Funding

Diffbot Raises $10M Series A

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What does Diffbot do?

Diffbot, develops machine learning, public API for web scraping and computer vision algorithms. The company provides a set of APIs which enable developers in easily using web data in their own applications. The company analyzes documents similar to a human world, through the visual properties for determining how the parts of a page fit together. The algorithm uses statistical techniques for automatically and reliably determining the structural organizations of a page, irrespective of the language of the text and the layout. The company’s technology is used by some of the largest companies in the world. It is the 1st startup funded by SSE Ventures of Stanford.

How much Diffbot was funded?

Diffbot raised $10M on February 11, 2016 from Tencent Holdings, Bill Lee, Georges Harik, Amplify Partners, Felicis Ventures, Valor Capital and Andy Bechtolsheim.

Previous funding

  • $2M on May 31, 2012 from Joi Ito, Sky Dayton, Andy Bechtolsheim, Jonathan Heiliger, Brad Garlinghouse,Scott Thompson, Webb Investment Network, Elad Gil and Matrix Partners.
  • $500k in undisclosed round on June 4, 2015 from Bloomberg Beta

What is next for Diffbot?

The company plans to use the funding for building an AI which can autonomously synthesize the largest database of knowledge in the world. The company has developed a business model for AI which works and is excited with this new investment for accelerating its mission even further.

More about Diffbot

Diffbot was founded in 2010 by Leith Abdulla and Michael Tung. It has its headquarters in Palo Alto, CA. The company is one of the only profitable Artificial Intelligence companies in the world. It provides business applications human level accuracy when accessing the huge unstructured data across the web, and powering applications for some of the tech industry’s largest firms such as Microsoft, Cisco, ebay, Adobe, Yandex and a plenty more.

 

 

 

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