Speed-Reader Startup Spritz Closing $3.5M Seed

This is going to be one fast National Reading Month.

TechCrunch

Spritz , a Boston-based startup that’s been developing a speed-reading technology in stealth since 2011, is in the process of closing a $3.54 million seed funding round. Investors include Denis O’Brien, investing through his telco company  Digicel .

$1 million of the seed was raised earlier, when the company was known as Spritz Technology LLC (it’s now Spritz Technology Inc), but the rest of the round — $2.54 million — is committed and due to be closed within a couple of weeks, TechCrunch has learned.

Spritz’s patent-pending technology streams text at readers, one speedy word at a time, to cut down the time the reader’s eye has to spend moving from word to word — letting them consume text more quickly (or that’s the theory).

To aid the reading process, Spritz aligns words using what it refers to as an “optimal recognition point method” which presents the portion of the word that apparently allows…

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