Feb 13, 2016

Artificial intelligence startup Diffbot raises $10 million for ambitious project

Posted by in categories: business, internet, robotics/AI

I cannot wait to see the results.

Palo Alto-based Diffbot has proclaimed itself the “leading arms dealer in coming AI wars” after raising $10 million in Series A funding.

Diffbot has developed a robot that is working to organize information from all over the Web into the world’s largest database of knowledge. The robot, which works without human oversight, recognizes, reads, understands and monitors product pages, news articles, discussion forums, videos, pictures and more, according to the company. Businesses can gain access to this data when they sign up for Diffbot plans, ranging from $299 to $3,999 per month.

“We’ve developed a business model for AI that works and I’m excited with this new investment to accelerate our mission even further,” founder and CEO Mike Tung wrote in a company news release Thursday. “Structuring the world’s knowledge is within sight.”

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