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Media startup The Cipher Online, which will provide national security news targeted at the business community, has raised $1.3 million in seed funding led by San Francisco-based Alsop Louie Partners.
According to founder Suzanne Kelly, the round also included four angel investors from across the country with an interest in the national security space.
Suzanne Kelly said the news product would be focused on highlighting both international risks and opportunities for the national business community – industries such as energy, hospitality and finance, for example.
“It takes a lot more than just getting an email every morning with headlines to position you to make good decisions for your business,” she said.
A basic version of the digital news product, which Suzanne Kelly said would likely feature one piece of news content per day, will launch in three weeks.
A full launch of the site, which will include free content and exclusive content behind a subscription-based paywall, is expected to launch in June.
Suzanne Kelly said she would aim to hire a mix of more experienced news hands and some lesser-known analysts.
Suzanne Kelly worked for CNN as an intelligence correspondent until 2013, but has also worked for the company as a producer in Atlanta and a Berlin-based news anchor.
She is also the author of “Master of War: Blackwater USA’s Erik Prince and the Business of War.”
Kasra Kangarloo covers technology, venture capital and startups. (Credits to Kasra Kangarloov)
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