Golden is asserting that it has raised $14.5 million in Sequence A funding. The spherical was led by earlier investor Andreessen Horowitz, with the agency’s co-founder Marc Andreessen becoming a member of the startup’s board of administrators.
When Golden launched last year, founder and CEO Jude Gomila advised me that his objective was to create a information base targeted on areas the place Wikipedia’s protection is usually spotty, notably rising know-how and startups.
Gomila advised me this week that “corporations, applied sciences and the individuals concerned in them” stay Golden’s power. In that sense, you possibly can see it as a competitor to Crunchbase, however with a a lot larger emphasis on explaining and “clustering” data on huge subjects like quantum computing and COVID-19, fairly than simply aggregating key information about corporations and folks. (By the best way, each PJDM and the author of this post have their very own profile pages, although the latter is woefully empty.)
In distinction to Wikipedia, which depends on group editors, Gomila stated many of the information in Golden is gathered utilizing synthetic intelligence and pure language processing: “We’re utilizing AI to extract data from the information from web sites, from public databases.
That is supplemented by Golden workers (former PJDM copy editor Holden Page leads the startup’s analysis workforce), whereas the bigger group additionally pitch in by flagging issues which might be incorrect or should be up to date. (As one instance of this “human within the loop” modifying course of, Gomila confirmed me a instrument the place somebody might paste in an article hyperlink and Golden would routinely summarize it.)
“The final intention is to try to automate as a lot of this as attainable,” Gomila stated. “[For now,] this hybrid is the best technique.”
Golden has additionally began working with paying clients together with personal fairness companies, hedge funds, VCs, biotechnology corporations, company innovation places of work and authorities businesses — the truth is, it says it signed a $1 million contract with the U.S. Air Pressure this 12 months. These clients are paying for entry to Golden’s analysis engine, which incorporates the corporate’s Query Tool and the flexibility to request that the startup put together analysis on a selected matter.
Golden has now raised a complete of $19.5 million. Different traders within the new funding embody DCVC, Harpoon Ventures and Gigafund.
“Golden’s information base and analysis engine aggregates details about rising applied sciences and the businesses, traders, and the builders behind them,” Andreessen stated in a press release. “Human and machine intelligence, working collectively on Golden’s platform, ends in information which supplies individuals the sting in making choices and navigating uncertainty.”
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