Since its inception in 2008 Factual collected a database of 25 million POIs in the United States, UK, Japan, France, Italy and Germany.
“We plan to use the funds to accelerate our rate of growth, expand our data offerings and services, and hire top quality talent, particularly engineers,” said Gil Elbaz, CEO of the company. “With that last goal in mind, we recently decided to open an office in the Bay Area (in addition to Los Angeles and Shanghai) in order to expand access to the technical talent pool.”
Factual business model is to offer free datasets but to charge for high level volume of API requests.
Factual’s CEO Gil Elbaz was previously one of the founders of Applied Semantics, the firm acquired by Google for its AdSense technology in 2003.