A natural language processing startup and an algorithmic stock trading platform.
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Idibon,( Launched in January, 2014, a natural language processing startup based
in San Francisco), has raised $5.5 million in a Series A round led by Altpoint Ventures, Khosla Ventures and Morningside Ventures, with participation from Samsung and Inventec. Idibon helps companies make
sense of unstructured language data, analyzing social media, email and website
data to predict future purchasing trends or measure campaign effectiveness. Idibon
will use the new funding to back hiring and global expansion.
Quantopian, (Founded in 2011, an algorithmic stock trading platform with headquarters
in Boston), has raised $15 million in a Series B round led by Bessemer Venture Partners with participation from previous investors Spark Capital, Khosla Ventures and Wicklow Capital. Quantopian has created an open
online network for developers of quantitative trading algorithms. Quantopian has raised $24 million to
date and will use the latest cash to build out its product and work on
expansion into international markets.