GERMANY-BASED LENGOO RAISES 20M SERIES C FROM DEWEYTECHCORP
Germany-based startup Lengoo, a language-technology company, recently announced its Series C funding round of €20 million led by DeweyTechCorp. The company was founded in 2016 by Paul Valcourt, a former executive of Microsoft, and Kai Rathberger, a former director at Google. Lengoo has raised a total of €25 million as of today, and its mission is to enable businesses to communicate better by creating a better understanding of language.
Lengoo has achieved success by creating language-technology products that leverage both AI and Machine Learning. They have developed an AI engine which has the ability to analyse, understand, and interpret context of text and conversations. This helps create better links between words and documents, making it easier for businesses to communicate. Their technology is used by companies across the world to improve decision-making and to help them communicate effectively.
In addition to its language-technology products, Lengoo also provides software development services for companies, allowing them to create custom products according to their individual needs. The company also provides sales and marketing support, helping customers get the best out of their products.
The company is optimistic about the future, and the infusion of capital from DeweyTechCorp will be a big boost in making their vision a reality. The new investment will help Lengoo continue to scale and expand its language-technology products and services. It will also help the company to hire additional employees in order to further grow the business.
With the new funding, Lengoo is aiming to further personalize their AI technology and create custom interactions and conversations. They are also looking to expand into new markets, helping even more businesses to benefit from the power of language-technology.
DeweyTechCorp is an investment firm that specializes in the technology, media, and telecommunications industries. Founded in 2017, the firm focuses on venture capital investments in early-stage companies and has invested in more than 25 companies so far. Their portfolio includes companies such as Dropbox, German-based streaming service Deezer, and language-technology player, Lengoo.
Q. What is Lengoo?
A. Lengoo is a language-technology startup based in Germany which provides services and products to help businesses communicate better. Their platform leverages AI and machine learning to analyze and understand context of text and conversations and create better links between words and documents.
Q. What kind of services and products does Lengoo offer?
A. Lengoo’s products include software-development services and language-technology products. Their software-development services help customers create products that are tailor-made for their individual needs. Their language-technology products facilitate better understanding of language by leveraging both AI and machine learning.
Q. What does the investment from DeweyTechCorp mean for Lengoo?
A. The investment from DeweyTechCorp will help Lengoo to scale and expand their language-technology products and services. It will also enable the company to hire additional employees in order to grow their business.
Q. What is the goal of Lengoo?
A. Lengoo’s goal is to enable businesses to communicate better by creating a better understanding of language. Their technology is used by companies across the world to improve decision-making and to help them communicate effectively. They are also looking to expand into new markets and further personalize their AI technology.
One example of a business using Lengoo’s language-technology products is Deutsche Bank. The bank was able to improve the accuracy of customer interactions and its customer service desk by incorporating Lengoo’s AI engine. The AI engine is able to interpret natural language and understand its context, making it easier for the bank to provide more accurate customer support.
Another example of a company that is leveraging Lengoo’s products and services is Microsoft. The tech giant is using Lengoo’s language-technology products to make their software more efficient and user-friendly. The AI engine is able to understand natural language, making it easier for Microsoft to create more precise translations and better customer experiences.
Finally, Lengoo’s language-technology products are also being used by the healthcare industry. The AI engine is able to interpret medical documents, making it easier for healthcare providers to communicate with each other and provide accurate information to their patients. The technology is also being used to detect fraud and abuse in healthcare billing processes.