For Immediate Release: October 19, 2017
Contact: Stu Loeser or Matt Fossen | email@example.com
Intel Capital Joins $7.6M Series A Round for Amenity Analytics, Features Natural Language Processing / AI Startup at 2017 CEO Showcase
Natural Language Processing AI Platform Delivers Key Insights and Signals to Fortune 100 Customers and Major Hedge Funds
Palo Alto, CA — New York-based Amenity Analytics announced today that Intel Capital has joined its list of Series A investors and that the company was featured at the Intel Capital 2017 CEO Showcase as one of Intel Capital’s new startup investments. Amenity’s $7.6 million Series A round, first announced in August, was headlined by investments from State of Mind Ventures in addition to Intel Capital. That funding has been used to accelerate product development and to scale sales and marketing.
Amenity Analytics’ unique artificial intelligence system was designed by world renowned machine intelligence scientists, and it has quickly become a top competitor to IBM’s Watson for its ability to unlock insights from vast amounts of text. The system uses highly-accurate natural language processing which requires minimal coding or special information technology support — a significant hidden cost in other AI approaches. Clients have used Amenity’s platform to identify and extract data from regulatory filings, conference call transcripts, news, social media, research reports and more.
“Amenity Analytics is rewriting the rulebook on analytics and democratizing world class Natural Language Processing with its self-correcting AI platform,” said Amir Faintuch, Senior Vice president of Platform Engineering Group at Intel. “Intel is committed to advancing artificial intelligence for business and society by driving breakthrough performance and democratizing access.”
About Amenity Analytics:
Founded in 2015 by Nathaniel Storch, Ronen Feldman and Hedva Feldman, Amenity Analytics has built a leading-edge text analytics platform that allows customers to identify actionable signals from unstructured data. Amenity’s open data source architecture and cloud-based computing delivers unmatched speed, scope and scale when providing analytics for clients. The company’s extraction platform combines machine learning, sentiment analysis, and predictive analytics to provide some of the highest levels of accuracy in the industry.
About Intel Capital:
Intel Capital invests in innovative startups targeting 5G connectivity, the data center, artificial intelligence, merged reality, autonomous driving and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US $12.2 billion in 1,500 companies worldwide, and more than 640 portfolio companies have gone public or been acquired. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.