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Expansion Funds for Signal Media
In London, media monitoring and market intelligence firm Signal Media has raised $16m (£12m) in a Series B round of funding, partly for expansion to the US.
 Co-founded by CEO David Benigson and Head of Research Miguel Martinez (pictured), Signal uses artificial intelligence and machine learning to analyse more than 2.8 million global online, print, television, radio and regulatory sources, translated in real-time in over 100 languages from 200 markets. The results are stored in a self-serve application, giving executives a personalised real-time view of relevant conversations, market movements and issues. The firm says its offer directly challenges large providers such as WPP's Kantar, Cision and Isentia.
New funding was led by GMG Ventures, with MMC Ventures the largest investor in the round, which also included a debt facility from Kreos Capital, and participation from Frontline, Hearst Ventures, Reed Elsevier Ventures and LocalGlobe. Alan Hudson, founder and Managing Partner at GMG Ventures, comments: 'Signal's sophisticated AI engine is changing how people consume news and information and is redefining how businesses and organisations leverage insight as part of their long term strategy. Signal has a focused management team who we believe are going to win in this emerging space. We are delighted to lead this new investment round alongside world-class investors'.
Web site: www.signalmedia.co .
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