Internet and IoT Startup GroupSolver Raises $1 Million

GroupSolver completed $1 million in financing led by Tech Coast Angels.

GroupSolver is an online platform for marketing research and collective problem solving that seeks to combine ideas from many individuals to get to optimal collective answers. The company claims that the platform’s ability to synthesize and organize qualitative information goes well beyond the capabilities of other approaches. It also provides insight into its solutions: The platform’s built-in analytic tools let users segment solutions on the fly, see the next-best answers, and identify the most influential contributors.

According to the company, the new financing will be used to expand the GroupSolver platform and to increase the company’s sales and marketing capabilities.