• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2023-2024
  • Sponsored Post
    • Make a Contribution
  • Technology Markets
    • Venture Capital
  • About
  • Contact

Forge.AI Raises $11M to Decode the World’s Unstructured Data

December 6, 2018 By admin Leave a Comment

Targeting Financial Services and Public Sectors, Forge.AI Enables Businesses to Transform Public Data into Machine-Ready Insights for Critical and Strategic Decisions

Forge.AI, an artificial intelligence company that transforms the world’s unstructured information into structured machine ready data, today announced that they closed a $11M Series A funding, led by Underscore VC with participation from Accomplice, Boston Seed Capital, Imagination Capital and Project 11 Ventures.

Forge.AI is focused on helping businesses harness the information content contained in the approximately 80 percent of the world’s data that is unstructured. Leveraging both natural language understanding technologies and a proprietary dynamic self-learning knowledge graph, Forge.AI transforms publicly available text-heavy content — such as news reports, social media, financial reports, SEC filings –. into knowledge-rich, structured event feeds. Data science and engineering teams then apply these event feeds directly into their company’s analytical decision-making processes and infrastructure.

“Businesses use Forge.AI’s event feeds to open up fundamentally new data sets so they can better analyze risk, improve predictive capabilities and ultimately make better decisions for their organizations,” said Jim Crowley, CEO and co-founder of Forge.AI. “Our goal is to empower businesses with the real-time, mission-critical data that can meaningfully impact and change their business. We enable teams to model the world in new ways, be more efficient and apply their energies to the actual analysis versus drowning with intense ‘data wrangling’ challenges associated with unstructured data.”

Forge.AI is initially focused on two broad information and data-rich sectors: financial services and the public sector. Financial institutions such as The Vanguard Group, currently leverage Forge.AI to source and structure their acquisition of critical knowledge from unstructured data sources.

“Over the next few years, companies like Vanguard will differentiate themselves from their competitors by harnessing machine-readable information for the benefit of clients, employees, and shareholders alike,” added Warren Pennington, principal and head of FinTech for Vanguard’s Investment Management Group. “Through our partnership with Forge.AI, Vanguard is looking at data in fundamentally new ways, and we are using this data to enhance our business in areas like the client experience, internal operations, and economic analytics.

“The vast amount of content being created by media companies should be transformed into a structured data asset for a new audience – the growing audience of intelligent machines, ” added Richard Parsons of Imagination Capital and the former Chairperson of both CitiGroup and Time Warner. “Forge.AI has the potential to not only accelerate the growth of machine intelligence and expand what businesses can do with machine intelligence, but they may also help media organizations extend the reach of their content to the growing population of intelligent machines.”

Co-founded in 2017 by Jim Crowley, Jack Crowley, and Jennifer Lum, the team brings extensive early-stage company expertise in building mission-critical data platforms. The funding will be used to accelerate hiring, product development, and go-to-market activities.

Based in Boston, Forge.AI is an artificial intelligence company that transforms the world’s unstructured information into machine-readable data that supports critical analytical tasks and strategic decisions. Forge.AI leverages publicly available text-heavy content — such as news reports, social media, financial reports, SEC filings – and produces intelligent structured event feeds specifically designed for immediate use by data scientists, engineers and intelligent machines. For more information on Forge.AI, visit http://www.forge.AI or follow them on Twitter @Forge_AI.

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

With the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is positioning itself as a critical player in the EV industry
The US curbs on China’s semiconductor industry have a significant impact on the Asian semiconductor manufacturing landscape
The Immersive Experience in the Museum World
How insurers thrive in a turbulent market
Leveraging Artificial Intelligence to Drive Cost Savings and Productivity in Uncertain Times
The shipping industry is undergoing a significant change with the influx of new vessels arriving just as the growth of trade is beginning to slow down
Climate change is increasingly affecting the production of beer ingredients

Market Research Media

Streaming video, training, and gaming coming together to form a cohesive and diverse media and entertainment ecosystem
Turn Your Story into a Game: The Art of Gamifying Your Plot
The end of cheap money is redrawing the map of corporate earnings
The Future of Virtual Reality: How VR is Changing Industries
Market Research Media Survey: The State of Streaming Services
Media measurement services provide a holistic view of cross-media consumption
Gen Z ranks top in luxury sales

Secondary Sidebar

Tech Events

Embedded World 2023, March 14-16, 2023, Nuremberg, Germany
The IOT Solutions World Congress and Barcelona Cybersecurity Congress, May 21-23, 2024, Fira de Barcelona’s Gran Via venue
React Summit 2023, June 2 (in-person in Amsterdam) & June 6 (remote), 2023
Blockchaining 2023: The crypto world is facing a crisis of confidence
ScyllaDB Summit 2023 taking place online on February 15-16, 2023

Venture Capital

Gradient, a company specializing in eco-friendly heating and cooling solutions, has raised $18 million in a Series A funding round
The Importance of Diversity and Inclusion in the Workplace
Sequoia Capital announces its $195 Mln dedicated seed fund
Sublime Systems Secures $40 Million Series A to Electrify and Scale Decarbonized Cement Production
actyv.ai Raises Pre-Series A Funding to Fuel Global Expansion, Product Enhancement

Footer

Recent Posts

  • Nel Hydrogen Electrolyser has received a purchase order €12 million for 40 MW of alkaline electrolyser
  • The use of immersive technology in museums is still in its early stages
  • The low tech unemployment rate and hiring activity confirms the long-term demand for tech talent
  • Virgin Orbit and SatRev Sign Launch Services Agreement
  • Harnessing the Power of Innovation for a Better Tomorrow
  • Breaking Down Silos: The Need for Cross-Sector Collaboration in Tackling Global Challenges
  • The SPIE Prism Awards recognized the best new optics and photonics products
  • Netlify has acquired Gatsby
  • Potential for disruption: Conference is the most inefficient way to get information
  • Artificial Intelligence: The Future of Healthcare

App Coding

What are implications of rewarding developers basing on number of lines of code?
Ondat 2.8 Arrives in GA with Increased Support for Stateful Workloads in Kubernetes
ScaleOut Software Announces Production Release of Redis®* Integration
Configit Introduces Breakthrough System-Level Configuration Solution
Dynamic forms for your React app

API Coding

Cybertech 2023 in Tel Aviv: Securing the Future with API Security
How to teach yourself API coding
Creating an API that generates a description of an image using ChatGPT
One AI to Take on Global Language AI Challenge with NLP-as-a-service Platform for Developers
The API Security Imperative

Blockchaining

Highlights: Blockchain Conference in Tel Aviv
ETHDenver’s #BUIDLathon and Community-Owned Innovation Festival Returns in February 2023
What are DLT ledgers?
Is blockchain a transversal technology?
What is NFT?

Event Calendar

eCarExpo, February 3-5, 2023, Stockholm
AHR Expo, the largest HVAC event in North America, February 6-8 2023, Atlanta, Georgia
The Cultural Transformation Business Summit, hosted by Epic Pivot, will take place on February 23, 2023 at The Wond’ry, Vanderbilt University’s Innovation Center
The CannaReg Summit 2023, March 22-23, 2023 in Burlington, VT
INDEX, the world’s largest nonwovens exhibition, takes place on 18-21 April 2023 in Geneva, Switzerland

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT