Yahoo Acquires News Aggregator Startup Summly

nick-d'aloisio
Today Yahoo announced the acquisition of mobile news aggregator startup Summly – which is just the latest in a long line of mobile product talent accumulated by the company.

Summly was created by London-based Nick D’Aloisio at the end of 2011, when he was just 15-years-old! It is an iPhone app that allows users to quickly find news about subjects that interest them. It aggregates and displays snapshots of articles from a range of different news sources, using artificial intelligence and natural language processing to make the selection. Summly users also have the option of separating news article snapshots into customizable categories.

To launch the app, the teenage entrepreneur raised $300,000 of funding in seed round from Li Ka-shing and Horizons Ventures. A second round of funding raised a further $1.23 million and contributors included numerous high profile figures and well-known names including Zynga co-founder Mark Pincus, Ashton Kutcher and Yoko Ono.

D’Aloisio says that since the app was launched in November of 2012, more than 90 million summaries have been read using it.

In the next few weeks, the Summly team will be joining up with Yahoo and the app will cease operation soon. Adam Cahan Yahoo’s senior vice president of mobile and emerging products said however that it would soon “come to life” through Yahoo’s mobile products.

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About Sheniz Raif

I am, and think I have always been, a writer. I’ve been scribbling stories since I was old enough to hold a pen and thoroughly enjoy using my words to make people laugh or inspire them. I love going to gigs and am a professional groupie for a couple of awesome bands. I am an avid fan of socializing, football, film, and refusing to grow up! I’m also a proud member of the BODO UK team!