Premise raises $11M for its crowdsourced economic data platform

Premise, the company trying to reinvent macroeconomic indicators in developing countries, has raised an $11 million series B round led by Social+Capital along with Google Ventures, Harrison Metal, Andreessen Horowitz and Bowery Capital. As we explained when the company launched in October, it uses smartphone-armed agents around the world who snap strategic photos that Premise then analyzes to determine the economic health of a region. Co-founder and CEO David Soloff is speaking at our Structure Data conference next week in New York, where the company will also receive a Structure Data Editor’s Choice award.

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