Tallahassee, FL, August 10, 2015 – NewSci, LLC, a leading provider of Insight-as-a-Service to the education, healthcare, and social sectors, announced today the successful close of its seed round totaling $500,000 led by members of the Florida Angel Nexus in Tallahassee and Orlando. The company will use the funds to build its sales team and to expand its work with IBM Watson™ cognitive applications.
NewSci, a Findability Sciences Group Company, provides an intelligent platform combining Big Data and Cognitive Computing technology. Since its founding in late 2013, NewSci has worked with major universities, healthcare systems and non-profits including Lehigh University, Mercy Health and United Way agencies across the country.
“As organizations seek to adopt an insight-driven culture, NewSci’s Findability Platform™ provides the technology and domain expertise to support it,” said David Lawson, Co-Founder & CEO of NewSci. “Education, healthcare, and nonprofit organizations need Big Data and cognitive computing to pull together the enormous sets of data created by the many relationships they rely on and to transform that data into actionable insights.”
NewSci is the first startup company to receive funding from members of the Tallahassee chapter of the Florida Angel Nexus, a statewide network of angel investors seeking to invest in high-growth ventures.
“NewSci was clearly a great investment opportunity due to its seasoned management team and large market opportunity,” said Nexus member Matt Johnson. Johnson went on to say that NewSci’s successful seed round is indicative of the changing investor culture in and around Tallahassee. “This is a milestone moment for startups and angel investors in the Tallahassee community,” Johnson said. “Already we are seeing more local startups attracting local investment, which is critical to the long-term growth and vitality of the economy.”