Toronto, ON, January 21, 2014 – Sciencescape is pleased to announce the closing of $2.5M of its $3M oversubscribed round from a participation of investors led by iGan Partners and including BDC Venture Capital and other angel investors.Sciencescape graduated from Extreme Startups in June and since then has completed a successful private beta release and is in the process of fully launching the platform to researchers in academia, government and industry. The financing will be used for developing the platform further, and sales and marketing initiatives.
Sciencescape is a disruptive platform that is changing the way scientific research is discovered and shared. With 23 million historical papers and over 4000 being published each day, the current medical and scientific research system is incredibly outdated. Sciencescape has organized all historical and recent papers in to build the “plumbing” of research through the web and mobile. Its advanced machine learning and NLP algorithms are constructing a vast research knowledge graph composed of people, groups, places as well as natural entities, processes and concepts to deliver personalized, accurate streams of peer reviewed research to scientists in real time, to solve the problem of publication overload researchers face today. Sciencescape’s mission is to organize and delivery all of the world’s research.
“The web was invented to automatically push new research findings to scientists who need to know about them, and accelerate the process of discovery. However, more than 20 years later, that potential has yet to be fulfilled. At Sciencescape we have inherited that vision and are building the essential technologies for personalized delivery of new research via the web and mobile. This funding allows us to bring Sciencescape’s platform to the public and millions of researchers around the world. We are thrilled to be working with such a talented group of investors.” said Sam Molyneux, CEO of Sciencescape
“Sciencescape has developed really strong technology and we are very excited about the company’s future. There is a real need for this product in the market today and we are confident in Sam Molyneux and his team’s ability to revolutionize the industry“, said Sam Ifergan, President of iGan Partners.
About Sciencescape Inc.
Sciencescape is a revolutionary platform that is radically changing the way researchers connect with the latest and most important publications, people, places and products relevant to their field. With an initial focus on the biomedical field, the sophisticated technology will allow Sciencescape to exploit various other markets. For more information, please visit www.sciencescape.org.