# Deepset

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.deepset.ai
- Total disclosed funding: $44M
- Latest round: Series B (Jun 23, 2023)
- Investors on record: 7

## About

Based in Germany and founded in 2018 by Milos Rusic (CEO), Malte Pietsch (CTO), and Timo Möller, Deepset GmbH provides an open source to the industry to deliver cutting-edge natural language processing (NLP) solutions. In August 2023, Deepset GmbH raised USD 30 million in Series B funding led by Balderton Capita, with participation from GV, Harpoon Ventures, Lunar Ventures, and System.One.

Deepset offers Haystack, an open-source NLP framework used for semantic search, question answering, and conversational AI. It also offers Deepset Cloud, an enterprise ML/NLP SaaS platform for building and integrating NLP features into your applications. And with Deepset Cloud users can unite their data and NLP pipelines in a central location, experiment with different pipeline configurations and track their performance, build fully functional NLP backend applications, collect user feedback, and automatically scale GPU resources depending on the traffic to an application.

The company plans to use the August 2023 funding to support product and service expansion as well as hiring additional team members.

## Funding rounds

- Series B, Jun 23, 2023, $30M — Balderton Capital, GV, System.One, Lunar Ventures, Harpoon Ventures
- Series A, Jan 3, 2022, $14M — GV, Acequia Capital, System.One, Lunar Ventures, Tiny Super Computer Investment Company

## Investors

- GV (https://capitalatlas.ai/funds/gv) — Series A, Series B
- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Series A
- System.One (https://capitalatlas.ai/funds/system-one) — Series A, Series B
- Lunar Ventures (https://capitalatlas.ai/funds/lunar-ventures) — Series A, Series B
- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Series A
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series B
- Harpoon Ventures (https://capitalatlas.ai/funds/harpoon-ventures) — Series B