Aylien success to create 70 jobs after $2m boost

Aylien
Pictured: Parsa Ghaffari, Aylien, Tanaiste and Minister for Business, Enterprise & Innovation, Frances Fitzgerald; and Joe Healy, Enterprise Ireland

AI start-up to grow workforce after Atlantic Bridge-led round

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8 November 2017 | 0

AI start-up Aylien today announced a successful funding round €2 million led by the Atlantic Bridge University Fund. and the creation of 70 jobs.

The investment will be used to add 70 jobs at the company’s Dublin base.

The new positions, supported by the Dept of Business, Enterprise & Innovation through Enterprise Ireland, will be in software engineering, product management, and sales & marketing.

Aylien’s tools make it easy to understand vast amounts of human-generated text using Deep Learning and advanced Natural Language Processing. The company’s products are used in complex data analytics projects and solutions by such global enterprises as Sony, Microsoft, and Deloitte.

Earlier this year, Aylien launched a text analysis platform, allowing users to create custom text analysis models using machine learning and deep learning technology. This is the third product offering from the company, building on a text snalysis API launched in 2014 and a news API in 2016.

“We are very excited to announce that we have partnered with Atlantic Bridge on our mission to enable developers and enterprises to make sense of textual content and unstructured data,” said Parsa Ghaffari, Founder & CEO, Aylien.

“We have had a great year so far, with phenomenal growth in traction and team size, along with signing up key customers and pushing the boundaries of scientific research in natural language processing and deep learning. We are also taking a major step towards realising our product vision by introducing our latest offering, the text snalysis platform, which is currently in private beta and will be rolled out over the next couple of months.

“We are proud to be backed by three of the most respected and forward-thinking institutional investors in Ireland, and we look forward to leveraging their knowledge, knowhow and network to further expand and grow Aylien.”

Joe Healy, manager, high potential start up dept (ICT), Enterprise Ireland, said: “Aylien is a highly innovative Irish start up making strong commercial and technical progress, having developed world leading technology in the Artificial Intelligence and Natural Language Processing space. The company has demonstrated global ambition, and Enterprise Ireland looks forward to continuing to support the company as they accelerate the scaling of their business across international markets”

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