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Academic/University
MOBILE & TELECOMMUNICATIONS
media.mit.edu

Investments

4

Portfolio Exits

46

Funds

1

Partners & Customers

10

About MIT Media Lab

MIT Media Lab goes beyond known boundaries and disciplines, encouraging the most unconventional mixing and matching of seemingly disparate research areas. It creates disruptive technologies that happen at the edges, pioneering such areas as wearable computing, tangible interfaces, and affective computing. Today, faculty members, research staff, and students at the Lab work in 24 research groups on more than 350 projects that range from digital approaches for treating neurological disorders, to a stackable, electric car for sustainable cities, to advanced imaging technologies that can "see around a corner." The Lab is committed to looking beyond the obvious to ask the questions not yet asked–questions whose answers could radically improve the way people live, learn, express themselves, work, and play.

Headquarters Location

77 Mass. Ave E14/E15

Cambridge, Massachusetts, 02139,

United States

617-253-5960

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Latest MIT Media Lab News

Luminoso Appoints Proven Leader Mark Zides as New CEO, Eyes Expansion in AI and Data Marketplace

Jun 7, 2023

News Provided By Share This Article Technology analytics company powered by NLU and AI hires Mark Zides as CEO and sets strategy to scale company through client growth and strategic partnerships Mark’s leadership experience & extensive business development skills will help Luminoso strengthen its channel partnerships, strategic alliances & expand its overall sales presence & brand recognition” — Jim Jordan, Board of Directors, Luminoso BOSTON, MASSACHUSETTS, UNITED STATES OF AMERICA, June 7, 2023/ EINPresswire.com / -- Luminoso Technologies, a natural language AI engine that allows companies to see their unstructured text in a new light and make impactful business decisions faster, more accurately and without bias, introduces new CEO, Mark Zides. This is only the start of what the company projects to be an imminent success across multiple industries and strategic partnerships. Founded out of the MIT Media Lab in 2010, Luminoso builds text analytics products for analyzing open-ended text data like survey responses, customer and employee feedback, support tickets, and reviews. Mark Zides has been a global leader with expertise in strategic advisory & professional services, client development & partnership channels, entrepreneurship, enterprise sales in SaaS and EdTech software for over 30 years. He was hired to set a new vision, scale and grow the existing business into new markets, business domains, and clients. Luminoso’s text analytics products, driven by QuickLearn, is a natural language understanding AI that helps businesses shed a brighter light on the growing mounds of unstructured text data. From product reviews, survey responses, social data, to support interactions, Luminoso delivers actionable insights in minutes, with no training or human bias. Mark Zides recognizes the prominence of AI in today’s world and feels strongly about Luminoso’s position in the market considering how long the company has been around. "I am both honored and humbled to step into the role of CEO and join forces with Luminoso, a visionary AI software company. Their cutting-edge capabilities in natural language processing and machine learning have already positioned them as industry leaders. Together, we will redefine the boundaries of what's possible, leveraging AI to create a brighter and more intelligent future for businesses worldwide. I am excited to contribute my expertise and leadership to this remarkable team as we embark on this transformative journey," Zides said. The global text analytics market is projected to grow to $9.4Bn by 2030. According to Zides, he feels confident that his unique ability to build a GTM strategy and execute toward driving revenue through new client acquisitions, and partnerships within the AI and Data marketplace will enable Luminoso to build upon its legacy and transform the industry. One of Luminoso’s board members, Jim Jordan, believes Mark is the right leader for Luminoso. “Mark has repeatedly shown his ability to build and scale organizations across a diverse set of industries. Mark’s leadership experience and extensive business development skills will help Luminoso strengthen its channel partnerships, strategic alliances and expand its overall sales presence and brand recognition. We are excited to see the continued progress over the coming quarters,” Jordan said. Luminoso has firmly established their presence in the world of AI and text analytics . Luminoso clients recognize how tedious, time-consuming, and frustrating sifting through text data can become. They leverage Luminoso’s solutions to genuinely comprehend the voice of their customers, employees, products, and the market to propel vital business strategies and decisions. Currently working with many Fortune 1000 companies, Luminoso’s revolutionary text analysis platform sheds light on their storyful data and transforms it into actionable insights in mere minutes. Clients like athenahealth, Hilton and Denso are not only seeing what respondents are saying, but how and why they are saying it; saving them time and money, allowing them to make more measurable changes. About Luminoso: Luminoso Technologies is an industry leader in Natural Language Understanding, born out of the prestigious MIT Media Lab. Our cloud-based platform for text analytics revolutionizes the way organizations uncover insights from unstructured data. With support for 15 languages, Luminoso preserves the nuance of stories as communicated by customers, employees, and industry voices. Powered by advanced machine learning and our Digestive AI engine, our platform goes beyond surface-level understanding. It uncovers hidden patterns, sentiments, and biases, empowering organizations to make data-driven decisions with confidence. Trusted by Fortune 5000 companies and emerging businesses, we nurture human connections that drive critical business strategies. Discover the power of Luminoso and unlock the potential within your textual data. Visit Luminoso.com for more information. © 2023 Luminoso Technologies, Inc. All rights reserved. LuminosoTM, the Luminoso logo, and the names and marks associated with Luminoso’s products are trademarks of Luminoso. All other trademarks are the property of their respective owners. Prathik N Sunku

MIT Media Lab Investments

4 Investments

MIT Media Lab has made 4 investments. Their latest investment was in SendFriend as part of their Seed VC - II on February 2, 2019.

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MIT Media Lab Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/11/2019

Seed VC - II

SendFriend

$1.48M

Yes

3

11/10/2011

Convertible Note

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$99M

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0

8/4/2011

Series A - II

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$99M

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0

7/15/2005

Private Equity

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10

Date

2/11/2019

11/10/2011

8/4/2011

7/15/2005

Round

Seed VC - II

Convertible Note

Series A - II

Private Equity

Company

SendFriend

Subscribe to see more

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Amount

$1.48M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

0

0

10

MIT Media Lab Portfolio Exits

46 Portfolio Exits

MIT Media Lab has 46 portfolio exits. Their latest portfolio exit was Optimus Ride on January 11, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/11/2022

Acq - Talent

Optimus Ride

$99M

2

12/6/2021

Reverse Merger

Buzzfeed

$99M

17

5/25/2021

Acquired

Affectiva

$99M

16

1/1/2021

Spinoff / Spinout

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$99M

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0

9/1/2020

Spinoff / Spinout

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$99M

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10

Date

1/11/2022

12/6/2021

5/25/2021

1/1/2021

9/1/2020

Exit

Acq - Talent

Reverse Merger

Acquired

Spinoff / Spinout

Spinoff / Spinout

Companies

Optimus Ride
Buzzfeed
Affectiva

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

17

16

0

10

MIT Media Lab Fund History

1 Fund History

MIT Media Lab has 1 fund, including Bitcoin Developer Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/28/2016

Bitcoin Developer Fund

$0.9M

2

Closing Date

3/28/2016

Fund

Bitcoin Developer Fund

Fund Type

Status

Amount

$0.9M

Sources

2

MIT Media Lab Partners & Customers

10 Partners and customers

MIT Media Lab has 10 strategic partners and customers. MIT Media Lab recently partnered with Bank of Canada on March 3, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

3/18/2022

Partner

Canada

2

1/1/2020

Partner

Sweden

Cardo Health expands to Mexico with MIT Media Lab social impact spinoff - Cardo Health

Cardo Health is partnering with MIT Media Lab social impact spinoff , Prosperia , to bring digital healthcare to Mexico .

1

7/16/2018

Partner

United States

Follow us on RSS follow us on Twitter Follow us on Twitter follow us on Facebook follow us on LinkedIn Follow us on Facebook Follow us on LinkedIn IBM researchers train AI to follow code of ethics

This might be part of the questions that the IBM Research research team explores as it continues its collaboration with MIT Media Lab in a broader project focused on engineering moral reasoning .

1

4/2/2018

Partner

United States

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10

9/7/2017

Partner

United States

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10

Date

3/18/2022

1/1/2020

7/16/2018

4/2/2018

9/7/2017

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Canada

Sweden

United States

United States

United States

News Snippet

Cardo Health expands to Mexico with MIT Media Lab social impact spinoff - Cardo Health

Cardo Health is partnering with MIT Media Lab social impact spinoff , Prosperia , to bring digital healthcare to Mexico .

Follow us on RSS follow us on Twitter Follow us on Twitter follow us on Facebook follow us on LinkedIn Follow us on Facebook Follow us on LinkedIn IBM researchers train AI to follow code of ethics

This might be part of the questions that the IBM Research research team explores as it continues its collaboration with MIT Media Lab in a broader project focused on engineering moral reasoning .

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Sources

2

1

1

10

10

MIT Media Lab Team

6 Team Members

MIT Media Lab has 6 team members, including , .

Name

Work History

Title

Status

Swati Chaturvedi

Temasek, and Capgemini

Founder

Current

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Name

Swati Chaturvedi

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Work History

Temasek, and Capgemini

Title

Founder

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Status

Current

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