# Intento

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.intento.to
- Total disclosed funding: $11M
- Latest round: Series A (Nov 16, 2023)
- Investors on record: 6

## About

Intento, Inc. is a US-based company that specializes in enhancing language processing capabilities through AI-driven solutions, providing services such as machine translation and natural language understanding to various industries.Founded in 2016 and headquartered in San Francisco, US, Intento, Inc. delivers AI technology solutions aimed at improving communication across diverse sectors. The company has engaged in 7 deals, with the latest being a Series A funding round on November 16, 2023, raising USD 1.75 mn, led by Somersault Ventures, which brings the total amount raised to USD 1.75 mn. The company was established by Grigory Sapunov and Konstantin Savenkov, the latter currently serves as CEO, having a history in entrepreneurship.Intento specializes in providing advanced AI-driven solutions that enhance language processing capabilities for a diverse range of industries. Their core offerings include machine translation services, natural language understanding, and text analytics tools, all designed to improve communication and data interpretation across various platforms. These products serve end-users by facilitating seamless interactions in multilingual environments, addressing challenges such as language barriers in customer support, content localization, and automated insights generation. The company's solutions are utilized by a broad client base, including enterprises in sectors such as e-commerce, technology, and education, particularly in North America and Europe. Released in recent years, their tools are engineered to integrate easily with existing systems, ensuring that businesses can leverage AI efficiently and effectively.The revenue model of Intento is structured primarily around subscription-based services, allowing clients to access their suite of AI products through various pricing tiers. These tiers are designed to accommodate different usage levels, with options for businesses ranging from small startups to large enterprises. Clients typically engage in direct B2B transactions, entering into agreements that specify the terms of service and associated costs for the products utilized, including flagship offerings such as their machine translation platform. By leveraging a combination of software licenses and usage-based fees, Intento aims to create a sustainable revenue stream while fostering long-term partnerships with its clients.In October 2023, Intento, Inc. raised USD 1.75 mn in Series A funding, part of a larger USD 8.31 mn round, which will be utilized to expand initiatives in operations, growth, sales, marketing, and platform development. The company plans to introduce new products designed to enhance their existing AI capabilities, although specific product release dates have not been disclosed. Intento is focusing on expanding into new markets in North America and Europe by 2024, aiming to increase its client base and establish deeper partnerships in these regions.

## Funding rounds

- Series A, Nov 16, 2023, $1.8M — I2BF, Flint Capital, Scorpio VC, Courtyard Ventures, Davidovs Venture Capital, Somersault Ventures
- Series A, May 2, 2023, $6.7M — Somersault Ventures
- Seed, Jul 14, 2020, $0.8M — Flint Capital
- Seed, Apr 24, 2020, $2.2M — Flint Capital

## Investors

- Flint Capital (https://capitalatlas.ai/funds/flint-capital) — Seed, Series A
- Somersault Ventures (https://capitalatlas.ai/funds/somersault-ventures) — Series A
- I2BF (https://capitalatlas.ai/funds/i2bf) — Series A
- Scorpio VC (https://capitalatlas.ai/funds/scorpio-vc) — Series A
- Courtyard Ventures (https://capitalatlas.ai/funds/courtyard-ventures) — Series A
- Davidovs Venture Capital (https://capitalatlas.ai/funds/davidovs-venture-capital) — Series A