Banjo Gets $100M to Build the Ultimate Crystal Ball

May 6, 2015

5:43 pm

Not long ago I asked the question: what would you do if you had a crystal ball? This came after Damien Patton, CEO of Banjo, gave me a personal demo of his platform that had been years in the making, and it absolutely blew my mind.

Not long after Banjo revealed to the world the power of Banjo, which he’s taken to calling his ‘crystal ball’, Patton today announced the successful close of a Series C funding round via blog post. In total, Banjo hauled in a staggering $100 million from Softbank and BlueRun Ventures.

According to Patton, the funding will help make their vision to build the ultimate crystal ball that is Banjo a reality. By organizing the planet’s social signals by location, Banjo has effectively changed the game for their customers.

“Now Banjo is moving far beyond social signals. Our technology will know and understand everything, about any location, at any time, creating value for everyone, from individuals to corporations to continents,” says Patton in his post.

You see, Banjo is working on connecting the world’s disparate, real time data streams and harnessing them into one, unified source of unmatched insight. The results are, as Patton says, profound: faster emergency response, safer driving conditions, smarter marketing decision, and more efficient use of energy to name a few.

“We believe we are tackling the most complex data science challenge in the world and that today’s top data scientists and engineers will be eager to join our team to help solve it,” says Patton. “Ultimately, our team will bring order to the chaos of global data and unlock its power for everyone.”

The true power inherent in Banjo’s crystal ball feature is that nothing like this has ever existed before. And after the deal closed, Nikesh Arora, Vice Chirman of Softbank, shared why he ultimately decided to partner with Patton and his team.

“Banjo is in an interesting space, bringing together the ideas of big data, social, local, mobile and trying to derive value from that combination for both consumers and businesses,” Arora says. “I am excited by what I have seen so far, and think this has the potential to be very interesting, and big. Damien thinks big, and is a very dedicated individual — we like his aspirations and are delighted to support him. “

Finishing his post on a high note, Patton claims that Banjo will become the world’s premier real time data platform, the technology fueling other organizations and entire ecosystems. True enough, they’re only scratching the surface of the power of data intelligence today.

“Our crystal ball will push far beyond that boundary,” finishes Patton’s post.

Image Credit: Flickr / Valerie Everett’s page / cropped, resized

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Will is a Senior Writer with Tech.Co, based out of America’s Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He’s the resident Android junkie and will be happy to tell you why you should switch to the OS. When he’s off the clock, Will focuses his literary talent on the art of creative writing…or you might find him surfing in Ocean Beach.

Follow Will on Twitter @WJS1988

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