Factual Raises $25 Million From Andreessen Horowitz and Index Ventures
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Factual is a data start-up company that has raised $25 million from Andreessen Horowitz, Index Ventures, Michael Ovitz, and SV Angel. Factual was founded by Gil Ebaz.
Ebaz is also known for co-founding Applied Semantics. Applied Semantics is the company that Google acquired in 2003 to built AdSense. Factual helps companies organize data that can be used on mobile applications and websites. Factual is currently powering Facebook Places in Japan and the UK. Every time that Factual’s API is calling, they charge a royalty fee. The fee is small or large depending on the size of the company.