Another Big Day for Twitter Partners as DataSift Raises $42 Million

 

Nick-halstead

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Tuesday was another big day for companies selling Twitter's data.

Datasift, a social analytics company with access to Twitter's full firehose, announced on Tuesday a $42 million Series C funding round. DataSift has raised more than $70 million total, most of it since a $6 million Series A round back in 2011

Tuesday's Series C round was lead by New York-based Insight Venture Partners, which also invested in Twitter and other social companies like HootSuite.

The funding announcement comes less than 24 hours after Topsy, another social analytics company with access to Twitter's firehose, was acquired by Apple for a reported $200 million. Topsy, along with DataSift and a third company called Gnip, have had success selling Twitter data to clients who wish to better understand the conversations occurring on the social media platform Read more...

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