SmartNews, a leading global news discovery company dedicated to delivering quality information, has secured $28 million in funding to accelerate its rapid growth in the U.S. Led by Japan Post Capital Co., Ltd., the Series E round brings the company’s total funding to $116 million to date, and doubles its previous valuation to $1.1 billion.

Founded in 2012 by Kaisei Hamamoto and Ken Suzuki, the Tokyo Japan-based SmartNews is a machine learning-powered news discovery app. SmartNews won numerous “App of the Year” awards in Japan and is consistently ranked as a top 5 News App for Android and iOS in the US. The app works with around 390 USA publishers to offer each of its 20 million or so active users a custom news feed from various sources. It has 200 employees, most of whom focus on software development.

The company has raised $116 million in venture funding, achieved a $1.1 billion valuation, and has employees and offices in Tokyo, San Francisco, Palo Alto, Shanghai, New York, and Fukuoka. The latest funding round will be used to further drive growth in the U.S. and worldwide by continuing to build out the company’s global engineering team.

Ken Suzuki, Co-Founder and CEO of SmartNews said, “We are very pleased with our strong progress in the United States. We will continue to share our vision of informed, balanced media consumption with our current and future users in the U.S. and all over the world.”

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