London-based market intelligence and information discovery platform Signal announced a seed funding round of $1.8m from top tier investors.
The funding, led by Frontline Ventures, will be used to grow Signal’s team of data scientists, and further develop the platform ahead of a global launch.
Developed in partnership with world-renowned academics in text analytics, natural language processing and machine learning, Signal processes and analyses text from millions of online sources including news sites, blogs, social media and research.
Former Global Head of Product Management at Bloomberg Russel Levi has joined Signal to drive product, sales and content strategies.
Also joining Signal’s CEO David Benigson on the management team are CTO Wesley Hall, whose experience includes senior roles at Gumtree, Fab and eBay; as well as Head of Research Dr Miguel Martinez, a distinguished academic who has published papers on text mining, information retrieval, machine learning and natural language processing.
By scouring over 75,000 news outlets, 3.5 million blogs and 100 social networks, Signal’s technology enables any individual or business to access, analyse and monitor real-time information. Signal users receive highly-tailored feeds on the companies, people, topics and trends that are important to them.