Signal secures $1.8m for “next generation” intelligence platform
Site has been developed in partnership with world-renowned academics to mine the world's online data sources
London-based market intelligence and information discovery platform Signal has raised $1.8m growth capital from top tier investors including Frontline Ventures, Reed Ventures, Robin Klein and Jonathan Goodwin.
Founded in 2012, Signal Signal harvests data from more than 75,000 news outlets, three million blogs and 100 social networks to provide its users with highly tailored feeds of relevant information on companies, people, topics and trends.
The funding will be used to grow the company’s team of data scientists, and further develop the platform ahead of international expansion this year.
Russell Levi, former head of product management at Bloomberg, has joined Signal to drive its product, sales and content strategies.
Levi commented: “The advent of social media has resulted in exponential growth in content creation and distribution.
“With billions of pieces of content produced everyday, companies are finding it increasingly hard to cut through the noise to find the information that will give them a competitive edge.”
Founder and CEO of Signal, David Bengison, added: “Business has an information problem. The ever-growing abundance of data available online means it’s never been harder to find the right information at the right time. Our vision is a world in which everyone has at their fingertips the ability to make real-time, data-driven decisions.”