Crunchbase is undergoing a significant transformation, shifting its focus from historical company data to an AI-powered predictive intelligence platform. The goal is to help users accurately forecast the growth of private firms, the structure of their funding rounds, and potential acquisitions.
The platform, which serves over 80 million users by providing insights into private businesses, investors, and market trends, is now moving away from static historical data. The company has declared such data “dead” in favor of advanced predictive capabilities.
CEO Jager McConnell emphasized this shift, stating in a blog post, “If you still rely on static data from the past to make your business decisions, you’re at risk of becoming obsolete. AI has upended the status quo, compelling businesses to act quickly and think ahead in ways that standard data analysis cannot support.”
Crunchbase is leveraging AI to gather, analyze, and interpret extensive data in order to make informed predictions about market behavior. The platform processes billions of signals each year to provide actionable intelligence and outcomes.
McConnell highlighted the effectiveness of their predictive technology, claiming, “We’ve tapped into a technology so powerful that it feels more like magic. Our predictions are transformative when it comes to winning in private markets — internal backtesting showed our funding predictions to have up to 95% accuracy and 99% recall.”
However, the company notes a disclaimer: “Crunchbase’s AI may contain mistakes and is not legal, financial, or investment advice.”