Industryweek 8717 Tech Background
Industryweek 8717 Tech Background
Industryweek 8717 Tech Background
Industryweek 8717 Tech Background
Industryweek 8717 Tech Background

Social Media Tracker Banjo Gets $100 Million Funding

May 7, 2015
Japan's SoftBank leads investment in startup that links real-time data streams from around the world.

Banjo, a tech startup that searches for trends and breaking news events on social media, announced Thursday it raised $100 million in a funding round led by Japan's SoftBank.

"We are building a crystal ball -- a way to see and know virtually everything happening across the globe the moment it happens," the company said in a statement announcing the latest funding, which also includes a venture capital firm.

Banjo scours social media feeds around the world to help organize information around events as they happen, from live concerts to earthquakes and other natural disasters.

The new funding will fuel an expansion to help people "know and understand everything, about any location, at any time, creating value for everyone, from individuals to corporations to continents," the company said.

"We are working on connecting the world's disparate real-time data streams and harnessing them into one unified source of unmatched insights. The results are profound: faster emergency response, safer driving conditions, smarter marketing decisions, more efficient use of energy and much more."

Nikesh Arora, vice chairman at the Japanese telecom and tech giant SoftBank, said in the statement: "Banjo is in an interesting space, bringing together the ideas of big data, social, local, mobile and trying to derive value from that combination for both consumers and businesses. I am excited by what I have seen so far, and think this has the potential to be very interesting, and big."

Copyright Agence France-Presse, 2015

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!