KIYATEC Announces Investment from Seae Ventures and Names Co-founder and Managing Partner Jason Robart to its Board of Directors
01 May, 2021
– Applied XL, a startup creating machine learning tools with what it describes as a journalistic lens, is announcing that it has raised $1.5m in seed funding.
– The company is led by CEO Francesco Marconi (previously R&D chief at The Wall Street Journal) and CTO Erin Riglin (former WSJ automation editor).
– The company started out by working on a number of different data and machine learning projects as it looked for product-market fit — but it’s now ready to focus on its first major industry, life sciences, with a product launching broadly this summer.
– The startup is compared to Bloomberg and Dow Jones, suggesting that just as those companies were able to collect and standardize financial data, Applied XL will do the same in a variety of other industries.