Meta, an Artificial Intelligence Platform for Science, Receives $6M in Funding
Series A Round Provides Further Investment Into Core AI Technologies, Accelerating Platform Growth, and Adding Key Hires Across the Company
TORONTO, ON–(Marketwired – Nov 18, 2015) – Meta, a machine intelligence and big-data-as-a-service company for researchers and scientific industries, today announces $6 million in funding led by Rho Canada Ventures (previous investments include: Figure1 & Chango). Additional investors include Western Technology Investment (Palantir, Google, Facebook), iGan Partners (Quandl, eSight), and angel investors from around the world.
Meta recently launched its AI-powered science information platform, an end-to-end service that enables researchers and scientific industries to navigate the entirety of scientific information (25 million papers with 4,000 new ones published daily) and instantly identify key insights that would normally take days or even weeks to find. The platform currently offers 20 machine intelligent services for four core scientific industries — publishing, life science tools and reagents companies, academia and government agencies.
Meta also announced an agreement with SRI International to commercialize their predictive intelligence technology originally created under the U.S. Government’s $60 million IARPA FUSE project. SRI’s previous innovations include SIRI (acquired by: Apple Inc.), the computer mouse, natural language speech recognition, and a central role in the birth of the Internet. The SRI FUSE technology will be rolled into Meta’s existing AI infrastructure and made available to scientific industries through Meta’s 20 platform services.
“Meta has built a powerful platform that allows scientific researchers, publishers and companies to navigate the universe of scientific information in ways that were never before possible,” said Roger Chabra, partner at Rho Canada Ventures. “Meta has essentially created a disruptive, Watson-like solution that allows researchers to be fully informed of past and breaking developments in their field, publishers to streamline their operational processes and life science companies to access unprecedented sales and marketing information. We are very pleased that Sam & Amy Molyneux and the Meta team chose us to lead their latest funding round.”
The additional funding will allow Meta to continue investing in its core AI technologies, roll out additional updates to its literature discovery engine, and accelerate growth across the platform. The company also plans to add key hires to its sales, engineering, and data science teams.
“Our focus will be to assist organizations with implementing our platform services to solve the full range of their diverse science information challenges,” said Sam Molyneux, co-founder and CEO of Meta. “To do so, Meta is assembling a world-class engagement team comprising our exceptional engineering and data science talent, together with partnered teams from leading commercial AI institutes.”
The company plans to announce those partnerships in the coming weeks.
Meta (formerly Sciencescape) is a big-data-as-a-service company for science and IP that uses machine intelligence to solve core research information challenges for academics and industries built on the academic literature. Meta’s free literature discovery engine is used by researchers at thousands of institutes around the world, while Meta’s intelligent data services are used by industries like publishing, life sciences, academia, and government. Meta’s mission is to organize and deliver all of the world’s scientific and technical information. For more information about Meta and its services, visit www.meta.com.
Uproar PR for Meta
Originally posted here.