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Scan & Target (www.scanandtarget.com), a service as a software company (SaaS) that provides real-time analysis and filtering of text user generated content, announced that it has secured a €1 million first round of funding from Crédit Agricole Private Equity and Scientipôle Capital.
The proceeds will be used to expand the team, further develop the core technology, and to speed international development in Europe.
Scan & Target's multi-platform solutions include internet, mobile, and interactive television and can handle very large volumes of several hundred objects per second. For example, Scan & Target solutions allow clients who provide chat or SMS information services to moderate the exchanges between users and route questions to agents with the right skills set. Messages are analyzed in real time by Scan & Target, which applies customer-generated rules to decide how to treat the incoming content.
Scan & Target can also monitor user-generated content to determine whether chat messages are published or refused, and provides interfaces for the moderating team to review all messages posted by users and penalize potential fraudsters by means of warnings, suspension, or complete prohibition. Scan & Target also proposes real time contextual advertising solution while respecting users' personal data.
Scan & Target solutions are aimed at publishers of community and social networks, moderation service providers, and providers of technical solutions for Web 2.0, such as forums, blogs, chat and social buying. Scan & Target's solutions also have practical application in professional services, such as CRM and contact centers.
Current clients include the French national railway system, the SNCF, the information service 118 218 and the Française des Jeux (the French National Lottery). Soon, Scan & Target will be able to operate in languages beyond those using Latin letters, adding Arabic, Cyrillic and Asian characters.
Bastien Hillen, co-founder and CEO of Scan & Target: "We are delighted to welcome two new investors - Crédit Agricole Private Equity and Scientipôle Capital - that share our industrial vision and international ambition."
Marc Devillard, Investment Director at Crédit Agricole Private Equity: "Scan & Target is introducing an innovative and much-needed service in a fast-growing niche area, i.e. real-time analysis of text content. The team's success in launching an effective service in the space of a few months demonstrates its strong combination of skills. We are also attracted by the company's SaaS model."