Forge.AI, a Cambridge, MA-based artificial intelligence platform that transforms unstructured information into structured machine ready data, closed a $11M Series A funding.
The round was led by Underscore VC with participation from Accomplice, Boston Seed Capital, Imagination Capital and Project 11 Ventures.
The funding will be used to accelerate hiring, product development, and go-to-market activities.
Co-founded in 2017 by Jim Crowley, Jack Crowley, and Jennifer Lum, Forge.AI leverages both natural language understanding technologies and a proprietary dynamic self-learning knowledge graph to transform publicly available text-heavy content – such as news reports, social media, financial reports, SEC filings – into knowledge-rich, structured event feeds. Data science and engineering teams then apply these event feeds directly into their company’s analytical decision-making processes and infrastructure.
Forge.AI is initially focused on financial services and the public sector. Financial institutions such as The Vanguard Group, currently leverage its platform to source and structure their acquisition of critical knowledge from unstructured data sources.