Stockholm-based Natural Language Process (NLP) platform Hypertype has raised €1.15 million in funding to develop machine-to-human conversations. The pre-seed round was led by Luminar Ventures. Other participants include Antler, Propel Capital, Sting and angel investors such as Charlotte Söderhjelm (CEO of Gavagai), Fredrik Olsson (CDO of Gavagai), Peggy Poon (ex-Nordic lead of Microsoft for Startups), Siddharth Khullar (ex-AI Research Scientist at Apple), Marcus Böstrom (Founder of Vården), and Christian Backman (ex-CIO of Einride).
The new capital will be used for accelerating product development and ML tools.
Founded in 2021 by Teenie Fung and Beatrice Baltscheffsky, the platform analyses emails using NLP technology to make data search more relevant and instantaneous. Designed to tackle the hassle of ‘endless customer emails’ by extracting historical information in real-time, the tool saves tremendous time for sales teams from manually scrolling through chains of emails and documents to find one single piece of information.
The fully-fledged product is currently under development and is being built on their proprietary NLP technology.