US-based Kensho Technologies, the developer of artificial intelligence research assistant known as ‘Warren’, has raised $10m in seed funding.
Google Ventures, the investment arm of Google, joined New Enterprise Associates, Accel Partners, General Catalyst Partners and Devonshire Investors in the round.
Warren can shorten traditional investment cycles from days to minutes, according to Kensho. It can also answer one million questions posed in natural language about financial market information, such as the impact of global events on asset prices.Put more simply, it essentially works as a version of Siri for the finance industry.
The money will be used to increase the number of questions Warren can answer from about one million to 100 million by the end of 2014. The investment will also be used for company expansion.
Kensho was founded by Daniel Nadler and former Google engineer Pete Kruskall, who may have had a hand in attracting Google’s investment.