DataSift, a social data platform which enables companies to aggregate, filter and extract insights from social networks, has raised $42m in series C funding.
Northgate Capital, which is majority owned by India-based financial services group Religare, has participated in a $42m C round of funding into US-based social data platform DataSift. DataSift is used by over 1000 corporate customers including Twitter, Facebook and Bloomburg to monitor trends and information. Private equity firm Insight Venture partners led the round with participation from Scale Venture Partners, Upfront Ventures, IA Ventures and Daher Capital.
The new funds will be used for international expansion and platform development.
Jeff Horing, co-founder of…
