Signal filters $7.4m for series A round

Dec 15, 2016 • Robert Lavine

AI-powered media analysis startup Signal Media has raised new funding from investors including Hearst Media and RELX, after securing seed capital last year.

Signal Media, the UK-based creator of an artificial intelligence-equipped information intelligence platform, received £5.8m ($7.4m) in series A funding on Tuesday from investors including media group Hearst and analytics provider RELX.

The corporates, which participated in the round through their respective investment subsidiaries, Hearst Ventures and Reed Elsevier Ventures, were joined by venture capital firms MMC Ventures, Frontline Ventures and LocalGlobe.

Signal’s software analyses more than 2 million news articles across 90 countries each day, allowing a user base primarily…

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