22nd Oct 2019

Signal AI Raises $25 Million Series C funding round

We’re very proud to be continuing our support for Signal AI, one of the leading companies transforming how executives make sense of the information explosion, as it announces the successful completion of its $25 million Series C funding round.

MMC first backed Signal AI in 2016 and we’re delighted to be investing again alongside new lead investor Redline Capital as well as GMG Ventures and Hearst Ventures. This funding round brings Signal AI's total funding to date to $43 million.

With roots in media monitoring and market intelligence, Signal AI will use this new capital to further branch out into new use cases, as well as accelerate its rapid growth in the US and cement its recent launch in the APAC market.

With machine learning at its core, Signal AI’s market leading media monitoring and market intelligence offering provides an unparalleled view of the world's news and regulatory data and ensures clients never miss key stories or data points that impact their business.

This funding comes after a period of explosive growth for Signal AI, growing revenue by over 130% in the last 12 months and more than doubling its number of customers in the same period. Signal AI has more than 150 employees worldwide, having expanded its global footprint with offices now in London, New York and Hong Kong. Numerous Global Fortune 1000 list clients include Deloitte, HSBC and MSL Group.

Signal AI is disrupting the established market intelligence players in the UK PR & Comms space, and now increasingly in the US. Their AI technology is also being leveraged by business leaders in other sectors to make informed decisions on the things that matter to them from a range of risk types concerning Reputation Risk, ESG, Tax, Compliance and Regulatory monitoring, right through to discovery applications relating to Deal Origination.

“Our vision at Signal AI is to transform business decision making through augmented intelligence. We are building artificial intelligence and machine learning technologies that learn what an executive needs to know and investigate huge amounts of data to provide critical insights in real-time. The results give them absolute clarity about what’s happening outside their organization to make the most informed decisions,”

said David Benigson, CEO and Founder of Signal AI.

“I am thrilled to have Redline join us in this latest round and appreciate the continued belief and support of our existing investors, which will allow us to continue scaling our business and advancing our work with some of the world’s biggest companies.”

For more on this story, read TechCrunch and CityAM.

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