Technology startup One AI raises $8 million in its recently held funding round. Many investors, including Ariel Maislos, Tech Aviv and SentinelOne Inc. Chief Executive Officer Tomer Wiengarten, and numerous others, participated in the One AI’s funding round.
According to the company, it plans to use the freshly raised funds to offer better and enhanced natural language processing features in its platform.
One AI provides a set of natural language processing models that have been pre-packaged for corporate use cases. Developers can seamlessly integrate One AI’s technology with their software using an application programming interface.
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Co-founder of One AI, Yochai Levi, told TechCrunch, “We believe that the technology is nearing its maturity point, and after building NLP from scratch several times in the past, we decided it was time to productize it and make it available for every developer.”
He further added that despite the market’s rapid growth, advanced NLP is still mostly employed by experts, Big Tech, and governments. Levi feels the solution is One AI’s platform, which is a collection of NLP models that have been trained for specific business use cases.
Pre-built neural networks from One AI can organize documents by subject, extract customer sentiment from help desk tickets, and generate text summaries. One AI’s pre-packaged neural networks can be used alone or in combination by developers.
One AI currently employs 22 people, including ten natural language processing researchers, and as per reports, the company plans to hire new employees after this funding round.