Sensai, a Palo Alto, California-based data science platform for the unstructured world, raised $900K in seed funding.
Backers included Andreessen Horowitz, Formation8, early Facebook executive Chris Kelly, fintech experts ValueStream labs, and others.
Founded in 2014 by Jonas Lamis, CEO, Sensai has developed a platform that allows businesses to quantify textual information such as news articles, call transcripts, legal and regulatory filings, and social media to uncover insights, identify trends and mitigate risks and increase performance. The system continuously tests and learns which algorithms and investigations produce the best results, then makes them available to other users on the platform. Users can also generate customized endpoints through reports, exports, alerts, and APIs.
The company, which recently emerged from the big data incubator Data Elite, serves Fortune 2000 financial services and compliance companies having signed such customers as Siemens, UBS, and WorldQuant.