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December 14, 2011 08:42 am GMT

16-Year-Old Programmer Raises Seed Round From Billionaire Li Ka Shing To Summarize The Web

LogoLaunching today on the App Store is a new application called Summly that, in short, attempts to summarize the Web. The app was formerly known as Trimit (which we covered back in July), before Founder (and 16-year-old programmer) Nick D'Aloisio raised a seed round from billionaire Hong Kong investor Li Ka-shing and his investment vehicle, Horizons Ventures.

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