Accompany, an app that wants to be your virtual chief of staff, has raised a boatload of new cash. The company, whose app publicly debuted in August, said on Monday that it had raised $20 million in new funding.
The premise for Accompany is simple: the free app wants to automatically provide you with all the information you need to prepare for meetings. Accompany connects to your Google or Microsoft email account, your mobile calendar, and Facebook and Twitter accounts. From there, the company’s algorithms parse through your personal data—as well as biographies and information listed online—to create miniature dossiers on each of your contacts.
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When you open your Accompany app, you’ll see your calendar, and when you can select the person you are meeting with, you’ll see a feed that includes everything you may need to know about them. That includes news about the person and their employer, posts from Twitter, as well as the contact’s full bio. You’re also be able to see your email history with that person, as well as any notes that you have previously created about them within the Accompany app.
The new funding was led by Ignition Partners, and brings the company's total backing to just over $40 million. Past investors include Cowboy Ventures, Charles River Ventures, Iconic, and the late Dave Goldberg, the former CEO of online polling service SurveyMonkey.
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Accompany competes with LinkedIn and isn't able to access any information and data sources from the professional social network. LinkedIn, recently acquired by Microsoft for $26.2 billion, doesn’t let third parties access to its data. LinkedIn bought Refresh, an Accompany rival, in 2015.
Accompany's latest investment is intended to help it grow and create its own sources of data beyond LinkedIn. The company plans to use the new funds to expand its data mining service and to hire additional employees for its offices in Los Altos, Calif., and Portland, Ore.