Accern lands $20M for AI that analyzes financial documents on the web

Accern, which uses AI to analyze online conversations around particular companies, trends, and industries, today announced that it raised $20 million in a Series B round led by Mighty Capital alongside Tribe Capital, Shasta Ventures, Gaingels and Fusion Fund and others. CEO Kumesh Aroomoogan says that the new capital will be put toward “product-led growth,” expansion into new markets, and R&D on Accern’s AI technologies.
“More than 80% of the world’s data is unstructured. Unstructured data requires a hyper-manual process to structure data at scale, consuming e

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