RESTON, VA – Clarabridge, which sells text analysis software used to improve customer relationship management, has raised at least $4.25 million of a mixed securities offering targeted at $4.31 million, according to a regulatory filing.
The company previously raised three rounds of funding totaling $22 million. Investors include Grotech Ventures, Boulder Ventures, Intersouth Partners, and Harbert Venture Partners.
According to the filing with the U.S. Securities and Exchange Commission disclosing the financing, Link Ventures of Wakefield, MA, and Sanju K. Bansal, of Microstrategy in Vienna, VA, are listed as principals along with directors from the other investors.
Sid Banerjee, Clarabridge CEO, recently wrote a blog post for us about text analytics and what they mean:
Analytics: Text mining for customer insight
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Tags: Clarabridge, CRM, financing, Sid Banerhee, text analytics, Viriginia
[...] RESTON, VA – Clarabridge Inc., a provider of text and sentiment analytics software implemented by many Fortune 1000 companies to improve customer experience management (CEM), today announced it has secured $4.33 million in a mixed securities offering from existing investors plus Sanju Bansal, COO of MicroStrategy, who joined the board in late 2009. We previously reported the company had nearly completed the raise. [...]