CB Insights acquires 27 years of private company data from Dow Jones to broaden its power to inform business customers
VentureSource's data assets from Dow Jones for an undisclosed amount. Dow Jones VentureSource, a pioneer in the data field, has been collecting important information on tech, startups, and investors since 1983 — well before the first dot-com boom.
The coronavirus pandemic has been "a shot in the arm" for CB Insights, Sanwal said, referring to the company's rising revenue. CB Insights, which mostly helps large enterprises make technology decisions, has seen a surge in demand. Sanwal said that the startup's clients are in the market for new technologies so that they can implement social distancing in workplaces such as factories and call centers.
The pain might be worth it. CB Insights, whose data is mostly from 1999 and after, hopes to become the largest database for private company data. This fresh data from VentureSource will give clients access to additional information about how private companies are run, including which lawyers, bankers, and accountants worked with which companies, and when. The data set also includes information about almost half a million management personnel, Sanwal told Business Insider.
As CB Insights eyes future acquisitions, Sanwal said that he is always thinking about what is in the best interest of his clients.
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