Claritics Named “Top 50 Startup” at TiEcon 2011
Recognized in cloud-computing category for its cutting-edge social intelligence applications
Mountain View, CA – May 12, 2011 – On the same day that it announced its Series A round of financing, Claritics, Inc. (www.claritics.com), a next-generation social intelligence company, today was recognized as a winner of the highly coveted TiE50 Award. Claritics will be honored at TiEcon 2011 on May 13th & 14th, 2011, at the Santa Clara Convention Center in Santa Clara, CA, where it will demo a version of its social analytics applications at Table 801 in the expo hall. Claritics’ financing was lead by Cervin Ventures and TiE Angels, an investment group formed by Charter Members of TiE Silicon Valley.
TiEcon is the world’s largest conference for entrepreneurs, featuring two action-packed days of rich dialogue, networking, and deal making with thousands of entrepreneurs, venture capitalists, industry executives, and thought leaders.
This year, the TiE50 program screened 1,619 high quality companies worldwide through a multi-tier screening and judging process.
“We are extremely honored to be selected by TiE for this prestigious award,” said Raj Pai, co-founder and CEO of Claritics. “TiE is well-regarded for its ability to identify the top up and coming technology companies, and their track record based on previous TiE50 winners speaks for itself. This year’s crop is equally impressive, and we are proud to be included among such exclusive company.”
“Claritics was clearly ranked amongst the best of the breed by a team of 60 highly accomplished and experienced judges. These experts included globally recognized venture capitalists, CEO’s, academia, and serial entrepreneurs,” said Mr. Vish Mishra, Chairman and President of TiE Silicon Valley. “Being recognized as a TiE50 winner is a true testament to their entrepreneurial spirit and world class caliber.”
“TiE Angels invested in Claritics because they really stood out amongst this year’s crop of technology startups,” said Samir Mitra, TiE Angels Investor and Claritics Board Member. “From the moment we met them we were impressed with their entrepreneurial spirit and their vision to revolutionize analytics around social intelligence and automated optimization. Being recognized as a TiE50 winner is a true testament to the strength of the Claritics management team and their execution to date.”
"TiE50 companies this year again represented an extraordinary set of ideas, innovation, and business opportunities. Since its inception two years ago, 94% of TiE50 companies have been funded, attracting over $20 Billion in investments! 42 companies have already exited,” said Ram K. Reddy, Chair TiE50 2011. “We plan to feature our finalists and winners through various channels and outreach programs during the year.”
Claritics is a social intelligence company that delivers rich analytics for immediate, actionable insights to help social commerce companies reach faster, smarter decisions. The company is the first solution of its kind to turn analytics into automated business processes that continuously improve its customer’s reach, retention and revenue campaigns. Claritics’ cloud-based suite of social analytics applications track data from across multiple platforms in real-time to allow game developers, marketers and social commerce companies to make immediate improvements to their businesses. Headquartered in Mountain View, California, Claritics is venture-capital backed and led by a seasoned management team with deep expertise in data analytics and marketing automation. For more information, visit www.claritics.com.
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