Owlin Secures $250K in Seed Funding
11 DECEMBER 2012, AMSTERDAM
SummaryOwlin, a real-time news analysis and notification company, has secured $250K of funding from NoRo Venture Capital. The one-year old start-up has developed an innovative real-time trend and news detection system. With its technology, aimed at financial institutions and governments, users no longer have to search for news - relevant news is pushed straight to their dashboard. Owlin helps users to specify the news they want and makes sure it is delivered instantly.
The system also enables users to do real-time in-depth analysis of the news topics and shows the buzz and reliability of news items. Owlin provides financial institutions and governments the tools they need to analyze the web and allows them to be the first to receive actionable intelligence, enabling better understanding and faster response in case of strikes, high-impact publicity or disasters.
Owlin is a new way of detecting events, analyzing the web and ranking news. Nowadays everybody can be an editor, news can pop up on all kinds of online channels. The giants in the news industry can't keep up with the mass of niches by their sheer numbers alone. Owlin brings order to this chaos by looking at millions of blogs and news sites, applying complex algorithms to highlight critical information, important trends or breaking news. By cutting out the middleman and looking in the right places, Owlin can deliver bottom-up news 10 to 15 minutes before Bloomberg or Reuters.
That the founders are exceptionally talented was again proven during their stay in Silicon Valley. Last minute, they decided to join the TechCrunch Disrupt Hackathon in San Francisco. Within 24 hours they built an application for DropBox which was awarded first prize for making the most innovative use of DropBox services.
In the meanwhile the founders attracted Sjoerd Leemhuis, who previously held functions in the finance sector, as business developer. They are expanding the team with senior developers and quants. The investment will give them enough runway to start serving customers in the first quarter of 2013.
"I see a lot of opportunities in the data Owlin collects, the fact that they are able to do real-time analysis is in my opinion very valuable." Werner Vogels - CTO & VP Amazon.com
"Real-time news analysis is a hot topic. Owlin provides a powerful solution that goes way beyond our own digital sense. It's a very promising idea for a promising market." Boris Veldhuijzen van Zanten - Co-founder The Next Web
"Per day, more content is published than one can possibly read in an entire lifetime. Owlin knows how to transform all this content into useful information. Such innovations and technologies almost often come from small innovative companies and very little from the big corporates. For me it is a proof that startups add value to the world." Oscar Kneppers - Founder Rockstart
"Owlin has the potential to become not just a local hero. It once more shows that the start-up scene in Amsterdam is alive and rocking." Michiel Verberg - CEO Whatser
"I was used to bureaucratic and slow development processes at the places I worked. This all changed when I met Bas & Richard, the energy these guys have and the speed at which they operate and apply their knowledge, is unbelievable. Working together with these smart guys is great!" Sjoerd Leemhuis - Co-founder Owlin
About the Company:
Amsterdam-based Owlin has been developing news search and analysis tools since its inception in 2012. Owlin's proprietary search and analysis software helps you gain control over the wealth of information on the internet. Owlin scans more than 2 million news sources around the world, 24 hours a day, 7 days a week, and 'turns the news into actionable intelligence'.
From Portugal to OwlinAnother new proud member of the Owlin team is Marcia Tavares of Portugal, who is now our new front-end engineer and UX designer. She did her Master’s degree in Design and Multimedia, finishing it with her thesis presentation in Bordeaux and explains how she ended up in Amsterdam.
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