Delvv Raises $3.5 Million To Tackle Smartphone Information Overload With Machine Learning Technology
Company to Use Funding to Fuel Growth, Infrastructure and Product Development
PALO ALTO, Calif., May 7, 2015 /PRNewswire/ -- Delvv, a developer of mobile intelligence apps, today announced it has raised $3.5 million in seed funding. Founded in 2013, the company applies machine learning and predictive analysis to tackle information overload on mobile devices. Delvv will use the funds to continue growth of its content discovery app, Glean (formerly Delvv Newsreader), while also launching new products focused on rebuilding the smartphone user experience around personalization and filtering technology.
According to Nielsen research, U.S. adults spend nearly two full days per month using apps on smartphones. That's roughly 2,880 minutes a month, 720 minutes a week, and 103 minutes a day. With the dramatic increase in app usage and inundation of mobile-centric information via social channels, entertainment, sports, news and gaming apps, mobile companies are realizing that consumers are drowning in content that is often irrelevant. Recognizing the severity of the problem, Delvv is committed to developing next generation products that deliver a curated experience of the most relevant information and apps to mobile users.
"The expanding number of apps, social media feeds and push notifications have created a firehose of information coming at mobile users every day, vying for their focus and attention. Frequent interruptions with often irrelevant information have habituated users to constantly glancing at their phones, afraid of missing some critical piece of data or communication," said Felice Miller Gabriel, Delvv's President and Founder. "Delvv's machine learning technology reduces this flow of information to manageable proportions, enabling users to focus on what's most important to them. With this funding, we can bring more products to market that help conquer information overload, and position ourselves as a leader in the growing mobile intelligence app space."
Glean is available on the App Store and Google Play.
ABOUT DELVV
Delvv is building the next generation of mobile apps to tackle the problem of information overload. Palo Alto-based Delvv was founded in 2013 by founder and former Chief Scientist of Reputation.com, Raefer Gabriel, and consumer products executive Felice Miller Gabriel. More information is available at www.delvv.com.
Media Contact
Barokas PR for Delvv
Rachel Fukaya, 206-264-8220
[email protected]
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SOURCE Delvv
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