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SilkApp.com Changes To Silk.co Gets Another $1.6 Million In Funding & TechCrunch Covers It

Posted on the 08 October 2013 by Worldwide @thedomains

TechCrunch.com has just covered  the company previously known as Silkapp.com which has just rebranded to Silk.Co and that it raised an additional $1.6 Million in funding to bring it up to a total of $3.7 million in funding

According to TC:

“Since Silk first came out of stealth mode in 2011, there have been 300,000 interactive pages created on its cloud-based, web data-crunching platform designed for non-technical “knowledge workers.” Taking less easy-to-read data sets and making them more digestible, results have ranged from the Guardian newspaper in the UK creating graphics of which countries have the most asylum seekers, through to charting what products Google has killed and dads mapping out the best playgrounds for his kid in Amsterdam (where Silk also happens to be founded). ”

“It’s been a popular, and free, tool, with pages created by some 16,000 people growing by 20 percent each month.

“Now, Silk is moving on to its next phase: its first paid product, Silk for Teams, aimed at groups of enterprise users who want to use the platform to produce cleaner internal data sets, and eventually to create data visualizations that work with paywalls.”

The company (now dropping its silkapp.com URL for a shorter silk.co) is also announcing an extra $1.6 million from existing investor NEA as part of the news, which will also be used to help Silk continue expanding into the U.S. market and add more features to the paid product.

This brings the total raised by Silk to $3.7 million, after previous funding from NEA, Atomico Ventures and a number of prominent angels.

You can read the whole story here


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