NewtonX is a machine-driven expert network started in 2016. NewtonX initially focused on automating regular expert network services. However, it soon pivoted to survey data collection from professionals and consumers. This focus has paid off – with $15 million of fresh venture capital, the firm looks set to take a piece of the expert network survey business.
The company was co-founded by two former McKinsey consultants and two CTOs, one of which is still with the company. Because of the technical core product, NewtonX employs more engineers/ developers than typical expert networks.
$3m first round funding raised in 2018.
$12m second round funding raised in 2019.
NewtonX is one of the handful of firms outright stating they use AI in their work. Other such “machine-driven expert networks” include Xperiti, ENG llc, CleverX, Prosapient and Atheneum (after its acquisition of Chime Advisors). We identified NewtonX as a regional challenger in our review of the 2019 expert network market size.
Learn more about machine-driven expert networks in our AI deepdive: AI and expert networks.