Content recommendation provider Aggregate Knowledge has closed a second funding round of $20 million. The round was led by DAG Ventures, along with Kleiner Perkins Caufield and Byers, which invested in the previous $5 million round. This brings total investment in the two-year-old company to $25.23 million, including the $230,000 seed round from last summer that was converted into the first round. Release
Examining the San Mateo company’s funding progress over the past two months, Venturebeat writes that investors have assessed Aggregate Knowledge’s value as higher than $70 million. It currently has 15 customers, including Overstock and the Washington Post. Essentially, Aggregate Knowledge offers products, news content and other material to users based on what previous users, who have exhibited similar behavior, have chosen to buy or read.
Related:
-- Content Recommendation Firm Aggregate Knowledge Gets $5 Million Funding
-- Content Recommendation Firm Aggregate Knowledge Gets $230K First Round Funding