Most Accurate NLP Models Accelerate Impact for Financial Services
NEW YORK, May 2, 2022 /PRNewswire/ — Accern, recognized as the leading NoCode NLP platform for AI breakthroughs, today announced the close of its $20 million Series B round co-led by Mighty Capital and Fusion Fund, alongside Tribe Capital, Viaduct Ventures, Shasta Ventures and Gaingels.
Built for domain experts and business analysts, the Accern Solution with end-to-end AI/ML/NLP workflows can be deployed in minutes to deliver high impact insights for equity research, credit risk, M&A activity, ESG performance, insurance claims, fraud prevention, market intelligence, sanctions monitoring and more.
“Accern is making it easy for non-technical users to leverage the latest AI/NLP technologies to extract insights from documents. This exponentially expands the reach of AI beyond data teams, said Lu Zhang, Founder and Managing Partner at Fusion Fund and a Board Member at Accern.
“Our solution fuels innovation for enterprises by providing them with powerful insights for decision-making,” said Kumesh Aroomoogan, co-founder and CEO of Accern. “With this funding, we will scale sales and marketing to empower more citizen data scientists.”
The Accern NoCodeNLP Platform includes pre-assembled data sets, pre-built taxonomies covering over out-ot-the-box 60,000 companies and 250 themes, 250 plus pre-trained, human-grade ML/NLP models, and pre-integrated dashboards.
“In addition to making it easy for citizen data scientists to access highly accurate pre-trained models, we also enable them to customize their own AI/NLP workflows by bringing their own documents, entities, themes, models, and downstream integrations,” added Anshul Vikram Pandey, Ph.D., co-founder and CTO.
The Accern NoCodeNLP Platform empowers domain experts and business analysts to extract the most accurate insights from massive streams of unstructured data—news, social media, industry reports and internal documents—within minutes. Accern offers pre-built AI/ML/NLP solutions to minimize time to value and maximize ROI for equity research, credit risk, M&A activity, ESG performance, insurance claims, fraud prevention, sanctions monitoring and more.
Recognized as the first NoCode NLP platform and industry leader with the highest accuracy scores, Accern also enables data scientists to customize end-to-end AI/ML/NLP workflows with BYO datasets, taxonomies, models and pre-integrated dashboards and DSML platforms. In production at companies like Allianz, William Blair and Mizuho Bank, Accern accelerates innovation by enhancing existing models and enriching BI dashboards.
Headquartered in New York City, Accern is backed by Fusion Fund, Mighty Capital, Shasta Ventures and Tribe Capital. Learn more at https://accern.com/.