NewtonX, The First AI-Powered Expert Search Engine, Closes $12M Series A Led By Two Sigma Ventures
Summary
NEW YORK--(BUSINESS WIRE)--NewtonX, the first real-time expert search engine, today announces the closing of a $12M Series A funding round led by Two Sigma Ventures, with participation from Third Prime Capital and Xfund. The funding will be instrumental to the company’s efforts to increase expert discovery capabilities through technology investments and data acquisition, as the company officially launches its external facing platform. Founded by CEO Germain Chastel, COO Sascha Eder and CTO Anuja Ketan, NewtonX’s expert knowledge search platform uses a proprietary suite of artificial intelligence (AI) and robotic process automation (RPA) technology to dramatically reduce the time and cost of surfacing industry expertise and knowledge. NewtonX enables clients—including Microsoft, 23andMe, and the majority of the top 10 management consulting firms—to leverage the power of automation to connect with professionals who have subject-matter expertise. “When my cofounder, Sascha, and I first conceived of NewtonX, we were working on a highly confidential project that required insight into market expansion opportunities for self-driving cars.