7 years ago
Signal Media Raises $16 Million for AI-Driven Market Intelligence
Signal Media, a UK-based startup that uses AI to provide media monitoring and b2b market intelligence, has raised $16 million in Series B funding
The round was led by GMG Ventures, an independent VC fund whose limited partner is The Scott Trust, owner of The Guardian news organization
Other investors include MMC Ventures, Kreos Capital, Frontline, Hearst Ventures, Reed Elsevier Ventures, and LocalGlobe
Signal Media plans to use the funding to build out its AI-driven features, expand into the US market, and broaden its product offerings into risk management and business development
The company currently has over 200 clients, including Allen & Overy, Amnesty International, British Airways, E.ON, TalkTalk, Thomas Cook, and Whitbread.
ProblemTechnology
"Businesses have to sift through a ton of information, like news articles, to find relevant insights for decision making."
Solution
"Signal Media uses AI to analyze information from millions of sources in real time, giving businesses a clear picture of their market and relevant insights for reputation management, risk assessment, and identifying opportunities."