INSUBCONTINENT EXCLUSIVE:
financial and other data using cloud-based architecture, has raised another big round of funding to continue expanding its business
with participation from existing investor Andreessen Horowitz.The funding brings the total raised by the company to $140 million, with
previous investors in the firm including JC2 Ventures, Emerson Collective, Founders Fund and a number of others
high places, and its growth.On the first of these, the company says that its board of directors includes, in addition to Lonsdale (who is
now the chairman of the company); Katherine August-deWilde, Co-Founder and Vice-Chair of First Republic Bank; John Chambers, Founder and CEO
of JC2 Ventures and Former Chairman and CEO of Cisco Systems; Marc Andreessen, Co-Founder and General Partner of Andreessen Horowitz; and
Zac Bookman, Co-Founder and CEO of OpenGov .And in terms of its growth, OpenGov says today it counts more than 2,000 governments as
Office, the City of Minneapolis MN, and Suffolk County NY
transparency and security of data), the company noted 1,400 government customers.Government data is generally associated with legacy systems
and cripplingly slow bureaucratic processes, and that has spelled opportunity to some startups, who are leveraging the growth of cloud
services to present solutions tailored to the needs of civic organizations and the people who work in them, from city planners to finance
a trusted choice for government executives who have left public service and moved into investing, leveraging some of the links they still
have into those who manage procurement for public services
There are other firms like LiveStories that have also been building services to help better present civic data to the public that you could
see as complementary to what OpenGov is doing
OpenGov has made acquisitions in the past, such as Ontodia to bring more open-source data and technology into its platform.
