Idibon, a San Francisco, CA-based provider of a platform for companies to understand their language data, raised a $5.5m in Series A funding.
The round was led by Altpoint Ventures, Khosla Ventures, and Morningside Ventures, with participation from Samsung and Inventec. In conjunction with the funding, Vadim Tarasov from Altpoint will join Khosla on Idibon’s board of directors.
The company intends to use the funds to expand operations.
Launched in January 2014 by Robert Munro, CEO, Idibon uses natural language processing and data science to takes unstructured data like social media, emails, and websites, and provide structured answers to key business intelligence questions. It supports NER/text extraction, sentiment analysis, text/content categorization, language detection/identification.
Idibon is multilingual and currently handles over 50 languages including English, Chinese, Japanese, Korean, Spanish, Portuguese, French, German, Dutch, Russian, Swedish, Italian, Indonesian, Vietnamese, Hindi, Bengali, etc.
FinSMEs
16/10/2014