Fake review detecting start-up Fakespot raises $1 million from SRI Capital, the investment firm set up by serial entrepreneur Sashi Reddi. The total seed round was pegged at $1.3 million. The New York-based firm is into sniffing out fake reviews on platforms like Amazon, TripAdvisor, Yelp, and the Apple App Store. . This is SRI Capital’s fifth investment through the recently launched a $100-million venture fund. “We plan to use the proceeds to improve our products and launch new fake review detection services,” Saoud Khalifah, founder and CEO, Fakespot said. “Our aim is to make online information trustworthy using technologies such as AI and advanced data analytics,” he added.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.