Do you remember what it was like to figure out what was going on in your city fifteen years ago? You probably called your friends. Less than 20% of U.S. households were online. People learned about local news and events from newspapers, TV and their friends. I remember a lot of nights that we were frustrated “nothing cool was going on.” Information was scarce, and people still paid for it.
Sociocast raised $1 million in funding from New York’s Raptor Ventures, bringing its total to nearly $6 million. As CEO and founder Albert Azout told Sean Ludwig at Venturebeat, the Prediction API is useful to advertising, social and gaming, retail, finance and government.