Funds for Business Data Firm Signal AI

AI-powered business intelligence and media monitoring company Signal AI has completed a Series C funding round of $25m, which it says will be used to add new use cases, accelerate rapid growth in the US and cement its recent launch in the APAC market.

The company provides business leaders with insights into digital, print and broadcast media, news, and regulatory data, and its artificial intelligence layer allows companies to train it to recognize key themes, risks or opportunities in their market sectors. The round, which brings the firm's total funding to date to $43m, was led by Redline Capital with participation from existing investors including MMC Ventures, GMG Ventures and Hearst Ventures.

Signal AI grew revenue by over 130% in the last 12 months and more than doubled its customer base. It now boasts more than 150 employees worldwide, with offices in London, New York and Hong Kong.

Founder and CEO David Benigson comments: 'Our vision at Signal AI is to transform business decision making through augmented intelligence. We are building artificial intelligence and machine learning technologies that learn what an executive needs to know and investigate huge amounts of data to provide critical insights in real-time. The results give them absolute clarity about what's happening outside their organization to make the most informed decisions. I am thrilled to have Redline join us in this latest round and appreciate the continued belief and support of our existing investors, which will allow us to continue scaling our business and advancing our work with some of the world's biggest companies'.

Web site: www.signal-ai.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.