Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Text Analytics Startup Luminoso Grabs $6.5 Million in Series A Funding

by admin
July 3, 2014
in News
Home News
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on e-mail

Luminoso, a US-based text analytics startup, announced on Tuesday $6.5 million in Series A funding. The round was led by Acadia Woods, with participation from Digital Garage also.

Luminoso grew out of MIT’s Media Lab and has developed artificial intelligence software that promises to help companies understand and derive meaning from huge amounts of unstructured text. As re/code explains, “the company says it can cull through millions of communications collected from social networks and websites by its customers, identifying shifting sentiment, picking up subtext and translating slang. And the text analysis technology works in English, Portuguese, Spanish, French, Italian, German, Chinese and Japanese.”

Customers of the startup have included Yelp, Oliver Garden, and Intel. More recently, however, the company has partnered with Sony to provide a social network dedicated to the World Cup. The language processing capabilities of Luminoso is the underlying technology powering Sony’s One Stadium Live, “bringing organization to the many World Cup conversations taking place across the world on social networks Facebook, Google+ and Twitter.”

Text Analytics Startup Luminoso Grabs $6.5 Million in Series A Funding
Conversations on Social Media About the Belgium vs USA World Cup Game on Tuesday

Talking about Luminoso, the CEO and Co-founder Catherine Havasi said, “People are creative about the way they talk about a product. We wanted to give computers intuition to understand creative language”…“we are taking what was a qualitative process and turning it into a more quantitative process.”

Luminoso raised $1.5 million in seed funding 2012. The recent Series A funding round brings the total investment in the company to $8 million.


Join the Partisia Blockchain Hackathon, design the future, gain new skills, and win!


Read more here

Follow @DataconomyMedia

Interested in more content like this? Sign up to our newsletter, and you wont miss a thing!

[mc4wp_form]

(Image Credit: LUMINOSO)

 

 

Tags: LuminosoMachine LearningNatural Language ProcessingNews

Related Posts

How did ChatGPT passed an MBA exam

How did ChatGPT passed an MBA exam?

January 27, 2023
Google code red: ChatGPT and You.com like AI-powered tools threatening the search engine. Moreover, latest Apple Search rumors increased the danger.

Google code red: ChatGPT, You.com and rumors of Apple Search challenge the dominance of search giant

January 26, 2023
T-Mobile data breach 2023 explained: Learn how did the leak happen and explore T-Mobile data breach history. It is not the first time of the company

T-Mobile data breach 2023: The telecom giant got hacked eight times in the last six years

January 20, 2023
Microsoft layoffs 2023: Amazon job cuts that affect 11,000 employees explained. Big tech layoffs continue... Learn why and what will happen next.

Microsoft layoffs will affect more than 11,000 employees

January 18, 2023
Medibank Data Breach Class Action: Compensation can reach up to $20,000 per person

Medibank Data Breach Class Action: Compensation can reach up to $20,000 per person

January 16, 2023
What is DoNotPay AI Lawyer? The world's first robot lawyer ready to give $1 million to represent you. How does it work? Keep reading.

DoNotPay AI lawyer is ready to give $1 million for any case in US

January 12, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST ARTICLES

BuzzFeed ChatGPT integration: Buzzfeed stock surges after the OpenAI deal

Adversarial machine learning 101: A new cybersecurity frontier

Fostering a culture of innovation through digital maturity

Nvidia Eye Contact AI can be the savior of your online meetings

How did ChatGPT passed an MBA exam?

AI prompt engineering is the key to limitless worlds

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy
  • Partnership
  • Writers wanted

Follow Us

  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.