NewtonX, Inc.
From EverybodyWiki Bios & Wiki
| Private | |
| ISIN | 🆔 |
| Industry | Social networking service |
| Founded 📆 | 2016[1] |
| Founder 👔 | |
| Headquarters 🏙️ | , |
Area served 🗺️ | |
Key people | Germain Chastel, Sascha Eder, Anuja Ketan[3][4] |
| Members | |
Number of employees | |
| 🌐 Website | newtonx.com |
| 📇 Address | |
| 📞 telephone | |
NewtonX, Inc. is a company that finds business-to-business influencers to participate in market research.[5][6] It connects companies with consultants on fields such as "quantum computing to the oil industry, fashion, and titanium ore extraction."[7][8] NewtonX's platform operates by using artificial intelligence.[9]
History[edit]
Germain Chastel and Sascha Eder, both of whom are former consultants for McKinsey & Company, joined Anuja Ketan in founding NewtonX in 2016.[1][4][10]
In 2018, Third Prime Capital and Xfund led a $3 million USD funding round for NewtonX; this was followed by a $12 million USD Series A funding round led by Two Sigma for NewtonX.[2][11]
As of 2018, NewtonX, Inc. had a staff of twenty-five.[1] NewtonX, Inc.'s clients include Microsoft, 23&Me, and Gartner.[12]
Services[edit]
Clients complete a profile and then receive a connection request from a NewtonX employee.[13] Its platform uses artificial intelligence to assess the needs of a company before pairing them with a consultant.[14]
NewtonX, Inc.'s search engine utilizes three types of data, including third party data from the web, third party data composed of industry listings, and NewtonX internal data.[15]
References[edit]
- ↑ 1.0 1.1 1.2 Hall, Beverly (7 September 2018). "NewtonX raises $3 million for AI that connects executives with experts in any industry". The Entrepreneur Fund. Retrieved 19 July 2019.
New York-based NewtonX was based in 2016 and has two places of work overseas. Its group of 25 staff serves greater than 20 shoppers, together with “top management consulting firms,” “large technology companies,” and “leading financial institutions,” and the corporate stated it achieved “seven-digit” income this yr.
- ↑ 2.0 2.1 Crichton, Danny (18 June 2019). "Two Sigma leads $12m series A for expert knowledge network NewtonX". TechCrunch. Retrieved 19 July 2019.
That rapid-response network has now gotten the attention of Two Sigma Ventures, the venture wing of the high-flying algorithmic-trading hedge fund, which led a $12 million Series A round into New York City-based NewtonX. That’s a follow up to a $3 million seed round co-led by Third Prime Capital and Xfund last year.
- ↑ "Entrepreneurial Networking: 10 Approaches You Can Use". Forbes. 26 June 2018. Retrieved 19 July 2019.
Our company grew in its first year, with zero spend on marketing, to almost $1 million in annualized revenue. We were 100% committed to client satisfaction and prioritized it over fancy marketing campaigns. This led to free word-of-mouth and the growth of our client base. The other tip is to always "show" rather than “tell.” We always offered a free pilot first and convinced our clients through quality. - Sascha Eder, NewtonX, Inc.
- ↑ 4.0 4.1 Crichton, Danny (18 June 2019). "Two Sigma leads $12m series A for expert knowledge network NewtonX". TechCrunch. Retrieved 19 July 2019.
Germain Chastel and Sascha Eder know the problem well. Former McKinsey consultants, they worked with some of the top technology companies in the Valley attempting to answer their questions — but oftentimes struggled to do so given the unique problems that confront those organizations. “We realized it was really hard to find experts who could teach them something and had the insights that were relevant,” Chastel explained. In early 2017, the two left McKinsey and eventually joined forces with Anuja Ketan, and together the trio formed NewtonX.
- ↑ Schick, Shane (18 December 2018). "NewtonX offers AI-based service to source B2B influencers faster and better than expert networks". B2B News Network. Retrieved 19 July 2019.
- ↑ "Notice of Exempt Offering of Securities". United States Securities and Exchange Commission. 31 August 2017. Retrieved 27 July 2019.
- ↑ "The dawn of quantum computing". Verizon. 28 March 2019. Retrieved 19 July 2019.
“We are still multiple years away from commercial or enterprise quantum computing systems,” Germain Chastel says – but quantum is already of interest to many NewtonX clients who are either working on developing end-to-end quantum solutions or are interested in determining whether or not to invest in the technology. While quantum computing is still too complicated, expensive and uncertain for many companies to invest in, it’s not too early to start to learn and think about it. It’s not just leading tech giants developing the technology. Many universities are deeply invested in developing quantum computing solutions.
- ↑ Wiggers, Kyle (18 June 2019). "NewtonX raises $12 million to help companies find expert consultants". VentureBeat. Retrieved 19 July 2019.
NewtonX said it has provided insights into fields ranging from quantum computing to the oil industry, fashion, and titanium ore extraction.
- ↑ Wiggers, Kyle (6 September 2018). "NewtonX raises $3 million for AI that connects executives with experts in any industry". VentureBeat. Retrieved 19 July 2019.
Germain Chastel, a Harvard graduate and former associate partner at McKinsey & Company, experienced the frustration firsthand — and decided to do something about it. He’s the founder of NewtonX, an artificially intelligent (AI) “expert search engine” that connects executives to experts in virtually any industry and which today announced a $3 million funding round from XFund, Third Prime Capital, and select investors.
- ↑ Sitar, Dana (2 February 2019). "Expect Rapid Growth in 2019? Take These 7 Steps Now to Keep Your Employees Sane". Inc.
"It's very difficult to implement rigorous and effective training programs when you're continually hiring, building out paths to promotion programs and identifying the key skills that employees need to succeed," says Sascha Eder, COO and founder of the networking company NewtonX. It grew from six employees to 30 in 2018 and decided this year to redistribute work and give trainers a break.
- ↑ Wiggers, Kyle (18 June 2019). "NewtonX raises $12 million to help companies find expert consultants". VentureBeat. Retrieved 19 July 2019.
New York-based NewtonX, which is developing search solutions that connect companies with subject matter experts, today revealed it has secured $12 million in a series A funding round led by Two Sigma Ventures, with participation from Third Prime Capital and Xfund.
- ↑ Crichton, Danny (18 June 2019). "Two Sigma leads $12m series A for expert knowledge network NewtonX". TechCrunch. Retrieved 19 July 2019.
It counts Microsoft, 23&Me, and Gartner as public clients, and also has a list of 20 corporates already on the platform.
- ↑ Wiggers, Kyle (18 June 2019). "NewtonX raises $12 million to help companies find expert consultants". VentureBeat. Retrieved 19 July 2019.
From a client point of view, it’s as easy as creating a profile, filling out a form, and accepting a connection request from one of NewtonX’s experts.
- ↑ Fustich, Katie (18 June 2019). "NewtonX raises $12M to locate experts with AI". Built In NYC. Retrieved 19 July 2019.
- ↑ Bragg, Sanford (9 April 2019). "AI-Driven Expert Network Seeks to Disrupt Industry". Integrity Research Associates. Retrieved 19 July 2019.
As a search engine, NewtonX draws on three types of data: 1) third-party real time data obtained via the web; 2) asynchronous third-party data primarily consisting of purchased industry listings; and 3) internal data on experts collected by NewtonX.
External links[edit]
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