Golden is announcing that it has raised $14.5 million in Series A financing. The round was led by previous financier Andreessen Horowitz, with the company’s co-founder Marc Andreessen joining the startup’s board of directors.
When Golden released last year, creator and CEO Jude Gomila informed me that his objective was to develop a knowledge base focused on locations where Wikipedia’s protection is frequently spotty, especially emerging innovation and startups.
Gomila told me today that “companies, technologies and individuals involved in them” remain Golden’s strength. In that sense, you might see it as a competitor to Crunchbase, but with a much bigger focus on explaining and “clustering” info on huge topics like quantum computing and COVID-19, rather than just aggregating key information about people and business. (By the method, both TechCrunch and the author of this post have their own profile pages, though the latter is woefully empty.)
In contrast to Wikipedia, which relies on community editors, Gomila stated the majority of the data in Golden is gathered utilizing artificial intelligence and natural language processing: “We’re utilizing AI to extract information from the news from sites, from public databases.
This is supplemented by Golden personnel (former TechCrunch copy editor Holden Page leads the startup’s research team), while the larger community likewise pitch in by flagging things that are inaccurate or require to be updated. (As one example of this “human in the loop” editing process, Gomila revealed me a tool where someone might paste in a short article link and Golden would automatically summarize it.)
“The supreme goal is to attempt and automate as much of this as possible,” Gomila said.” [For now,] this hybrid is the most effective method.”
Golden has actually also started dealing with paying clients consisting of personal equity firms, hedge funds, VCs, biotechnology business, corporate innovation workplaces and government companies– in fact, it states it signed a $1 million agreement with the U.S. Flying force this year. These clients are spending for access to Golden’s research study engine, that includes the business’s Query Tool and the ability to demand that the start-up prepare research on a particular topic.
Golden has now raised an overall of $19.5 million. Other investors in the new financing include DCVC, Harpoon Ventures and Gigafund.
“Golden’s knowledge base and research engine aggregates information about emerging technologies and the companies, investors, and the builders behind them,” Andreessen said in a statement. “Human and maker intelligence, working together on Golden’s platform, results in knowledge which provides individuals the edge in making choices and browsing unpredictability.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.