"With the new funding, the seven-person company plans to build out its engineering team, with the goal of using big data to help students and employers find potential matches."
Sounds like the InternMatch team is orchestrating two great plays in one - a shifting focus to early employment (beyond just internships) and a matching algorithm (better matches/placement).
It'll be interesting to watch how this unfolds in the bigger job-market space. Huge market, huge value, and some strong competition. Best of luck to the IM team.