Parakweet Raises $2M in Funding
Summary
Parakweet, a San Francisco, CA-based a platform that offers product recommendations to consumers and social media analytics and metadata to global media companies, raised $2m in funding.Backers included Scott Banister, Alan Braverman, David Jeske, and other angel investors and entrepreneurs.The company intends to use the funds for new product innovation and continued development of BookVibe, its recently launched book discovery engine.Founded in 2010 by serial entrepreneur Ramesh Haridas, CEO, machine learning and search technologist Kiam Choo, and artificial intelligence software architect Ilmars Poikans, Parakweet develops a proprietary artificial intelligence platform that uses social media- specific natural language processing (NLP) to detect and extract meaning from unstructured conversations and identify consumer behavior, intent and sentiments.The company’s first product – BookVibe – is a social discovery and book recommendation engine for consumers.