Newsbridge, a Paris, France-based video contribution and analysis platform for journalists, production companies and rights holders to get access to relevant content, closed a €1.5M funding round.
The round was led by Elaia Partners.
The company intends to use the funds to strengthen its team, accelerate commercially on a European scale and develop its R&D activity.
Co-founded by Frederic and Philippe Petitpont in 2016, Newsbridge combines artificial intelligence, cognitive technologies and broadcast expertise to make it possible to produce more relevant content quickly.
The company’s artificial intelligence (“AI”) engine allows the detection of entities (objects, characters, situations, etc.) in real time. This technology, based on a contextual and multimodal analysis, provides performance gains by cross-referencing information and metadata from different sources. The solution is implemented by sports rights holders (adidas, Evian Championship or French Rugby Federation) as well as television channels (France Télévisions, M6 Group or TF1 Group).
The company is already processing several thousand hours of content each month for the largest European publishers.
The team is composed of 14 people including 8 doctors and engineers.