Aiming to enhance its research and development in machine learning and hire a pool of new talents, New Delhi-based machine learning platform for text analysis, Neuron, has raised an angel funding of $200,000. The round was led by Harvinder Singh Bhatia, the CFO of Netmagic and founder of Radiowala.
Neuron is a Natural Language Processing platform that has its models and technology built on the machine learning modules. It provides API to developers, marketers, organisation, CEO, anyone who needs to learn about the deep insights of any kind of textual data.
Veer Mishra, the founder of Neuron, mentioned, “We already have around 200+ developers across the globe who are testing our beta platform and it should scale up to 1000+ in next couple of months.”
Along with the fundraising, it has also launched its SaaS platform for developers around the globe.
Mishra further added, “We believe that India is a growing market and people have a huge requirement of Machine Intelligence and NLP for their software and services as it helps them extract insights of their data hence the user behaviour. Automation is becoming a part of almost everything now.”
The funds raised would be utilised for R&D in machine learning and natural language processing to develop deep learning models with the best accuracy industrially possible and hire the best talent pool for machine learning and artificial intelligence.
Neuron uses Machine Learning to build its technology that helps developers and organisations to learn deep insights of any form of textual data.
Currently, they have four different API working on various aspects of Natural Language Processing and hopes to reach a level where automation of text data, from processing to analysis to generation, is a child’s play.
small seed rounds from them.
