CRUX, the London-headquartered startup that has developed one of the world’s first Knowledge Quantification platforms, has announced an approx. €1.1 million seed investment round led by WENVEST Capital, the B2B SaaS venture capital firm, and includes A-Round Capital and Founders Factory.
With an overwhelming volume of information on both publisher and corporate platforms, CRUX’s groundbreaking deep tech supports digital media companies, financial services firms and management consultancies in helping users become more informed and more engaged. CRUX creates unique knowledge journeys around any topic, by measuring users’ knowledge build-up in real time, and directing users to the most valuable content for them.
Founded in 2018, CRUX uses advanced Natural Language Processing and unique proprietary algorithms to calculate and display for each user a live knowledge score measuring the share of available relevant information the user has covered. Employed as a widget or API, CRUX enables companies and publishers to optimise engagement, learning and research. Live deployments over the last two years have shown users dramatically increase their engagement and their knowledge when exposed to CRUX technology.
CRUX will leverage the current investment to scale-out its publisher product offering, further develop CRUX’s algorithm and engage with corporate design partners around new knowledge quantification use cases.
Barak Ronen, CRUX’s CEO and co-founder said: “Information overload is everywhere, and it is making users disengage. Our unique technology empowers users by telling them how much they already know about any given topic and how to best increase their knowledge. Empowered users engage more and achieve better results. By objectively quantifying knowledge we are creating the currency for a true future knowledge economy.”.
Bernd Wendeln, Managing Partner of WENVEST Capital said: “The technology created by CRUX is a leap forward in terms of how we synthesize information. We see multiple exciting applications across large knowledge-rich markets starting with consulting, finance and publishing. CRUX has a great core team combining deep tech expertise and serious user and content insight and business experience. It is the right team to tackle the universal problem of information overload”.
CRUX is based in London and Tel Aviv and is a participant in the Founders Factory accelerator programme.