One AI launches with $8 million in funding to facilitate natural language processing projects

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Startup One AI Inc. launched today in stealth mode with $8 million in funding to help companies add natural language processing capabilities to their applications.

Funding was provided by a group of backers including tech investor Ariel Maislos, Tech Aviv and SentinelOne Inc. CEO Tomer Wiengarten. Several other venture capitalists and anonymous angel investors also participated, TechCrunch reported.

Natural language processing technology has advanced significantly in recent years. In 2020, OpenAI LLC made its debut an artificial intelligence model dubbed GPT-3 that is optimized for natural language processing and can perform tasks ranging from writing essays to producing software code. In April, Google LLC detailed an AI system dubbed PaLM which he says is even more advanced than GPT-3.

In business, natural language systems can potentially be used to automate a wide variety of manual tasks. In practice, however, the technology is often difficult for organizations to implement. This is the challenge that One AI strives to meet.

Many natural language processing models are available under an open-source license, which means companies can in theory easily add them to their software. But before a neural network can be deployed, it needs to be trained, a process that takes a lot of time and effort. It also often requires a significant amount of technological infrastructure.

Some natural language processing models are available in pre-trained versions. However, the pre-trained version of a neural network is not necessarily suitable for the task a company hopes to automate. A neural network trained to process academic documents, for example, may not be able to process commercial documents efficiently and vice versa.

One AI provides a collection of pre-packaged natural language processing models optimized for business use cases. They are available through an application programming interface, which allows developers to integrate the startup’s technology into their software with relative ease.

The company’s pre-packaged neural networks can sort documents by topic, extract customer sentiment from support tickets, and create text summaries. The startup also supports a variety of more specialized use cases. Developers could, for example, use software from One AI to create an artificial intelligence application that detects when a website visitor interacting with a chatbot may need help from a service representative. assistance.

Developers can use One AI’s pre-packaged neural networks separately or deploy them side-by-side. A business can combine multiple AI models to create a software workflow that sorts customer support requests by topic, creates a summary of each request, and then highlights important keywords in the text. To make application development easier for customers, One AI offers a tool called One AI Language Studio that allows developers to mix and match neural networks without writing code.

The company has 22 employees, including 10 natural language processing researchers. This would have plans to use the new round of funding to hire more people.

The stealth AI launch comes weeks after Accern Corp., another startup working to facilitate the implementation of natural language processing, raised Funding of $20 million. Accern uses natural language processing to help financial companies find useful information in their business data. Companies use the startup’s technology for tasks such as tracking stock market trends and evaluating investment opportunities.

Photo: Unsplash

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