Socialeads, Inc., a Milwaukee-based AI & machine learning technology startup, closed $750k seed funding round.
The round was led by The Winnebago Seed Fund with participation from Northwestern Mutual’s Cream City Venture Capital and the BrightStar Wisconsin Foundation.
The participation from Cream City Venture Capital expands its stake in Socialeads who won Northwestern Mutual’s Reverse Pitch last fall.
The financing will be used to expand the company’s resourcing needs to launch initial pilots for Northwestern Mutual’s financial advisors.
Founded in 2018 by Larry Hitchcock and Matthew Salzer, Socialeads provides an AI platform for financial services companies and their advisors to know the size, depth, and value of their professional and personal social networks. Its advanced machine learning and natural language processing technology provides insights derived from social media.