Reporting and analytics firm Umbel wants to provide new metrics for measuring content online, to help publishers better monetize their content. And it’s getting some validation from the Knight Foundation, which was just announced as a strategic investor in the startup.
Umbel uses big data analysis of publisher data to better measure audiences that view their content. By using public data provided by social logins, it can provide real-time data about those audiences and help publishers engage with them. It has data from 2.5 million registered users today, which it correlates against 30 different data sources to provide composite audience information.
Umbel therefore provides publishers with more granular data about who’s viewing their content, going beyond just the usual demographics and geography data provided by most third-party measurement systems. That will help publishers to better pitch their audience’s value and interests to brands and agencies.
To help with this, the Knight Foundation has made a strategic investment in Umbel, as part of the $3.7 million Series A Round it announced in April. That round was led by Austin Ventures and also included investment from angels such as Herbert Simon, Chairman and Director of the Simon Property group, and Gordon Paddison, CEO Stradella Road and former EVP of New Media Marketing at Newline Cinema.
Knight Foundation supports transformational ideas that promote quality journalism, advance media innovation, engage communities and foster the arts. We believe that democracy thrives when people and communities are informed and engaged. For more, visit www.knightfoundation.org.