Gist Adds $6.75 Million Series A VC Funding

Seattle-based Gist has announced it has closed a $6.75 million Series A round of funding led by Foundry Group with participation by its founding investor Vulcan Capital. Gist’s goal is to help reduce information overload by creating a dashboard that brings all of your information together and organizes it for the best possible effectiveness. Gist is currently in private beta and integrates with Outlook and Gmail. The company notes they also integrate information from LinkedIn, Facebook and Twitter. Brad Feld will join the board and the company currently employs 10 people.

Gist is led by T.A. McCann who was previously part of the Microsoft’s Exchange Server Group team.

While I don’t have access to the Gist beta, it appears that the service is similar to Xobni in that it works within email applications. Eventually the company hopes to offer a paid subscription model.

John Cook at TechFlash has an in-depth of Gist and how the service works. Cook notes, “Organizing Web information and then parsing it in such a way that it is meaningful to the reader is a big opportunity that heavyweights such as Facebook, Microsoft and Google also are attempting to address.”