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Artificial Intelligence Innovator Kensho Boosts Total Capital to $58 Million

Kensho_homepage_Aug2015

Update: Artificial intelligence specialist Kensho has raised an additional $33 million in new funding, according to regulatory filings filed last week. The $47.8 million figure originally reported includes $15 million raised in November 2014 in a round led by Goldman Sachs.

Investors in the most recent capital infusion were not specified. The latest investment takes Kensho’s total funding to more than $58 million.

Kensho’s previous investors include Accel Partners, Devonshire Investors, General Catalyst Partners, Google Ventures, New Enterprise Associates, Promus Ventures, Work-Bench, and Xfund.

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From left: Kensho’s Adam Broun, head of strategy and business development, and CEO Daniel Nadler demonstrated Warren, an interactive research environment from Kensho, at FinovateEurope 2014 in London.

Kensho has built what it calls the world’s “first computational knowledge engine for the financial industry.” The company leverages massively parallel, real-time, statistical computing and advances in unstructured data engineering to create Warren, an “interactive research environment” that is able to answer more than a million queries posed to it in natural language. Portfolio managers and market researchers can ask Warren questions—such as the short-tern history of Apple’s share price after an earnings announcement or the effect of North Korean missile tests on the South Korean stock market—and get answers in minutes.

Recently featured in a review of Boston-area startups, Kensho was named to OnFinance’s “50 Companies to Watch” roster in April. The company forged a partnership with NBC Universal News Group last fall, providing unique analysis to the viewers of the financial news network, CNBC. Later that month, Kensho announced a $15 million fundraising led by Goldman Sachs.

Founded out of MIT and Harvard in 2013 and headquartered in Cambridge, Massachusetts, Kensho demoed Warren at FinovateEurope 2014 in London.