Consensus, a Boston, MA-based provider of an AI-powered search engine dedicated to scientific research, has raised $11.5 million in Series A funding.
Investors
The funding round was led by Union Square Ventures, with participation from Nat Friedman and Daniel Gross, and existing seed investors Draper Associates, Kevin Carter, Path Ventures, and Alumni Ventures.
Union Square Ventures is a venture capital firm focusing on early-stage, growth-capital, late-stage, and startup financing. The firm was founded in 2003 and is based in New York, New York.
Consensus Use of Funds
The company will use the funding to expand its team, accelerate product development, and explore new growth opportunities.
About Consensus
Founded in 2021 by Eric Olson and Christian Salem, Consensus is building an AI-powered search engine designed specifically for scientific research papers. It aims to make accessing and understanding scientific literature easier and more efficient for researchers, academics, and the general public. Consensus serves a diverse user base, including professionals from academia, healthcare, biosciences, finance, and journalism, as well as everyday consumers seeking reliable scientific information.
Funding Details
Company: Consensus NLP, Inc.
Raised: $11.5M
Round: Series A
Funding Date: August 2024
Lead Investor: Union Square Ventures
Additional Investors: Nat Friedman, Daniel Gross, Draper Associates, Kevin Carter, Path Ventures, Alumni Ventures
Company Website: https://consensus.app/
Software Category: AI Search Engine
Source: https://www.prweb.com/releases/consensus-raises-11-5-million-in-series-a-funding-to-make-the-worlds-scientific-research-discoverable-and-consumable-302222612.html