London's Quantexa has acquired Aylien, a language processing software company based in Dublin, in a bid to empower its decision intelligence platform with enhanced unstructured data analysis and language modelling.
Aylien's flagship product in an API kit for news gathering, used to deliver multi-lingual news content from 80,000+ online sources into enterprise workflows for purposes pertaining to text analytics, risk intelligence and media intelligence.
Quantexa proposes to use Aylien's advanced NLP programme, consisting of 30+ team members in Dublin, to expand its own R&D focused on AI and language processing in decision intelligence.
The decision intelligence platform lets enterprises build context and insight modelling — including graph analytics and knowledge trees — to enhance operations, prevent fraud, and identity external risks to their core business. Quantexa pegs the potential addressable market at $230 billion.
Aylien was identified by Quantexa's business development team as a potential acquisition target. Vishal Marria, Quantexa CEO, said: "Aylien is a first-class organisation with an impressive team that continues to push the boundaries of what is possible in NLP.
"Their unique approach and commitment to combining research and commercial software development has allowed Aylien to deliver significant value to their customers using AI to extract intelligence for critical decision making."
"Our organisations are strongly aligned when it comes to how we build our solutions and our cultural values.”