LinkedIn has today announced that they have acquired Newsle the new startup that was created to help users read what is important to them from their social network feeds.
Newsle was founded in January of 2011 and already has 2 million users and has had one simple goal : “to deliver important news about the people who matter to you.”
Newsle has created a very useful product that relies on natural language processing and machine learning algorithms to extract a users required information and most important updates from their social networks. LinkedIn explained over on their blog post today :
“Over the past year or so, we’ve introduced several new ways for you to further access this exchange of information to be better informed, educated and inspired by the business knowledge that exists on LinkedIn. For example, we’ve given you the ability to publish long form posts and add photos, videos and presentations to your profile; integrated LinkedIn and Pulse; and launched theInfluencer Program. But there’s more work to be done. That’s why I’m so excited to welcome Jonah Varon, Axel Hansen and the rest of Newsle to the LinkedIn family.
LinkedIn and Newsle share a common goal: We both want to provide professional insights that make you better at what you do. For example, knowing more about the people in your network – like when they’re mentioned in the news – can surface relevant insights that help you hit your next meeting with them out of the park.”
For more information on the new aquision by LinkedIn of Newsle jump over to the LinkedIn blog website for details. Newsle was started with $2.6 million in funding from investors including Transmedia Capital and Draper Fisher Jurveston.
Source: Tech Crunch