Signal Media raises $16m to disrupt market intelligence incumbents
Signal Media, the artificial intelligence-powered reputation management and decision support platform, today announced that it had raised $16m (£12m) in a Series B round. The funding round was led and priced by GMG Ventures LP, the independent VC fund whose limited partner is The Scott Trust, owner of The Guardian news organisation. MMC Ventures was the largest investor in the round, which included a debt facility from Kreos Capital. Other investors include Frontline, Hearst Ventures, Reed Elsevier Ventures and LocalGlobe.
Today, Signal has over 200 clients including Allen & Overy, Amnesty International, British Airways, E.ON, TalkTalk, Thomas Cook and Whitbread – among many other household names. The firm’s headcount has doubled to almost 100 people in a year, and has more than quadrupled revenues since its Series A round in September 2016.
The $16m investment will be used to expand further into the US and accelerate Signal’s mission to uncover the ‘unknown unknowns’ facing businesses today, highlighting the risks and opportunities so leaders can take effective action.
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