Signal AI, a software company transforming how executives make sense of the information explosion, has announced the completion of its Series C funding round of $25 million. The funding brings the total amount raised by the startup to $43 million.
The funding round was led by Redline Capital with participation from existing investors including MMC Ventures, GMG Ventures and Hearst Ventures.
With machine learning at its core, Signal AI’s media monitoring and market intelligence offering provides an unparalleled view of the world’s news and regulatory data and ensures clients never miss key stories or data points that impact their business.
David Benigson, CEO and Founder of Signal AI said: “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 organisation 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.”
Nicolas Giuli, Partner at Redline Capital added: “In this new digital era of news and content, having an adaptive platform to help the world’s leading organisations see around the corner is invaluable.
“Signal AI’s team of data scientists and engineers have been at the forefront of the AI revolution and we are excited to take this journey with them as they continue to scale across the world.”
This funding comes after a period of significant growth for Signal AI, growing revenue by over 130% in the last 12 months and more than doubling its number of customers in the same period. Signal AI now has more than 150 employees worldwide, having expanded its global footprint with offices now in London, New York and Hong Kong.