Tuesday, February 22, 2011

Fetch Technologies Raises $4.6M

El Segundo-based Fetch Technologies, a firm which develops software for aggregating data from web sites, said Tuesday that it has raised $4.6M in a Series B funding round. The firm said the funding was led by Robert Sansom, a founder of Fore Systems, and also included Sheldon Stone, founder of Oaktree Capital Management, and Frank Baxter, Chairman Emeritus of Jeffries and Company. Fetch said its products are being used by such companies as Dow Jones, Reuters, McGraw Hill and Verifications, Inc. The firm's technology is based on research from the University of Southern California's Information Sciences Institute. As part of the funding, Sheldon Stone joins the firm's board. More information »

---