NextBio takes $8M for scientific search engine
NextBio, a search engine that scours the net specifically for information related to the life sciences, has raised $8 million in a third round of funding from Newbury Ventures. Targeted at researchers, the Cupertino, Calif. based service, provides mostly journal articles, scientific news, and updates on clinical trials. It plans to use the new financing to expand internationally and continue developing its technology. And because it is packaged as a software-as-a-service, it is easy to deploy and systems large and small.
The company has partnered with Johnson & Johnson, Eli Lilly and Stanford University to provide paid enterprise versions of its specialized search capabilities to their web sites. So far, its product combs both public and proprietary data. It has raised $16.1 million to date, all from Newbury.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.