Cambridge-based firm Kensho closes $10M seed round for AI research assistant
Cambridge-based firm Kensho announced on Wednesday that it has secured $10 million in a seed round. The new capital will be used for its intelligent market research assistant called Warren, according to Boston Business Journal.
Kensho will use the new funding for the company's expansion. Google Ventures, Cambridge's General Catalyst Partners, and Maryland's New Enterprise Associates, contributed to the seed financing, the report detailed.
Warren, a cloud-based technology created by seasoned Apple Inc and Google Inc software engineers, is able to answer 1 million complex financial queries formulated in the natural language. Kensho designed the technology to cut the conventional investment research duration from days to just minutes. By the end of 2014, the company said they will upgrade Warren to enable it to answer 100 million questions, the report explained.
Founded in 2013 out of Stanford University, MIT, and Harvard University, Kensho currently employs 20 workers in its team. The company is presently based in Cambridge, wrote Boston Business Journal.