New Brunswick, N.J.—Data collecting and monitoring company Connotate Inc. has raised $7 million in venture funding, led by Castile Ventures, along with .406 Ventures and Prism VentureWorks. (Connotate has raised $12.5 million to date.)
According to Connotate, the new capital will be used to accelerate its growth. The company's current customers include the Associated Press, McGraw-Hill Cos. and Thomson Reuters Corp.
Last month, Connotate acquired
Fetch Technologies, which, like Connotate, applies machine learning to Web data extraction. Financial terms of that deal were not released.