NetBase gains $18.1 million for expansion

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Mountain View, Calif.—Social media analytics company NetBase Solutions has secured $18.1 million in venture capital to use for global expansion and services enhancement. The new funding was led by Thomvest Ventures, Altos Ventures and Tran Ventures. NetBase's solutions use a natural language processing engine combined with machine learning to process social media posts. In March, the company launched its ESI Platform, which combines real-time monitoring and measurement with what the company said are instant, interactive insights into the drivers of customer opinions, emotions and behaviors.
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