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.
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MarketWatch Weekly Updates 20071210 - CGC Market Watch - 华创资本(China Growth Capital) said:
[...] Accelovation第二轮融资400万美元。Accelovation提供类似于搜索引擎的服务，但根据用户的需求对结果进行深入的分析，并提供汇总报告，为用户的研究和决策提供数据支持。(link) [...]