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The Washington, DC startup, FiscalNote is using big data and machine learning to predict the outcome of proposed legislation and the affect it will have on an industry. The company raised a $10m Series C, led by Visionnaire Ventures and Green Visor Capital.
“Think of Washington and the influence peddling and information peddling that’s gone on for 300 years. For folks who are aggregating info, and understand affect law on business—computers do that very well,” Hwang told Fortune in a recent interview. He should know. At the age of 16, Hwang used his data talents to help President Obama win the Iowa caucuses, and then to get elected himself to a county government position in Maryland. In 2013, he launched FiscalNote and has since raised money from big-name investors like Dallas Mavericks owner Mark Cuban and Yahoo founder Jerry Yang. Today, FiscalNote is proving especially popular with the health care sector and, fittingly, the tech industry where companies like Uber, Lyft, and Coinbase (a bitcoin startup) use it.
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