USA – Intento, a Berkeley, CA-based AI integration platform, closed a $3m seed funding round.
The round, which comes on top of the original funding of $1.3m invested by the Berkeley SkyDeck Fund, PIK.vc, and Smarthub, among other angels, was led by Flint Capital with participation from Berkeley SkyDeck and SmartHub along with other angel investors. In conjunction with the funding, Andrew Gershfield, Partner at Flint Capital, joined the Intento Board of Directors. The company intends to use the funds to build out its sales and marketing operations in Europe and in the U.S., as well as to expand the customer success team. Led by Konstantin Savenkov, Founder and CEO, Intento helps global companies procure and utilize the best-fit cognitive AI services. The current focus of the company is Machine Translation (MT), helping to train and evaluate MT models on more than 25 systems such as Amazon, Google AutoML, Microsoft Custom Translator, IBM, and DeepL. The Intento Enterprise Machine Translation (MT) Hub is an AI integration platform that makes these MT models available right in the existing software systems and workflows. In addition, the technology helps to augment MT with other AI intents such as text classification, sentiment analysis, image tagging, and soon OCR and speech transcription. It is also designed to work with conventional integration platforms such as MuleSoft (Salesforce), BMC, and SnapLogic. The solutions are already in use by several large, global companies in the retail, travel and technology space. Launched in 2017, the company recently received a U.S. patent for its core platform and works with global technology, retail and travel companies, augmenting their Localization, Content Management, Customer Support and Marketing Operations with AI. It is a graduate of the Berkeley SkyDeck accelerator and recently obtained its ISO-27001 certification. 02/07/2020
