Led by Acadia Woods, the series A will allow the company to further develop its product.
Luminoso, spun out of MIT Media Labs in 2010, has secured $6.5m in its series A. The round was led by New York-based Acadia Woods and also included Tokyo-based Digital Garage.
Luminoso provides text analytics in the cloud. The software’s unique selling point is its fully automated ability to build a taxonomy on the fly. The system can recognise when slang enters the lexicon and infer its meaning from contextual clues of users, and is also able to make sense…
