Connotate Scores $5.25M, Helps Companies Collect And Understand Data

Connotate , which aims to help companies collect data and content from the Web and transform this unstructured data into actionable enterprise intelligence, this morning announced that it has raised $5.25 million in venture capital from .406 Ventures . Based on technology developed at Rutgers University , Connotate provides customized real-time Web information extraction capabilities that help organizations transform data into actionable intelligence, in order to create new revenue streams, increase productivity and track Web sites with automated processes. Connotate says its solution helps individual organizations detect changes, collect and organize data from more than 3 million Web pages per day.