$1.5M in pre-seed money will help high-tech firm combine AI and journalism
Applied XL is a project of Newlab in the Brooklyn Navy Yard
Applied XL, a business-to-business information company that describes itself as “tracking the health of people, places and the planet,” has announced the acquisition of $1.5 million of pre-seed money from Tuesday Capital and a team of other investment companies.
The funding will help Applied XL continue to develop its AI-powered information center, which gathers data and generates reports that help professionals.
Its first project, slated to go online this summer, will tackle health-related issues such as clinical trials, pharmaceutical industry regulation and healthcare policy.