Poised for Growth, Zignal Labs Closes $10.7 Million in Series B Funding
Expands Leadership, Sales and Engineering Teams to Meet Growing Market Demand
23 Oct, 2014, 07:00 ET
SAN FRANCISCO, Oct. 23, 2014 /PRNewswire/ -- Zignal Labs, the leader in delivering data-driven insights from big data analytics, realtime media monitoring, and business intelligence, today announced the completion of a $10.7 million Series B round of funding. The round was led by existing investors Andy Ballard, Managing Partner of Figtree Partners; Mitchell Cohen, Manager of Ross Investment Associates; and Jim Hornthal, co-founder and Chairman of Zignal Labs. The company will use the funds to continue to grow its leadership, sales, and engineering teams to deliver innovative product enhancements to its next-generation analytics and insights platform.
"We've cracked the code on making big data analytics accessible to a wider audience," said Josh Ginsberg, CEO, Zignal Labs. "We founded the company three years ago because we identified an acute market need for a new type of analytics platform that could aggregate information from millions of sources in realtime. Today, our customers are making better strategic and tactical decisions based on the insights and perspectives that the Zignal Labs platform provides."
Zignal Labs has formalized its executive team with the appointment of co-founders Josh Ginsberg and Adam Beaugh as Chief Executive Officer and President/Chief Product Officer respectively. In addition, Alyson Welch has joined the company as Vice President of Sales. Alyson's track record of success at Akamai brings experienced management and leadership to Zignal Labs' expanding sales efforts.
"Zignal has stayed on the leading edge, creating a big data solution for communication professionals, analyzing aggregated data from millions of traditional and digital media sources into an intuitive and understandable interface. This round of funding lets the company continue to invest in maintaining our best-in-class solution in a huge, global market," said Adam Beaugh.
Since its inception in 2011, Zignal Labs has been actively used by a growing list of global customers that include the top public relations firms around the world, Fortune 50 companies, political efforts domestically and internationally, professional sports teams, and leading financial institutions.
About Zignal Labs
Founded in 2011, Zignal Labs is a leader in delivering data-driven insights from big data analytics, realtime media monitoring, and business intelligence. The Zignal Labs realtime platform enables customers to make informed decisions faster by aggregating data from millions of sources and synthesizing social and traditional media into a powerful interactive dashboard. Zignal Labs' team is comprised of experts from analytics, communications, and information technology industries; the team has created a powerful, easy-to-use comprehensive platform that covers the entire global media spectrum. Zignal Labs has offices in San Francisco and Washington, D.C. To learn more, visit: www.zignallabs.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/poised-for-growth-zignal-labs-closes-107-million-in-series-b-funding-946162579.html
SOURCE Zignal Labs
Share this article