Premise Raises $50 Million

What does Premise do?

Premise, is an economic data tracking platform which maps the truth up from the ground. This tech company is building a global network for tracking macroeconomic and human development trends in real time. The company’s software and mobile infrastructure collects millions of discrete data points each day from the local sources helping the clients from largest institutions in the world in understanding and navigating the unprecedented volatility in the the global inflation, food security and industry competitive dynamics. The company is backed by some of the forwards looking investors such as Harrison Metal, Google Ventures, Andreessen Horowitz etc.

How much Premise was funded?

Premise raised $50M in Series C funding on September 24, 2015 from The Social+Capital Partnership and Valor Equity Partners

Previous funding

• Undisclosed amount in Seed round on July 1, 2012 from Anthemis Group, SK Ventures and Neu Venture Capital
• $4M in Undisclosed round on February 1, 2014 from Anthemis Group

• $11M in Series B funding on March 13, 2014 from The Social+Capital Partnership(Lead), Google Ventures Partner: Hal Varian, Bowery Capital and Harrison Metal

What is next for Premise?

Premise is aiming to have employees in the low 60s by the end of 2015, then in the low triple digits by end of 2015. The new funding will help the company in outsourcing the collection of economic data. The company expects to end this year with annual recurring revenue of more than $10 M.

More about Premise

Premise was founded in 2012 by David Soloff and Joseph Reisinger. It has its heaquarters in San Francisco, California. The company closes the information gap in this complex and evolving world. It blends machine learning with the human intelligence for enabling the largest organizations in the world to make much better policy and investment descisions. The company unearths connections which impact global decisions.