Citibeats raises €2 million in funding, unlocks human behavior via its unique augmented analysis
Citibeats, the social data platform that helps private and public organizations understand what matters to people, has raised €2 million in funding. The funding was a collaboration of IDB Lab, CAF, Estinvest, Previsora General, Mutualidad de Prevision Social as well as existing angel investor Everis Fitalent.
As an Artificial Intelligence platform with proprietary Natural Language Processing technology and Machine Learning algorithms, Citibeats unlocks the analysis of big data about human behavior and turns it into actionable insights – regardless of the language, data source, or structure of the text. This makes it possible to get accurate assessments in real-time on how certain issues, policies, or current events are affecting a society’s citizens and what their opinions of them are. As far as it goes the results of this assessment are given 30 days before any traditional method can deliver which makes decision-makers to take the most timely and necessary actions.
Founded in 2018, the company has already scaled not only across Europe, but also in LATAM and Japan with partnership with some of the best in the filed, positioning Citibeats as the AI designed for respectful, inclusive and responsive social understanding.
“The successful use cases we’ve worked on during these years are a confirmation of how reliable, transparent, and precise our proprietary NLP and ML technology is,” commented Ivan Caballero, founder of Citibeats. “Our platform can guarantee to deliver huge quantities of data of great quality, in real-time. These investments will support our expansion across LATAM, and the US and consolidate our presence in APAC and EMEA.”
Source: Tech.eu “Social data platform Citibeats raises €2 million”