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Deepset Raises $14M To Help Companies Build Nlp Apps

PRIVATEApr 28, 2022

Amount Raised

$14 Million

Round Type

Funding Round

HardwareSustainabilityNatural ResourcesSoftwareConsumer GoodsScience And EngineeringInternet ServicesMusic And Audio

Description

Natural language processing (NLP), the field of AI that involves parsing text for tasks including summarization and generation, is a fast-growing technology. According to a 2021 survey from John Snow Labs and Gradient Flow, 60% of tech leaders indicated that their NLP budgets grew by at least 10% compared to 2020, while a third said that their spending climbed by more than 30%. Fortune Business Insights pegged the NLP market at $16.53 billion in 2020.

Quick answer

Deepset raised $14 Million in a Funding Round round, dated April 28, 2022.

How much did Deepset raise?
Deepset raised $14 Million in a Funding Round round on April 28, 2022.
What does Deepset do?
We are an open source startup that empowers developers to build flexible and semantic search systems to query all types of data using our Haystack framework. deepset is at the forefront of Natural Language Processing..
Who are the decision-makers at Deepset?
Fundz holds 1 contact at Deepset. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Hardware and Sustainability around the same time

Companies in the same sectors as Deepset that raised within 45 days of this round, from Fundz verified event records.

  • Aquiline Drones Corp raised $1M (Seed) on May 9, 2022.
  • Aquiline Drones Corp raised an undisclosed amount on May 9, 2022.
  • MoEngage raised $77M on June 10, 2022.
  • SolarSquare raised $4M (Seed) on June 10, 2022.
  • TestBox raised $10M (Seed) on June 8, 2022.
  • MoEngage raised $77M (Funding Round) on June 1, 2022.

Who to call at Deepset, and when

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Company Information

Company

Deepset

About

We are an open source startup that empowers developers to build flexible and semantic search systems to query all types of data using our Haystack framework. deepset is at the forefront of Natural Language Processing (NLP) and we are on our way to becoming a standard for semantic search. The developers who use our products work at companies like Airbus, Wells Fargo, BMW, and BetterUp. We are currently building a new SaaS product called deepset Cloud. We recently raised our 14mn USD Series A from Top Tier-VC firm GV (Google Ventures) as well as the founders of Snorkel, Deepmind, Neo4j, Cockroach Labs, and Cloudera.

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