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Industry News Colleen Bataille Industry News Colleen Bataille

FINTECH GLOBAL: Redactable raises $5.5 Million in Seed Funding for AI Redaction Platform

🎉 Wocstar portfolio company, Redactable®, on securing $5.5 million in seed funding! With support from Wocstar Fund and other notable investors, Redactable is revolutionizing document security through its AI-driven platform.

👏 Redactable's innovative solution, led by CEO Amanda Levay, uses Natural Language Processing and Machine Learning to swiftly and permanently redact sensitive information in documents.

📣 "We're not just investing in innovative tech solutions; we're backing bold and exciting entrepreneurs like Redactable's CEO Amanda Levay," said Gayle Jennings O'Byrne, Co-Founder and General Partner at Wocstar Fund. "She and her team are reimagining how companies scale, succeed, and bring new products to market. They represent the future we all need and deserve."

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Industry News Colleen Bataille Industry News Colleen Bataille

NEW YORK TIMES: Are Community’s Text Messages the New Social Media?

Community, which was first marketed as a way for celebrities to text their fans, now has big brands on board.

That’s why so many of us are moving our most important communications to text messages. And in the process, the “text inbox” has become the new holy space for brands, far more intimate than your social media feed.

At least, that’s the bet that Ashton Kutcher, the actor turned venture capitalist, and Guy Oseary, Bono’s and Madonna’s manager turned investor, made when they co-founded a text message company called Community in 2019. In the beginning, it was marketed to celebrities to communicate with their fans about tour dates and new projects.

But over the last year, the business has quietly grown to power text messages from some of the largest brands, like McDonald’s, HBO, the New York Yankees and Condé Nast. When this month’s Hollywood blockbuster, “The Super Mario Bros. Movie,” launched an advertising campaign, it came with a phone number for viewers to text, powered by Community.

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