Agolo is a New York-based startup that aims to help companies deal with information overload through artificial intelligence. The company recently announced that it has completed a $3.5 million joint venture funding from Microsoft Ventures and CRV, as well as Point72 Ventures and Franklin Templeton. The company said it will use new funds to expand the platform to adapt to asset managers and investment banks, and further change the way financial service analysts work.
Agolo was founded in 2012. The company's best-known product is abstract software, which helps users extract points from a large amount of information and help users handle excess information. The company’s previous beta version helps users extract the most relevant conversations and messages from Twitter. Early betas also showed the importance of extracting key information in a large amount of information and doing it is completely feasible. Today, Agolo was named "the most advanced summary abstract software in the world" and can automatically summarize news, documents and other information.
Using natural language, Agolo technology can analyze data content, identify different topics, and draw connections between them. The company said it has partnered with "the world's largest media company" to summarize news on Facebook via Amazon's Alexa Voice Assistant. In the future, Agolo plans to integrate the product into other platforms, such as Slack, and extend the format to chat, voice and video.
Agolo CEO Sage Wohns believes that "summary" is essentially an algorithm for content and reading. It is necessary for people to understand the world's information, and Agolo is filling this gap. Platform partnerships with investors help Agolo become an integral part of media companies. Agolo will also have broader applications in different areas, including the financial services industry. Chief Technology Officer Mohamed AlTantawy also stated that for people who rely on data-accuracy to make high-risk decisions, Agolo uses artificial intelligence to summarize summary information, greatly reducing time costs, and the end-user can obtain personalized market reports.
Algorithms and artificial intelligence increasingly penetrate the creative realm. Companies like Agolo also include Automated Insights, which use automation to analyze big data and turn it into more visual reports. Narrative Science focuses on using BI to automate the creation of revenue reports.
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