Data

A Cambridge, Mass.-based startup called Kensho has raised a $10 million seed round from a group of investors that includes General Catalyst, NEA, Accel Partners and Google Ventures. The company’s product, called Warren (as in Warren Buffett, I presume), is a natural-language search engine for data on financial markets. You (assuming you’re a banker or very sophisticated day trader) type in a question — an example from the company’s website is “Which aerospace companies rally following major breakthroughs in drone technology?” — and it returns results in the form of data. It looks like a smart product from a smart team, especially if the UI and visualizations are as good as the algorithms.

When France’s privacy regulator fined Google €150,000 ($204,000) over its unified privacy policy, it was the biggest fine the national watchdog could muster. According to EU justice chief Viviane Reding, however, it was “pocket money” that would be vastly outweighed by the amount Google could be fined under upcoming EU-wide data protection legislation. “Europe needs to get serious,” she said in a speech, noting that the new law would allow fines of up to 2 percent of global turnover — $1 billion in Google’s case – and maybe actually lead the targets to change their ways. Guess she’s still mad at Google’s global privacy counsel calling the first, much-lobbied draft of her legislation “dead”.

1232425262786page 25 of 86