Accelovation raises $4M for online software for IT market research

December 3, 2007 | Matt Marshall

Accelovation, a Mountain View, Calif. maker of online software for researching emerging technology markets, has raised $4 million in a second round of funding.

This is the worst name for a company we’ve heard in a while. It is meant to be a joining of the words “acceleration” and “innovation.

Thomvest Ventures led the round with a $2 million investment, VentureWire (sub required) first reported this morning. Other investors included Altos Ventures and individuals.

Thomvest and Altos invested in a $3 million first round more than two years ago.

The company says it is like a search engine but produces analytics and summaries of the results rather than just a list of documents.

Next Story: Facebook education app gets funding
Previous Story: PayPal's Thiel, AOL's Miller invest in ad management co., Clickable

Twitter

Facebook

Google Buzz

Digg

StumbleUpon

Delicious

Google

More...

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.