Signal AI

History

2021: Attracting $50 million investment

In December 2021, Signal AI startup announced the attraction of $50 million in investments. Among those who invested in the British AI service for monitoring the media was the Redline Capital fund, owned by the main beneficiary of AFK Sistema, Vladimir Yevtushenkov.

The lead investor in this Series D financing round was the Swiss Highland Europe fund. MMC Ventures, Hearst Ventures and Guardian Media Group Ventures also took part in the investment deal. Taking into account this round, the total amount of funds raised by the startup reached $100 million. Its estimated value by December 2021 is not announced. According to PitchBook estimates, we can talk about the amount of $200 million.

Vladimir Yevtushenkov Foundation invested in the developer of the AI system for monitoring the media Signal AI

Signal AI intends to use the funds raised for the further development of its AI platform. In particular, it is planned to increase the number of data sources with which the service works so that it is possible to cover a larger range of issues that companies are interested in.

Companies still have not had an effective radar so that they can outpace threats and opportunities and turn problems into favorable prospects, "said Signal AI CEO David Benigson.

According to him, by December 2021, the startup is working with 40% of Fortune 500 companies, and its client base includes Deloitte, Bank of America and Google.

Signal AI is involved in media analytics and monitoring, providing business with information about reputational risks, helping to track information about competitors' business and monitor regulatory changes. At the same time, by December 2021, the company is increasing the number of data types that its platform can provide. As Benigson explained, for example, this:

• more information and "understanding" for the company about potential business partners;
• Learning about diversity and inclusiveness and how others approach it;
• decisions on the environmental strategy;
• data to support the company's compliance strategy in areas such as taxes or data protection.^[1]

2019: Vladimir Yevtushenkov Foundation invested in Signal AI

At the end of October 2019, the Redline CapitalVladimir Yevtushenkov Fund invested $25 million in Signal AI, a startup developer of an AI system for automating business intelligence and media monitoring tasks. In addition to Redline Capital, MMC Ventures, Hearst Ventures and GMG Ventures were investors. Since the launch, Signal AI has attracted investments totaling $43 million.

The Signal AI application analyzes the media and informs companies about reputational risks, tracks information about the business of competitors, monitors regulatory changes. At the same time, Signal AI uses more than 5 million sources per day in more than 80 languages, and search can be configured using special tags and groups.

Signal AI Signal AI analyzes the media and informs companies about reputational risks, tracks information about the business of competitors, monitors regulatory changes.

Signal AI software uses a variety of machine learning methods, including natural language processing, text analysis, topic classification, entity recognition, mood analysis, citation and anomaly detection, and data visualization to display customer requests. Its algorithms recognize and label objects such as people, places, organizations, companies, and topics (for example, purchases and job searches), and interface dashboards use data visualization and real-time analysis to compare results in the form of tables, graphs, reports, and alerts.

The company, founded in 2013, employs more than 150 people. The company's main offices are located in London, New York and Hong Kong. It is reported that over the past year, the company's revenue has grown by more than 130%, the number of customers has doubled. The startup collaborates with Deloitte, HSBC, MSL Group and other companies. The funds raised are planned to be invested in the development of a startup in the USA and the Asia-Pacific region.^[2]

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