AI powered Signal Media lands $16m to provide personalised news feeds

Jun 28, 2018 · uktech.news

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AI powered news analysis firm Signal Media has just closed a mammoth $16m (£12m) Series B round from a group of six investors.

The round was led by VC fund GMG Ventures and MMC Ventures. Frontline, Hearst Ventures, Reed Elsevier Ventures and LocalGlobe also contributed.

London-based Signal Media uses machine learning to shift through media content and provide snippets to executives. The tech extracts insight from over 2.8m global online, print, television, radio and regulatory sources, and can translate it into over 100 languages from across 200 markets.

David Benigson, Signal’s CEO and founder, commented: "We have a system that’s constantly evolving and getting smarter and more intuitive for our customers as they use it.

"Most businesses above a certain size already have a business intelligence tool that enables them to analyse their internal data in considerable depth. Our objective is to provide senior leaders with as much clarity and transparency about what’s happening outside of their organization as they have inside it," he added.

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