CAMBRIDGE, Mass.--(BUSINESS WIRE)--Crimson Hexagon (http://crimsonhexagon.com), a social intelligence company in the vanguard of social media monitoring and analysis, announced today that it secured $5 million in funding from Charles F. Dolan, founder and chairman of Cablevision Systems Corporation, one of the nation's leading telecommunications, media and entertainment companies. The Series B funding will be used to support accelerated product development as well as Crimson Hexagon’s rapid subscription growth within the media, financial services, public affairs, health and life science sectors.
Recently named by Fast Company as one of the Top 10 Most Innovative Companies on the Web, Crimson Hexagon provides social intelligence software and services to some of the world’s largest and most respected companies. Powered by patent-pending technology originally developed at Harvard University’s Institute for Quantitative Social Science, the Crimson Hexagon ForSight™ platform surpasses the capabilities of traditional social media monitoring and expands the capacity of market research.
Funded by a series of angel investments led by the Golden Seeds investors’ group, Crimson Hexagon was founded in 2007. The social intelligence pioneer delivers real-time analysis of how engaged customers communicate their thoughts and intentions online, using a language-agnostic algorithm and a multi-year trending database that adds over one billion social media posts each week.
“Charles Dolan’s investment recognizes Crimson Hexagon’s readiness for expansion and rapid growth,” said Patricia Gottesman, Crimson Hexagon President and CEO. “We’re inspired by his vision, his extraordinary accomplishments and his significant contribution to Crimson Hexagon’s capacity for progress on the entrepreneurial road ahead.”
About Crimson Hexagon, Inc.
Crimson Hexagon, founded in 2007, is the leading social intelligence company for global brands, media, financial services, advertising, government and public affairs organizations. Powered by patent-pending technology developed at Harvard University’s Institute for Quantitative Social Science, the Crimson Hexagon ForSight™ platform overcomes the limits of traditional market research by delivering a real-time view of how engaged online consumers truly think and feel about a brand or issue. For more information go to: http://crimsonhexagon.com or read the Crimson Hexagon Social Media Monitoring and Analysis blog: http://crimsonhexagon.com/blog/.