SmartNews, Inc., a global news discovery company, secured $28m in Series E funding.
The round, which brings total funding raised to date to $116m and its valuation to $1.1 billion, was led by Japan Post Capital Co., Ltd.
The company intends to use the funds to accelerate its growth in the U.S. and worldwide by continuing to build out its global engineering team.
Led by Ken Suzuki, Co-Founder and CEO, SmartNews is a news app based on AI technology delivering coverage of politics, sports, world news, entertainment, and via relationships with over 390 U.S. publisher partners.
Today, 20 million active users per month in the U.S. and Japan use SmartNews.
The company has employees and offices in Tokyo, San Francisco, Palo Alto, Shanghai, New York, and Fukuoka.