Infosys invests in UNSILO

India Infoline News Service | Mumbai | November 18, 2016 17:28 IST

The company announced that it has made an investment of DKK 14,920,000 from its Innovation Fund in UNSILO, a Danish artificial intelligence startup focused on advanced text analysis.

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 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 taleted people, a good education system and a track record of entrepreurial success. UNSILO have built an impressive semantic search engine with best-in-class text intelligence, which powers a range of advanced business processes.

We will partner with UNSILO to bring their artificial intelligence and machine learning technology to our global clients. They join and expanding portfolio of innovative young companies from around the world that Infosys works with to help enterprises drive their digital transformation.” said Ritika Suri, Executive Vice President & Global Head of Corporate Development & Ventures at Infosys.

“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,” said Thomas Laursen, Chief Executive Officer at UNSILO.

Springer Nature, one of the world’s largest academic publishers of Scientific, Technical and Medical (STM) content, has been working with UNSILO for several years. “Because scientific language constantly grows and evolves, it is a difficult and time-consuming job to build and maintain consistent terminology and useful ontologies,” says Jan-Erik de Boer, Chief Information Officer at Springer Nature. “Using UNSILO’s fully automated content enrichment technology, we can identify the most descriptive concepts and phrases within any document in our content portfolio, and provide more valuable reading suggestions, even across domains with a highly variable terminology.”

The Danish Minister for Foreign Affairs, Kristian Jensen, welcomed Infosys’ support of the Danish innovation ecosystem, “I am very pleased that the Infosys Innovation Fund's first investment in Europe is placed in Denmark. The investment reflects that Denmark offers an exciting environment for tech startups and is an attractive location for high quality foreign investments into the technologies of the future.”

The investment will be completed upon receipt of regulatory approvals. 

***Note: This is a NSE Chart

 

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