Banjo Raises $100 Million to Detect World Events in Real Time

Posted Thursday, May 7, 2015 9:47 am

by: Douglas MacMillan | WSJ

Banjo started four years ago as a simple app for viewing social-media posts tagged to a location or a popular event, like a Beyoncé concert. With $100 million in new funding, the company aims to build something much bigger.

SoftBank 9984.TO -3.36% has invested that amount in Banjo to help the startup build software that can detect earthquake-damaged buildings in Nepal, drive-thru patterns at McDonald’s MCD +0.73% restaurants, gas-line explosions in Saudi Arabia, and dozens of other events all over the world in real time, using photos and videos uploaded to social media sites.

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Banjo Raises $100 Million to Detect World Events in Real Time

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