Multi-million investment in the further development of semantha®
- thingsTHINKING receives 4.5mn EUR in a seed round led by Earlybird Venture Capital
- The deeptech AI startup is a spin-off of the Karlsruhe Institute of Technology (KIT) and processes human language regardless of the choice of words
- Semantha® works out-of-the-box, speaks 100+ languages, and can be educated with only limited examples
- Fresh funds to make thingsTHINKING’s semantha® the global-leading semantic platform
Karlsruhe/Munich,10 May 2021 – The Karlsruhe-based deeptech AI startup thingsTHINKING closed a 4.5mn EUR funding round led by Earlybird and a group of renowned angel investors. With their platform semantha®, the team at thingsTHINKING has taken textual processing to the next level– applying multi-modal processing while working out-of-the-box without the much dreaded training usually required for AI applications.
Dr. Hendrik Brandis, Co-founder and Partner at Earlybird says: “With semantha®, domain experts can finally educate an AI system as if it were a co-worker – using just a few and simple examples. This allows for a divide-and-conquer approach for any type of text-related challenge with customers, where the domain experts can directly use the system in production while simply creating new solutions with the provided UI. This makes semantha® the fastest and most progressive platform in the market.” Earlybird Principal Dr. Andre Retterath adds: “semantha® combines cutting edge natural language processing approaches in a unique way that provides immediate value for every customer. While existing solutions are “one-trick-ponies” that are purely trained and thus limited to very specific use cases, semantha® can be easily adopted to new and so far unseen tasks. This is where standard NLP/AI approaches fail.”
Already serving a wide range of SaaS license customers from SMEs to enterprises like BASF, Hella, and Gothaer, semantha® has been adopted by increasingly more partners who use the platform’s 150+ REST/API web services to create their own solutions.
Dr. Sven Körner, Dr. Mathias Landhäußer, Georg Müller, and Abdelmalik El Guesaoui founded thingsTHINKING in 2017 as a spin-off of the renowned Karlsruhe Institute of Technology where Sven and Mathias conducted NLP research with the software engineering research group since 2006. The publication and research track-record of the group spans all relevant conferences in the NLP and semantic processing space. Georg is a seasoned cloud software architect who worked for global players and led large developer teams before prompting Sven and Mathias to found a new company using their research results as a basis. Abdelmalik complements the founding team with his international product management experience in building real-world solutions from the research results and ideas.
“Bringing common sense to computers is our goal”, states Sven. “As human knowledge-workers, we spend so much time with drudge work when it comes to texts of any kind”, says Mathias. “This is why we want semantha® to be the perfect co-worker and play our part in the multi-billion dollar employee experience market,” adds Abdelmalik.
“The current funding allows us to grow our technological advantage and market faster while supporting our international partners, like Amazon Web Services (AWS), Microsoft, and large RPA-Vendors, who are eager to use semantha® for their customers,” sums up Georg.
The AI semantha® is the result of more than 14 years of research in Natural Language Processing (NLP) and Artificial Intelligence at the Karlsruhe Institute of Technology (KIT) and in 2017 the company thingsTHINKING GmbH was founded. The pioneering success is attested by the “CODE_n Award – Industry Disruptor”, the award as one of the “100 Places for Industry 4.0 in Baden-Württemberg” or also the description of the company thingsTHINKING as a “brain with artificial intelligence”, by the renowned FORBES magazine. Most recently, thingsTHINKING was named “AI Champion Baden-Württemberg” by the state of Baden-Württemberg with its AI solution semantha®, as a key technology of the future. For further information visit: www.thingsthinking.net
Earlybird is a venture capital investor focused on European technology companies. Founded in 1997, Earlybird invests in all growth and development phases of a company. Amongst the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources, but also strategic and operational support as well as access to an international network and capital markets. Earlybird manages different funds with a focus on digital technologies in Eastern and Western Europe as well as healthcare technologies. With EUR 1.5 billion under management, eight IPOs and 30 trade sales, Earlybird is one of the most successful venture capital firms in Europe. For further information visit: www.earlybird.com