Priceless, Inc. successfully completed its $500,000 equity offering which started this month. The non-brokered private placement was subscribed by two investors. This is the first time Priceless is raising money on the private placement market.
The stealthy nature of the company prevents us from knowing exactly what it will offer. However, knowing it was founded by mathematicians Jean-Baptiste Michel and Erez Aiden Lieberman allows us to ascertain it is related to culturomics, i.e. the application of massive scale data collection and analysis to the study of human culture and trends. The duo is behind the computational tool that inspired Google Labs’ NGram Viewer. NGram pulls from a database of 500 billion words and ideas coming from 5 million books spanning many centuries.
Jean-Baptiste Michel (President) leads the Brooklyn NY based company which was registered in 2011. Priceless, Inc. elected not to disclose its revenues.
The executive team includes Jean-Baptiste Michel, Alexandre Carel and Erez Aiden Lieberman.
Status: Completed/Final close
Industry: Other Technology
Amount offered: $500,000
Amount placed: $500,000