Aylien, a Dublin, Ireland-based provider of AI-powered risk intelligence and financial analytics solutions, raised a Series A funding round of €5m.
The round was led by Finch Capital, joined by existing investors, Atlantic Bridge University Fund, SOSV, and Enterprise Ireland. Finch Capital’s Partner Hans De Back has also joined Aylien’s board of directors.
The company intends to use the funds for growth and expansion into the risk intelligence market, as well as the development of a new revenue channel and product line via a user-facing application.
Led by Parsa Ghaffari, Founder & CEO, Aylien provides a proprietary Artificial Intelligence platform that ingests, structures, and understands news in 14 languages from over 160 countries using proprietary Natural Language Processing and Machine Translation technology.
This provides their end-users with advanced event discovery and investigation capabilities that allow them to identify and quantify the impact of events that matter to their business often before they break in mainstream media.