[Techtaffy Newsdesk]

Compass Labs has secured $6 million in funding from New Enterprise Associates (NEA) and Presidio Ventures. Compass Labs plans to utilize this Series B funding to expand internationally by year-end. Compass Labs will further invest in the Compass Labs IQ (CLIQ) social media advertising platform, says the company.

Dilip Venkatachari (Co-founder and CEO, Compass Labs): This new area of social media intelligence will introduce new players, new data sets and new customer behavior metrics.