Natural language generation (NLG) technology company YSEOP is boosting its capital by $9.3 million this week, bringing its total investment to $12.6 million. The funds come from existing investor NextStage, an investment platform that shares YSEOP’s Parisian roots.
While previous investments have allowed YSEOP to roll out its NLG platform and enter into the pharmaceutical market, the company plans to use today’s round to accelerate its expansion into the U.S. In fact, by 2022, YSEOP expects to generate almost half of its revenue in the U.S.
“We are proud of NextStage’s confidence in YSEOP and the continuation of our shared adventure. The understanding NextStage shows of the challenges at play on the artificial intelligence and natural language market, as well as their knowledge of the U.S. market, confirm that they are the right partner to support us in our entrepreneurial journey,” said Emmanuel Walckenaer, YSEOP CEO. “Artificial Intelligence is a technology that transforms the approach to markets for companies and their organizations. We intend to continue honing and deepening our expertise in this field on behalf of our key accounts in order to realize the market potential of transforming data into natural language.”
YSEOP, which demoedAugmented Analytics earlier this year at FinovateSpring, leverages AI to deliver analysis using a human-like dialogue. The company’s tools can be used for a range of use cases, including wealth management, automated news briefs, report writing, and adding narrative to visual analytics.
Natural language generation (NLG) expert Yseopteamed up with technology consulting and digital solutions company Larsen & Toubro Infotech (LTI).
Yseop CEO Emmanuel Walckenaer said that the deal “significantly advances” the company’s NLG efforts while expanding its global reach.
Founded in 1997 as a subsidiary of India-based Larsen & Toubro Limited, LTI has operations in more than 30 countries. Through today’s partnership, LTI will provide Yseop’s NLG technology as part of its global project delivery services, offering the intelligent automation solution to more than 300 clients.
Harsh Naidu, Chief Business Officer of Banking and Financial Services at LTI said, “We are excited to partner with YSEOP to foster NLG adoption across a wide spectrum of use cases in banking, financial services, and other sectors. Our customers demand unprecedented experience of intelligent automation which we will be able to deliver by leveraging YSEOP’s unique NLG approach.”
Paris, France-based Yseop offers an AI platform that powers human-like interactions in customer support, sales, and reporting applications. The company demoed its Augmented Analyst last week at FinovateSpring. The demo video will be available soon.
Previously, Yseop demonstrated its business intelligence solution that turns data into written reports at FinovateFall 2015. The company has raised $3.4 million since it was founded 2007. Last month, Yseop announced that the solution it created for Société Générale won the award for most innovative initiative of the year at the 2019 Digital Finance Awards.
This post is part of our live coverage of FinovateFall 2015.
Yseop showed how its business intelligence transforms data:
Yseop Smart BI is a Self-Service BI Tool that makes data speak. Businesses have automated data collection, storage, and visualization, but despite all of these investments, they still cannot draw insight from data in real time. Visualizations show you trends, but they don’t tell you what actions to take and why. This conventional process is too slow for the market, too expensive, and too laborious as data reserves grow. Yseop Smart BI turns data into written reports with just the click of a button. These Yseop-generated reports not only explain trends, identify outliers, and offer context, but also go further by offering advice and explaining why the advice was given. Yseop Smart BI turns big data into big revenue instantly.
Product Launch: September 2015 Metrics: Yseop is a privately owned company with offices in New York, Dallas, London, Paris, and Lyon servicing clients globally. Yseop’s largest customer has more than 12,000 staffers using Yseop’s software on a daily basis. Product distribution strategy: Direct to Business (B2B); licensed
YseopSmart BI’s Excel plug-in turns complex spreadsheets into written narrative and insight. With Yseop, understanding big data is as simple as clicking a button and reading.
Features of Yseop (easy-op):
First self-service software that writes like a human
Explains trends, outliers, and rationale behind recommendations
Writes in multiple languages, and at speeds of thousands of pages per second.
Why it’s great
Data-visualization tools can show you trends, but only Yseop Smart BI can explain what your data means, what actions to take, and why—all in real time!
Arden Manning, SVP Global Marketing
Manning has over a decade’s experience in public relations, marketing, and communications strategy. Manning has extensive experience in both the private and public sectors. LinkedIn
Matthieu Rauscher, Global Director of Pre-Sales Engineering Rauscher has extensive experience working in the North American, Asian, and European markets. Rauscher’s technical and business administration background allow him to seamlessly interface with both technical and business worlds. LinkedIn