US-based prediction technology developer Recorded Future, which makes software to analyze military and intelligence data, has reportedly raised $12m from a consortium including search engine provider Google.
News provider Boston Business Journal said Recorded’s latest round of funding included venture capital firms Balderton Capital, Atlas Venture and IA Ventures alongside In-Q-Tel, the quasi-corporate venturing unit of US intelligence agencies, and Google Ventures.
The start-up’s algorithms mine data feeds from tens of thousands of websites to forecast geopolitical or economic events for businesses and government agencies.
Recorded has reportedly raised $20m in its history.