Quantexa has acquired a Dublin-based leader in natural language processing (NLP) and advanced AI outfit Aylien to help it collect, analyse, and understand unstructured text data.
This will be Quantexa’s first acquisition since the company raised $153 million in its Series D funding in late 2021 from Warburg Pincus and a group of blue-chip investors, this combination will see the company enter the $11 billion text analytics market.
Founded in 2012, Aylien’s solutions include a News API for building intelligent applications with aggregated multi-lingual content from over 80,000 trusted sources across the web, traditional media, and licensed news outlets.
Aylien provides an application for analysts to proactively identify, investigate, and monitor news data to assess critical business risks and opportunities.
With the acquisition completed, Quantexa plans on increasing R&D investments in the AI and NLP space. Quantexa will build on the success of Aylien’s deep learning-based NLP research programme based in Dublin, Ireland, that currently boasts 30-plus team members and four world-class university partnerships. The team supports over 40 enterprise customers and has produced research cited in over 700 academic publications.
Quantexa CEO, Vishal Marria: “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.”
Aylien CEO Parsa Ghaffari said: “In the last few months, we have worked closely with Quantexa’s leadership team and have seen first-hand how closely our cultures and R&D efforts align. Quantexa is experiencing remarkable growth and I am confident that they will leverage Aylien’s offerings and bring their benefits to new solutions and customers. We are excited about the expanding opportunities we will have as part of the Quantexa team.”
