ExplosionAI
Latest round
- Series A
Last raised
- Jun 2022
Total raised
- $9M
Investors
- 1
About ExplosionAI
Founded in 2016 and headquartered in Berlin, Germany, ExplosionAI GmbH specializes in creating solutions for AI and NLP.Explosion specializes in developing advanced tools and solutions for Artificial Intelligence (AI) and Natural Language Processing (NLP). Its flagship products include spaCy, an open-source library for implementing industrial-strength NLP capabilities, and Prodigy, an annotation tool for efficient data labeling and model training. The company focuses on modular and scalable solutions that cater primarily to the banking, finance, and legal sectors, serving a diverse clientele that includes enterprises, academic institutions, and research organizations.Explosion generates revenue through software licensing, subscription models, and partnerships for NLP applications. Clients subscribe to their services for access to spaCy and Prodigy, along with tailored support and consulting. The company aims to increase its presence in Asia and North America by 2023. Additionally, SignalFire has retained warrants to invest a further USD 9 mn under the same terms.
Who invested in ExplosionAI
1 investor across 2 rounds
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Questions about ExplosionAI
Who invested in ExplosionAI?
ExplosionAI has 1 investor on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has ExplosionAI raised?
ExplosionAI has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did ExplosionAI last raise money?
ExplosionAI's most recent round on record is a Series A, in Jun 2022.
What does ExplosionAI do?
Founded in 2016 and headquartered in Berlin, Germany, ExplosionAI GmbH specializes in creating solutions for AI and NLP.
Where is ExplosionAI headquartered?
ExplosionAI is headquartered in Berlin, Germany.
Which VCs invest in companies like ExplosionAI?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at ExplosionAI's stage. Their profiles are linked below.
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