Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment of DKK 14,920,000(about Rs 14.49 crore) from its Innovation Fund in UNSILO, a Danish artificial intelligence startup focused on advanced text analysis.
UNSILO uses a unique combination of machine-learning and natural language processing to analyze large quantities of text and improve the speed and effectiveness of knowledge workers across many industries.
“We see Denmark as a global hub of world-class innovation with talented people, a good education system and a track record of entrepreneurial success. UNSILO has built an impressive semantic search engine with best-in-class text intelligence, which powers a range of advanced business processes,”
Infosys Executive Vice-President and Global Head (Corporate Development and Ventures) Ritika Suri said.
We are very excited about the partnership with Infosys. Making sense of any large amount of unstructured text is a huge challenge for many industries. Pairing our ground-breaking technology with Infosys’ deep client relationships and strong capabilities in project delivery and go-to-market will give us a unique opportunity to bring our services to several new industries and expand globally far more quickly.
UNSILO CEO Thomas Laursen said.
The investment will be completed on receipt of regulatory approvals.