NewsiT is a crowdsourced news platform that breaks stories into manageable tasks and assigns multiple members to each task rather than expecting users to produce full reports. Members earn points and badges for contributing and reading, and an editorial team combines contributions into polished articles. The company is launching an iPhone app to enable mobile news gathering and created SXSW-specific tasks tied to the app launch. NewsiT is developing algorithms to find patterns in user submissions and to flag potentially inaccurate answers or scoops. Founder Melinda Wittstock, a longtime journalist, leads the company and is exploring licensing the technology to other organizations. Financially, the company announced a $500,000 seed funding round to support these product and growth initiatives.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2012