Got Funds? Gnip Scores $2 Million After Twitter Data-Selling Deal
ADOTAS – A day after Twitter authorized the company to sell data streams from the feed, Gnip, which sells data from social media sites to social media monitors, exited a round of funding with $2 million.
Then latest round, which was led by existing investor Foundry Group and included participation from First Round Capital, brought the company’s investing total to $6.6 million.
Yesterday, Twitter gave permission for Gnip to sell data streams for internal monitoring and analytics purposes only. Previously Twitter offered the Firehose, the complete data stream, for a fee — for example, Microsoft paid $10 million to incorporate the Firehose into real-time search. There was also the Gardenhose, a 10% stream of data free for approved developers, and the Spritzer, a free 2% stream.
Now the Gardenhose will be replaced by Gnip’s Decahose — 10% of the stream for $5,000 a month. The new service will be introduced alongside the Halfhose (50% for $30,000 a month) and the Mentionhose (all mentions of a user for $20,000 a month).
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