Techvibes has been covering Summify since it pivoted into a Social News Reader and rasied a seed round from Boris Wertz of W Media Ventures in August 2010.
In today's press release Summify describes itself as newly funded and now includes Accel Partners, Rob Glaser (RealNetworks), Stewart Butterfield (Flickr, Tiny Speck), Steve Olechowski (Google, FeedBurner), Michael Edwards (Sosido Networks), Brent Holliday (Capital West Partners) and Jim Fletcher (Chrysalix) on its list of investors.
For those new to Summify, the service essentially analyzes and filters your social web so you can read less but get more out of it.
Summify distills the social web, boiling down the torrent of daily information from Facebook, Twitter and Google Reader into a summary of the top five or ten most important and relevant stories that day. An easily consumable summary arrives in email or on the web, with mobile coming soon.
Summify is based on a highly refined algorithm that analyzes, among other things, what people you interact with most, what stories your friends are sharing most, and global reaction in social media to important stories worldwide.
Summify co-founders Mircea Paşoi and Cristian Strat hail from Romania and have resumes that include internships at Google and Microsoft. Instead of taking on jobs at Google and Facebook, the young programmers opted for entrepreneurship and relocated to Vancouver to be part of Bootup Labs last cohort (originally named ReadFu).
Techvibes included Paşoi and Strat on our Digital Media People to Watch in BC list for 2011.
Disclosure: W Media Ventures is also an investor in Techvibes Media Inc.