This is the company's first round since their $25 million Series A in December 2010, bringing their funding total to $62 million since they launched in 2008.
"In 2008 when I founded Factual, the need for a neutral data company whose only business is enabling others to build great products was crystal clear," said CEO & founder Gil Elbaz in a statement. "Since then, the need has only grown as there has been a demonstrated trend among large platforms to limit or shut down 3rd party access to their data in favor of their own products. Access to data is as critical for innovation as access to computing power or talent. I'm incredibly proud of the progress we've made to date and I am looking forward to the next phase of the company. As we forge ahead, we will continue to make data accessible, accelerating innovation and improving our daily lives."
Factual will reportedly use the funding to drive their international expansion, accelerate their sales and marketing efforts and enhance their core data engineering capabilities. The company currently works with major tech clients including Apple Maps, Facebook, and Microsoft Bing.
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