# Bitext

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitext

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.bitext.com
- Total disclosed funding: $0.9M
- Latest round: Seed (Feb 4, 2015)
- Investors on record: 1

## About

Bitext is a technology company specializing in multilingual named entity and concept extraction, utilizing a hybrid linguistic engine to enhance language processing capabilities for various industries.Founded in 2001, Bitext operates from San Francisco, US, focusing on advanced language processing technology. The company was led by founder Antonio Valderrabanos, who has a background in tech entrepreneurship. In February 2015, Bitext raised USD 0.9 mn in Seed financing from Inveready Asset Management, marking a pivotal moment in its funding journey. The total amount raised by the company is USD 0.9 mn, with one deal recorded to date.Bitext specializes in multilingual named entity and concept extraction through its hybrid linguistic engine, which combines symbolic and statistical techniques. The core offerings include a Software Development Kit (SDK) that processes over 60 million tokens per second per core, designed for real-time deployment in high-volume environments. This SDK supports customized ontologies and taxonomies, enabling clients to extract detailed semantic relationships such as causality and ownership across various documents and languages. The technology is tailored for sectors like finance, e-commerce, security, compliance, legal, and healthcare, with applications that enhance transaction analysis, product graph creation, threat detection, compliance modeling, and patient journey mapping. Bitext's solutions are deployed globally, serving a diverse client base, including three of the top five largest companies in NASDAQ.Bitext's revenue model primarily revolves around B2B transactions, offering its SDK and related services through subscription-based partnerships with enterprises and organizations seeking advanced language processing capabilities. Clients typically enter into agreements to access the SDK via REST API or Python bindings, which can be integrated on-premises or through cloud installations. The company's offerings, including its flagship SDK and pre-built datasets, are designed to address specific industry needs, allowing for customized implementations that enhance client operations. Revenue is generated through these partnerships, characterized by long-term contracts that provide ongoing access to updates and support, ensuring seamless integration into clients' existing workflows.In February 2015, Bitext raised USD 0.9 mn in Seed financing led by Inveready, which will be utilized to support the development of new products and enhance market outreach. The company aims to expand into new markets and geographic regions, specifically targeting additional sectors and international clients by the end of 2023. Upcoming innovations include enhancements to their SDK to better accommodate complex language processing tasks, with further details expected to be announced as development progresses.

## Funding rounds

- Seed, Feb 4, 2015, $0.9M — Inveready Asset Management

## Investors

- Inveready Asset Management (https://capitalatlas.ai/funds/inveready-asset-management) — Seed