Codebase Ventures Inc (CSE:CODE) (OTCQB:BKLLF) told investors Thursday that its media technology subsidiary Pressland, which is aimed at fighting fake news, was preparing for an alpha launch of its cloud-based platform.
Brooklyn-based Pressland has now indexed and analyzed over 10 million articles, 2 million keywords and 200,000 writers, Codebase said in a statement.
READ: Codebase Ventures’ Pressland partners with All Tech Is Human to improve media trust, transparency
Pressland's platform uses proprietary software which, with machine learning, artificial intelligence (AI) and natural language, collects and analyzes the news media’s production data.
The data is then offered as a SaaS (Software as a Service) product to social networks, search engines and news distributors in a bid to fight fake news and misinformation.
"Silicon Valley is famous for its ‘move fast and break things’ approach to engineering,” said Pressland’s founder and CEO Jeff Koyen, who is also Codebase's chief strategy officer.
"At Pressland, we’d rather get it right the first time. That’s just what our CTO, Nicholas Zaillian, has done. Crossing the 10 million mark is a testament to our deep bench of talent as we engage key decision-makers in the news and technology sectors.”
Plans for market launch next year
Brian Keane, Codebase director, added: "Jeff promised to deliver Pressland’s private alpha version in the fourth quarter of 2019. Based on today’s news, we’re confident that he and his team will meet this very aggressive deadline. We look forward to bringing Pressland to market in 2020.”
Koyen is an award-winning journalist and veteran media executive. He has worked for Dow Jones, Wired, The New York Times, Crain’s New York and many other news organizations.
Pressland's partners include the Independent Media Institute; online writing community Study Hall; ethical tech pioneers All Tech Is Human, and geolocative photo-sharing app, Membit.
Contact the author at giles@proactiveinvestors.com