Semafor, a news site that aims to make it easier to handle modern information overload while keeping its readers on top of what’s going on in the world, launched early Tuesday.
Created by Ben Smith, one-time editor-in-chief of Buzzfeed, and former media reporter for The New York Times, and former Bloomberg CEO Justin Smith, the site has raised $25 million and hired more than 50 staff members, according to multiple reports.
CNBC said the funders include billionaire Sam Bankman-Fried, founder of cryptocurrency exchange FTX, and Jessica Lessin, a former Wall Street Journal reporter and founder of technology news site The Information.