Toronto’s Meta announced today that they have raised a $6 million financing round led by Rho Canada Ventures and including Western Technology Investment and iGan Partners.
Meta (formerly ScienceScape) is a machine intelligence and big-data-as-a-service company for researchers and scientific industries and was a finalist for Techvibes 2014 Accelerator Graduate of the Year Award.
Meta recently launched its AI-powered science information platform, an end-to-end service that enables researchers and scientific industries to navigate the entirety of scientific information (25 million papers with 4,000 new ones published daily) and instantly identify key insights that would normally take days or even weeks to find.
The platform currently offers 20 machine intelligent services for four core scientific industries – publishing, life science tools and reagents companies, academia and government agencies.
“Meta has built a powerful platform that allows scientific researchers, publishers and companies to navigate the universe of scientific information in ways that were never before possible,” said Roger Chabra, partner at Rho Canada Ventures.
“Meta has essentially created a disruptive, Watson-like solution that allows researchers to be fully informed of past and breaking developments in their field, publishers to streamline their operational processes and life science companies to access unprecedented sales and marketing information. We are very pleased that Sam & Amy Molyneux and the Meta team chose us to lead their latest funding round.”
The additional funding will allow Meta to continue investing in its core AI technologies, roll out additional updates to its literature discovery engine, and accelerate growth across the platform. The company also plans to add key hires to its sales, engineering, and data science teams.