Label Insight Raises $21 Million in Funding Round

Chicago-based Label Insight recently raised $21 million in a Series C funding round led by Delta-V Capital and River Cities Capital Funds. The funding will be used to increase the company's ranks of data scientists. Label Insight's cloud-based product data engine enables CPG brands and retailers to transform basic product data into thousands of smart attributes –such as nutrients and allergens – to provide a deep understanding of their product set.