New Funds for Enterprise Data Firm DeepSee

In the US, enterprise data platform DeepSee.ai has raised $22.6m in a Series A round of funding, which it will use for product development and to expand the use of its platform to new markets and verticals.

DeepSee.ai offers access to a 'Knowledge Process Automation' (KPA) platform, which uses semantic modeling and natural language processing to mine unstructured data, and convert the results into insights leading to measurable operational improvements and efficiencies.

New funding has been led by ForgePoint Capital, with participation from previous investors AllegisCyber Capital and Signal Peak Ventures, and brings the total raised to date to $30.7m. ForgePoint MD Sean Cunningham (pictured) comments: 'Using KPA, executives can bridge data science and enterprise outcomes, operationalize AI/ML-powered automation at scale, and use predictive insights in real-time to grow revenue. This investment in DeepSee accelerates the ability to reduce risk with business automation and delivers much-needed AI transparency required by customers for implementation'.

Web site: www.deepsee.ai .