Thursday, September 2, 2010

Inflection Finds $30M

Palo Alto-based Inflection, which runs the websites Archives.com and PeopleSmart.com, said this morning that it has raised $30M in a Series A funding round. The round was led by Matrix Partners and Sutter Hill Ventures. As part of the investment, Greg Sands of Sutter Hill Ventures and Josh Hannah of Matrix Partners are joining the company's board. Archives.com offers up historical records and information, mostly for genealogy and family history use, and PeopleSmart.com is a people search engine. According to Inflection, the funding will go to expand its team, invest in technology, and acquire customers for its web properties. Inflection was founded by Brian and Matthew Monahan in 2006. More information »