Storytelling AI Startup Tome Raises $43 Million
Tome, an artificial intelligence (AI) startup that specializes in storytelling, has raised $43 million in a Series B funding round. The round was led by Coatue Management and included participation from existing investors including Accel and GV. This brings the company’s total funding to date to more than $60 million.
Founded in 2018, Tome is focused on using AI-driven technology to help people tell stories with data. Its platform enables users to quickly create interactive visualizations of their data sets without any coding or design experience required. It also provides tools for creating custom visuals and dashboards as well as automated insights into trends within the data set.
The company plans to use its new funds to expand its product offering and grow its team of engineers, designers, marketers, salespeople and customer success professionals across all offices worldwide. Additionally, it will be investing heavily in research & development initiatives related to natural language processing (NLP), machine learning (ML) algorithms and other technologies that can further enhance the user experience when working with large amounts of data.
“We are thrilled about this latest investment which will enable us to continue building out our platform so we can provide even better experiences for our customers,” said CEO Tomer Cohen in a statement announcing the news today.”Our mission is simple: To make it easier for everyone — regardless of technical ability —to tell powerful stories with their data.”
This latest round comes at a time when businesses are increasingly looking towards AI-driven solutions like those offered by Tome for help making sense of their ever-growing datasets. With this influx of capital now available, Tome is well positioned not only to meet these demands but also become one of the leading players in this space over time through continued innovation around storytelling capabilities powered by AI technology .
As organizations look towards leveraging advanced analytics techniques such as NLP & ML algorithms , they need reliable platforms like Tome’s that allow them access these capabilities without needing extensive technical knowledge or resources . By providing easy -to -use tools designed specifically for non-technical users , companies can gain valuable insights into their operations while simultaneously reducing costs associated with manual analysis processes .
In addition , Tome offers features such as automated storyboarding which allows users generate compelling narratives based on real world events or trends within their datasets . This feature helps companies communicate complex information more effectively while still maintaining accuracy throughout each step along the way . As businesses continue embracing digital transformation strategies , having access these types services becomes essential part staying competitive marketplaces where speed agility often determine who succeeds fails .
Overall , it’s clear why investors have chosen invest heavily into what Tome doing – they recognize potential impact could have industry if successful implementing vision becoming go -to provider storytelling solutions powered by AI technology . With newly acquired funds hand plus growing demand from enterprises seeking ways leverage advanced analytics techniques efficiently cost effectively , there no doubt future looks bright both organization itself customers alike who benefit from offerings provided hereon out !
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