Exclusive: Open-source intelligence startup Tadaweb raises $20M
Tadaweb, an operating system that collects and analyzes public data, raised $20 million, led by Arsenal Growth and Forgepoint Capital, according to co-founder and CEO Francois Gaspard, who tells Axios Pro exclusively.
Why it matters: Being able to analyze publicly available information is a must for organizations, but the sheer volume makes it challenging to do quickly and accurately.
How it works: Tadaweb's "small data" operating system digests fewer but more precise open-source intelligence (OSINT) data points.
This reduces analysis time down from days to minutes, allowing companies and governments to identify threats, business disruptions and other issues.
The platform also offers full transparency to customers concerning what data was used and how.
Zoom in: Existing investor Wendel participated in the round.
By the numbers: The 120-person company, founded in 2011, increased revenue 30% last year, Gaspard said.
The Luxembourg-based company has raised $40 million total.
What they're saying:"Big data companies can bring in a billion data points, but you don't know where it all is coming from," Gaspard said. "We are about precision and transparency. Transparency is key."
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