Predictive Social Intelligence™ Pioneer Blab Secures $1.5 Million Funding Round
Seattle, Wash. – January 31, 2013 – Blab, Inc., a company on the forefront of Predictive Social Intelligence, announced today that it has secured $1.5 million in funding. The Seattle-based startup offers a solution to predict conversations in the social sphere, empowering brands to not only join discussions that engage their audiences, but to lead them.
“This funding allows us to expand our investments in development as well as operations as we approach our first public release,” said Randy Browning, CEO of Blab. “The ability for a brand to know in advance what the next big relevant conversation will be is an incredibly compelling value proposition for companies that already rely on social media to connect with their customers. That’s what predictive social intelligence is all about and these new resources will help us extend our leadership in this emerging category.”
The new funds join other angel investments from an initial seed round for a total investment in Blab of more than $3.25 million to date. The funding round was led by strategic investor Barry X Lynn, who will take a seat on Blab’s board, responsible for Corporate Strategy and Governance. Lynn is an accomplished entrepreneur, investor and director of several technology companies. He is a former C-level Fortune 100 executive, serial CEO and director of a venture capital firm.
Also joining Blab’s board is David Snelling, the company’s Chief Technology Officer. In addition to spearheading Blab’s proprietary technical capabilities, Snelling has been a technology innovator, leader and entrepreneur for over 20 years. His technical expertise and acumen has shepherded innovations at companies ranging from start-ups to major players such as Microsoft Research, MSNBC and Disney.
"Traditional big data analytics tools are limited to reports on information about what has already happened or the current state of affairs." said Barry X Lynn. "Blab's Predictive Social Intelligence platform will drive fundamental change to the next generation of big data tools and will make real-time predictive modeling actionable and cost-effective. I am excited to be a part of the Blab team, moving the science of the social canvas from the past into the future."
Blab is a pioneer in the category of Predictive Social Intelligence. Blab applies proprietary technology and big data processing to contextualize and predict tomorrow’s online conversations today. Brands rely on Blab to contextualize and predict conversations that engage their target audiences, so they can maximize conversation opportunities and minimize threats.
About BlabBlab is a pioneer in the category of Predictive Social Intelligence. Blab applies proprietary technology and big data processing to contextualize and predict tomorrow’s online conversations today. Brands rely on Blab to contextualize and predict conversations that engage their target audiences, so they can maximize conversation opportunities and minimize threats.
McClenahan Bruer for Blab, Inc.