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Data collection process
In the beginning, getting data required calling people and requesting Excel spreadsheets. But now, with the abundance of information on the web, 70% of our data is machine learning driven. We have developed software to extract structured data from unstructured documents by crawling millions of sources daily. This has made our models more cost efficient and helped us uncover more deals. The remaining 30% of our data comes from direct submissions, which has increased as our name and reputation have grown. We also have hundreds of M&A teams using our platform. Investors recognize the value of having their companies featured on CB Insights, as it is a popular resource for buyers, CIOs, and potential strategic partners. Gathering data in this way has become a significant part of our process.