Deals

Funding Daily: Babel Street & Roojoom

Image Credit: Photo illustration by Eric Blattberg / VentureBeat

Fridays are typically pretty slow for funding announcements, but a pair of startups announced seed financing today. We have the deets on those two deals below.

Babel Street picks up $2M to serve as your international data interpreter

A startup called Babel Street has been helping federal government agencies and companies with social media alerts in more than 200 languages. Babel Street helps them pull mentions of key people, places, and things from social networks, media outlets, and other sources. Now the technology could find wider use as a result of $2 million in funding flowing to the startup. The money, which will go toward sales, marketing, and product development, comes from angel investors. A filing yesterday with the U.S. Securities and Exchange Commission disclosed part of the round. Read the full story on VentureBeat.

Roojoom closes $600K seed round for its guided tours across the web

Israeli startup Roojoom today announced the closing of a $600,000 seed round led by 2B Angels and other private investors. A graduate of Microsoft’s Israeli accelerator program, Roojoom enables people to create and curate guided tours across different pieces of content on the web. Learn more on Roojoom’s website.

More information:

Babel Street provides real-time situational awareness and intelligence on global topics of interest. Collect, analyze, monitor, and report on information from online and private electric sources. Babel Street is a virtual data interpre... read more »

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