Particle's business model is still under development, with options including revenue sharing and advertising being considered. The company is inviting publishers and journalists to collaborate on the development of the model. The startup is currently hiring for key roles and its app is in private beta testing on iOS's Testflight, with plans to support the web and Android in the future.
Key takeaways:
- News reader startup Particle, built by former Twitter engineers, is partnering with publishers to develop a new business model for the AI era. The company has announced a partnership with Reuters and has raised $10.9 million in Series A funding led by Lightspeed Venture Partners.
- Particle's app uses AI to summarize news from a range of publishers, offering a multi-perspective view of a story. The company aims to deliver value to news consumers beyond just AI summaries, by analyzing all the different angles of a story using AI.
- The startup is still in the process of determining its business model and is inviting publishers and journalists to collaborate on its development. Potential models include revenue sharing and advertising.
- Particle's app is currently in private beta testing with a small group on iOS's Testflight, with plans to support the web and Android in the future.