June 12, 2024
Particle has successfully secured $10.9 million in a Series A funding round, spearheaded by Lightspeed Venture Partners. This round also saw contributions from Axel Springer, a worldwide media corporation that owns brands such as Business Insider, Politico, Welt, and Bild.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
Particle | $10.9M | June 12, 2024 | Series A | $10.9M | Lightspeed Venture Partners | AI |
The involvement and financial backing from these media firms underscore Particle's commitment to collaborate with publishers in achieving their objectives, rather than merely providing solutions to their challenges.
The objective of this financing round is to amplify Particle's AI proficiency and expand its content services, guaranteeing that users are provided with highly tailored and pertinent news alerts. The firm persistently pioneers in the AI news industry, propelling user interaction and contentment.
About Particle
Particle News.ai, also known as Particle, is an innovative startup that leverages artificial intelligence to transform the way we interact with news. Founded by former Twitter engineers, Particle aims to provide a personalized, “multi-perspective” news reading experience.
The platform uses AI to summarize news from a variety of sources, offering readers a quick, bulleted summary of stories. This allows users to understand more in less time. If readers wish to delve deeper, they can explore how a story has unfolded over time.
Currently, Particle is in private beta. Despite being in its early stages, it has already become a daily app for some, synthesizing multiple articles and angles on any news topic, surfacing key points as objectively as possible, and allowing users to dig further across many dimensions.
Website: https://particlenews.ai/
About Investor
Investor: Lightspeed Venture Partners
Lightspeed Venture Partners is a venture capital firm that operates at multiple stages and is dedicated to propelling disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past 20 years, the Lightspeed team has supported hundreds of entrepreneurs and has contributed to the creation of over 500 companies worldwide, including notable names like Affirm, Carta, Cato Networks, Epic Games, Faire, Forty-Seven, Guardant Health, Mulesoft, Navan, Netskope, Nutanix, Rubrik, Sharechat, Snap, Udaan, Ultima Genomics, and others. Currently, Lightspeed and its international team manage $25B in assets under management (AUM) across the Lightspeed platform, with investment experts and advisors located in the U.S., Europe, India, Israel, and Southeast Asia.
Location: United States
Website: https://lsvp.com/
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