Weather app Poncho raises million to build its AI and data science tech

Fresh off its promotion at Facebook’s F8 developer conference, Poncho announced today that it has raised $2 million for its personalized weather forecasting service. The round was led by Lerer Hippeau Ventures and will be earmarked for improvements to Poncho’s natural language processing, in addition to building artificial intelligence and data science technology into its bots and apps. Participating investors include Greycroft Partners, Comcast Ventures LP, Venture51 Capital Partners, RRE Ventures, Betaworks, Broadway Video Ventures, Ore Ventures, and several angel investors. Started two years ago out of Betaworks, Poncho offers a weather forecast alternative to Yahoo Weather, AccuWeather, and The Weather Channel. The company seeks to dominate what CEO Sam Mandel calls “thin content,” which is activity that “takes place within the notification layer and also on a messaging platform…


Link to Full Article: Weather app Poncho raises million to build its AI and data science tech