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FiscalNote Raises $1.2 Million, Plans Move to Bethesda

FiscalNote, developer of a platform designed to quickly make sense of unstructured state and local government legislation, has raised $1.2 million in seed funding and plans to relocate from Silicon Valley to Bethesda, according to published reports. Investors included Chevy Chase-based New Enterprise Associates (NEA), Dallas Mavericks owner Mark Cuban and First Round Capital, according to TechCrunch. The Washington Business Journal said the company plans to complete its move to the area within the next two weeks. FiscalNote was founded in March by Tim Hwang, former president of the 750,000 member National Youth Association. The company's technology uses machine learning and natural language processing to instantly analyze state and local government data, including bills, regulations, court cases and speeches.

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