Seed Funds for Text Analytics Firm QuickCode.ai

In the US, text analytics specialist QuickCode.ai has raised $2m in a seed round of funding, which it will use to expand operations.

QuickCode enables data scientists to unlock the insights 'trapped' in text data. Powered by technology developed and patented by Harvard University, the platform uses natural language processing to target and create datasets for text-based machine learning algorithms, focusing users on finding the most representative data, including the hard-to-label and edge cases.

Seed funding comes from DataTribe, which invests in data science companies. Shannon Hynds (pictured), CEO of QuickCode.ai, comments: 'This new investment empowers us to continue evolving and strengthen our research and development and processes to bring about new, exciting technologies for text-based machine learning and artificial intelligence. We're honored and grateful for the opportunity to partner with DataTribe'.

Web site: www.quickcode.ai .