News Intelligence Platform Aylien Scoops New Funding

In Ireland, AI-powered news intelligence platform Aylien has raised $5.54m in a Series A round of funding, which it will use to drive company growth globally.

Founded in 2010 by Parsa Ghaffari (pictured), Dublin-based Aylien uses AI to help users collect, analyze and understand millions of pieces of human-generated content every day, aided by machine learning and natural language processing.

The funding round was led by Finch Capital, with participation from existing investors Atlantic Bridge University Fund, SOSV and Enterprise Ireland. Commenting on the funding, Ghaffari said: 'We turn the world's news data into a rich, reliable, and real-time source of information for businesses. This new round of funding will enable us to further develop our platform, as well as to expand into the US and UK markets where most of our customers are based'.

Web site: www.aylien.com .