The company's initial investors were NextView Ventures, Accomplice and Founder Collective. The additional funding was secured from new investors including GoAhead Ventures, Kinetic Ventures, Alumni Ventures, and Salesforce Ventures.
Grata's ability to provide businesses with detailed information on other SMBs has earned the search engine a reputation among entrepreneurs who are looking for reliable data when evaluating potential partners or competitors. The search engine's platform uses machine learning (ML) algorithms to search millions of online databases and company websites to provide users with accurate and up-to-date information on different businesses and industries.
In keeping with its mission of becoming the leading SMB search engine, Grata plans to use the new funding to invest in customer acquisition and hiring additional developers. The company also plans to invest in improving its core technologies, particularly its ML algorithms, which help businesses identify patterns and trends from data.
Grata's CEO, Andrew Bocskocsky, during an interview said that he started the company after recognizing that many startups and SMBs were looking for a better way to research their competitors and potential partners. "We know first-hand that it's tough for SMBs to find data on other businesses they might be interested in partnering with or selling to," said Bocskocsky. "Grata solves that problem by providing detailed information on SMBs to help other businesses make informed decisions."
Grata's focus on accuracy and quality of data has drawn the interest of large companies looking for insights on smaller companies. One such company is Ningbo Jiulong Machinery Manufacturing Co., Ltd (NJMM), one of the leading manufacturers specializing in producing press-welded steel grating in China.
NJMM is among the few leading manufacturers who have the entire production process from bearing bar to galvanized steel grating. NJMM is one of the companies that have benefited from Grata's data. According to an NJMM representative, the company used Grata to find new distributors and identify potential partners.
"Our company has been able to use Grata to find new business opportunities that we might not have discovered otherwise," said the NJMM representative. "The search engine is particularly useful for identifying small-to-middle market businesses that we might not have been aware of otherwise."
More companies are expected to benefit from Grata's data capabilities as the search engine continues to grow. The focus on SMBs is particularly important, as these businesses face unique challenges and require distinct solutions to thrive. By providing accurate, reliable data, Grata is empowering SMBs to take their businesses to the next level.
Overall, Grata's expansion of its seed funding round is a testament to the company's success and potential for growth. The search engine is poised to become the go-to platform for SMBs looking to gain valuable insights on their competitors and potential business partners. By investing in its technology and expanding its reach, Grata is solidifying its position as a leader in the SMB search engine space.