AI startup Spiketrap secured $3 Million in Seed Funding

Spiketrap, a California based AI-powered consumer intelligence platform, has now secured $3 million in a seed funding round.

Spiketrap is founded by the Kieran Fitzpatrick. It provides an AI-powered platform that enables companies and brands to understand conversations at scale in a real-time scenario. The company helps customers in deriving insights faster and providing rich data for data-driven decision making.

The company comprises a team of more than 15 people from industry leaders which includes Logitech, Apple, Amazon, and AdColony.

Kieran Fitzpatrick, Co-Founder, and CEO, Spiketrap, "We built Spiketrap to help brands understand their audience at scale and in real-time through intuitive and compelling AI-powered data and visualizationsOur core technology understands language at scale, and is industry agnostic. We’ve looked to the conversations developing online in the gaming community first, giving us confidence knowing that if we truly understood this, we’d be able to provide insights for any brand that has a highly-engaged and vocal audience. "

Leo Polovets, Co-Founder and General Partner, Susa Ventures, said, "As an investor, I've never seen a product become indispensable for the top companies in an industry so quickly. What makes Spiketrap's product so special is its combination of advanced natural language processing techniques with a deep understanding of the entities and terms in each industry. This pairing results in useful, specific, actionable insights in which no other product comes close. Best of all, users don't have to write any complicated queries or learn advanced boolean algebra, as key insights are automatically surfaced. Spiketrap is already used by the Who's-Who of the gaming industry, and I'm excited about their expansion into other industries like movies and consumer goods."

Spiketrap's Latest Funding

The Susa Ventures led the latest funding round. Other participating investors include Pathbreaker Ventures, Harry Stebbings of 20VC, Anorak Ventures, SV Angel, and WndrCo.

The company, as of now, has plans to use the new funds to enhances its offerings to help customers make the right decisions based on audience conversations. The company also intends to expand beyond games into some other verticals such as streaming television, movies, and others, notes the announcement.

PC: Pablo, Pixabay