ACT-based startup WorldStack has raised $500,000 in seed round investment from angel investors to meet the demands of the global market for a better way to source and analyse data across the entire internet, including the deep web and dark web.
“This round of funding will be used to evolve WorldStack’s intelligence platform, Providence, and expand the team to bolster the software development, intelligence operations, product support and sales areas of the business,” explained Chief Operating Officer and co-founder, Eric Flis.
WorldStack is an Australian-based private intelligence and data analytics company specialising in open source intelligence. Its intelligence platform allows analysts to gather, fuse and analyse data from a broad range of sources including surface (social media, forums, news, blogs and websites), deep web and dark web to support decision-making.
The platform uses machine learning, natural language processing, computer vision, data visualisation and graph technologies to help analysts identify insights, trends and high value data quickly.
“From reliable attribution of crime and proactive identification of business and security risks, to intelligence-led recruitment and continuous security vetting of staff, the solutions we’ve developed will have huge, industry-changing effects,” said Dan Holman, CEO and co-founder of WorldStack.
“With this funding injection, we can concentrate on evolving our key platforms with strategic hiring that will see us improving our already industry-leading capabilities; 2019 is going to be a year to remember for WorldStack and our growing client base.”