Signal AI raises $25m in Series C funding

The round was led by Redline Capital.

Photo credit: Getty images
Photo credit: Getty images

NEW YORK: Signal AI has raised $25 million in a Series C funding round led by Redline Capital to support its growth. 

The latest round, which included existing investors MMC Ventures, GMG Ventures and Hearst Ventures, brings the company’s total funding to $43 million, according to a statement from Signal AI. 

Signal AI, which is known for market intelligence and media monitoring, will use the proceeds to branch into new use cases, according to a statement. The company’s AI technology is used by executives for decision-making on issues such as reputation risk; environmental, social and governance; tax; compliance; and regulatory monitoring, the company said in a statement. 

Signal AI is also planning to accelerate growth in the U.S., where it launched last year, and "cement" its presence in Asia-Pacific, where it launched this year.

Over the last year, Signal AI’s revenue has grown by more than 130% and it has more than doubled its number of customers, the company said in a statement. It has 150 employees worldwide with offices in London, New York and Hong Kong. Its clients include Deloitte, HSBC and MSLGroup.

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