Quintype, a data driven and artificial intelligence based platform for assisting digital media publications has raised $3.25 million funding from the founder of Quintillion Media and founder and ex-CEO of Network 18 Raghav Bahl.
The new funds will be used for product development and expanding sales teams of the company in its offices at Bengaluru and California.
Quintype is a platform which solves the technology related needs of modern digital media publishing houses and can be viewed as a WordPress like service allowing you to create a new online magazine, or a news site or app, or any other high-velocity content property within minutes.
Founded in 2014 by Amit Rathore, Quintype offers itself as an end to end Software-as-a-service. It provides various features such as Advanced NLP based content suggestions, as you type, planner, calendar, chat, and scrapbook functions, cardification, collaboration and team workflow tools, advanced semantic analytics, personalization and recommendation systems, an advanced monetization engine, and several other modules.
In a nutshell, the basic aim of the company and platform is to reduce technology costs and at the same time to leverage big data and predictive analytics to increase revenue and profits of the publisher. On top of it, the service is free of cost until the publisher starts making money and company only shares a part of revenue.
The Quint, an online magazine by Raghav Bahl’s Quintillion media is already running on the platform since March 2015. Quintillion Media was founded in 2014 by Raghav Bahl who founded Network 18 and served as its CEO until Reliance Group acquired it last year. It is an all-digital, mobile-first media company and The Quint is the first product from the company claiming to be a Huffington-Post/BuzzFeed-like news site for India.