We’re excited to announce that we have completed our Series-A financing. The new funding round was led by Lytical Ventures along with Franklin Templeton Investments. Existing investors Microsoft M12, Google Ventures, Tensility Venture Partners, Ridgeline Partners and Thomson Reuters also participated in the round, which was oversubscribed.
The funding round was driven by growth of two products:
- The Knowledge Graph and Query-Based Summarization product with Microsoft Azure Cognitive Search to improve research and analytics capabilities across a massive document repository. The Company recently secured a large deal with a major U.S. government client for Summarization-Powered Search. The launch of ESG Research Summarization application, a first-of-its-kind product to simplify the analysis of Environmental, Social & Governance reports by financial institutions and large corporations.
Most corporate search results consist of lists of documents. Not very helpful — especially when there is a lot of research to do. AI-powered Agolo takes the frustration out of search. The Company’s unsupervised learning finds the right relationships in your content. The Agolo knowledge graph then tailors dynamic summaries of key points, and makes them easily accessible.
For anyone doing ESG research, there’s nothing more daunting than combing through 100-page documents to unearth the most important morsels of information. In these need-to-know-now times, traditional approaches to gather, analyze and publish data are not only too slow, they don’t scale across a team of analysts and researchers. The Agolo AI-driven approach generates audience-specific content summaries that not only meet an expert’s standards but can be applied to any content at any scale.
Agolo leverages the convergence of 2 major trends: microservice architectures and unsupervised language models. The maturity of these two technologies is now combined to create what we have named micro-models: purpose built AI that can both be trained and deployed into secure client environments. This unlocks personalized AI that can generate dynamic and unique insight into data.
Agolo is also proud to share that we’re the only non-Microsoft technology incorporated into their 4 largest market saleskits: federal, healthcare, finance and retail. This funding will enable the company to develop GTM functions for each of these markets for both direct and partner sales.
To help us reach our goals for 2022, we are currently expanding our sales and marketing teams, and scaling the product, data science and engineering teams to further the product roadmap. Be sure to check the Agolo careers page and share it with talented friends and colleagues who want to make a huge impact.
2022 is going to be a landmark year and we want to thank everyone involved for their continued support!
