Seventeen year-old Nick D’Aloisio is the brains behind a new iOS app for reading news called Summly, a tool that summarizes top headlines for quick reading. The free app lets readers browse headlines along with concise summaries of the stories.

The teenager has raised more than $1 million for his app from supporters including Rupert Murdoch and Stephen Fry. BBC News has more: “Mr D’Aloisio took time off school to develop his idea for a smartphone application that offers summaries of existing news stories published on the net. The free-to-download app uses algorithms to process news stories into summaries which users can then swipe to see in full if they wish.”

Version 2.0 of the app debuted in iTunes on November 1st and in a matter of hours ranked in the Top Ten apps for news apps. It is currently No. 11 in the free news apps category.