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Artificial Solutions raises $9.4m in Scope-led round for US expansion

25 Jun 2013

data2_lrgNordic growth equity investor Scope led a $9.4m investment round for Artificial Solutions to help the natural language interaction (NLI) specialist expand into the US market.

The funding round was also backed by existing investors.

The company’s core technology is the Teneo NLI platform, which listens and interprets what is said and then determines the best response.

Artificial said that its technology also enables its clients to access “unprecedented” levels of big data customer insight to provide the intelligence they require for new knowledge driven commercial models.

Partner and co-founder of Scope Fredrik Oweson said, “The markets in which Artificial Solutions operate are dynamic, fast-changing and offer massive potential growth opportunity.

“Building on its experience of implementing multi-language solutions and of developing patented technology that enables business users to create sophisticated NLI solutions, places it in a unique position as the demand for natural language takes off in consumer devices.”

Recent similar sized rounds included a $9m investment into Israeli video platform Idomoo led by New York investment firm Marker.

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