Tuesday, October 31, 2006

Monitor110 Raises additional $11m, totals $20M

Monitior110, the pre-launch web monitoring service for hedge fund traders Techcrunch wrote about in September, will announce on Monday that it has closed a Series C round of financing with $11 million from new and existing investors. The company, which will begin offering its product for general subscription early next year after three years of development, has now raised a total of $20 million.

The service tracks information from now 50 million sources, analyzes it for topical relevance and delivers near real time alerts to customers. It focuses on blog, deep web and static web changes. Topical expertise evaluation is an important part of the secret sauce.

Full story, plus comments...

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