Karlsruhe-based thingsTHINKING raises €4.5M in an Earlybird led seed round fund

SaaS News -Karlsruhe-based-AI-text-processing-SaaS-thingsTHINKING-raises-€4.5(source: SaaS Industry)
At a Glance

Karlsruhe-based deeptech AI startup thingsTHINKING has raised €4.5 million in an Earlybird led seed round funding, with participation from their angel investors.

Founded in 2017, as a spin-off from Karlsruhe Institute of Technology (KIT), by Dr. Sven Körner, Dr. Mathias Landhäußer, Georg Müller, and Abdelmalik El Guesaoui, they have developed a platform AI semantha, after about 14 years of research in Natural Language Processing (NLP) and AI at the KIT, which elevates the levels of textual processing by applying multi-modal processing, and also without much training, that some AI applications demand usually. 

According to Georg Müller, the new funding shall help them grow their technology and market faster while supporting their international partners.

The current funding allows us to grow our technological advantage and market faster while supporting our international partners, like Amazon Web Services (AWS), Microsoft, and large RPA-Vendors, who are eager to use semantha® for their customers,

Georg Müller

Commenting on the investment, Dr. Hendrik Brandis, Co-founder and Partner at Earlybird, opined that with semantha, domain experts could now treat an AI system like a coworker, paving the way for a divide-and-conquer approach for all types of text-related challenges that customers face.

With this, domain experts shall be able to directly use the system in production while simply creating new solutions with the provided UI, thereby making semantha the fastest and most progressive platform in the market.

Dr. Andre Retterath, Earlybird Principal, draws differences between existing solutions and semantha-offered solutions and states,

While existing solutions are “one-trick-ponies” that are purely trained and thus limited to very specific use cases, semantha can be easily adapted to new and so far unseen tasks. This is where standard NLP/AI approaches fail.”

Both Earlybird and thingsTHINKING have taken the fundraise to their official LinkedIn platforms. Thanking Earlybird for the funding, thingsTHINKING said in its post,

Thanks for the trust and the resources of Earlybird Venture Capital to make semantha® the world’s leading semantic platform. There are so many people out there who need semantha® but don’t know it yet – our mission for the upcoming time.

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