Funds for Public Policy-Focused Big Data Firm Statt

Statt Inc., a big data and AI company for the public policy, regulatory and strategic communications sectors, has secured $2.8m in seed funding. The firm has offices in Washington, DC and Austin, TX.

Statt's software scans hundreds of millions of public policy documents to pull out critical public policy, regulatory and geopolitical insights in real-time, helping private and public sector clients to navigate complex regulatory and legislative landscapes. Co-founders Steve Glickman (pictured) - now CEO - and Andrew Platt - Head of Product - both worked in policy development. Glickman was co-founder and CEO of the Economic Innovation Group, senior economic advisor for the White House National Security Council, and a committee staffer on Capitol Hill, while Platt was previously elected to the Maryland General Assembly, served as a congressional leadership staffer, and as an executive at an education and fintech company.

The round was led by Moneta Ventures, with participation from Clutch VC, Next Coast Ventures and NextGen Venture Partners. It follows a $1.6m pre-seed round led by NextGen in November 2020, and will be used to expand the firm's sales, marketing, engineering and machine learning teams to accelerate the development and deployment of its SaaS platform.

Glickman comments: 'We are thrilled to partner with several best-in-class investors as we continue our journey to revolutionize the application of AI to complex flows of information across the public policy and regulatory affairs spaces. With this new funding, we will scale our team, grow our first-to-market data stream, and expand our analytics solutions to empower our customers to proactively navigate and shape the policy landscape'.

Web site: www.statt.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.