes ranging from seed to late-stage investments of tens of millions of dollars, depending on the stage of the opportunity and the company’s need for capital. Google Ventures currently invests in the U.S. and has offices in...
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