Deeptech AI startup thingsTHINKING has raised €4.5 million in a funding round led by Earlybird which saw participation from a number of angel investors. The company’s offering, semantha, moves the needle on textual processing by providing out-of-the-box functionality, bypassing the dreaded training phase for AI-based applications.
“With semantha, domain experts can finally educate an AI system as if it were a co-worker, using just a few and simple examples. This allows for a divide-and-conquer approach for any type of text-related challenge with customers,” comments Earlybird co-founder Dr. Hendrik Brandis.
Semantha is the result of 14 years of research in NLP and AI at the Karlsruhe Institute of Technology, and in 2017 Dr. Sven Körner, Dr. Mathias Landhäußer, Georg Müller, and Abdelmalik El Guesaoui founded thingsTHINKING.
The company already counts big names BASF, Hella, and Gothaer, as clients, and serves a number of SMEs as well.
“The current funding allows us to grow our technological advantage and market faster while supporting our international partners and large RPA vendors, who are eager to use semantha for their customers,” states Müller.