SmartNews Inc. has raised $230 million in its latest funding round, valuing the news-discovery app at roughly $2 billion and setting the stage for a potential listing of its shares. (WSJ)
Founded in 2012 in Japan, the company launched to the U.S. in 2014 and expanded its local news footprint early last year. While the app’s content team includes former journalists, machine learning is used to pick which articles are shown to readers to personalize their experience. (TechCrunch)
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