AI is emerging strongly and offers benefits to various industries such as manufacturing, healthcare, automobile, software, etc. let alone fintech. It looks like it will be one of the most promising technologies in the coming years. AI has lots of subfields including machine learning and deep learning technologies and these are the buzzwords in the tech ecosystem right now.
Recently, the AI technology company Dashmote has secured US$2.8 million (€2.5M) in funding from a group of American and Chinese investors, including SP Investment Associates (SPIA), Three Curve Capital (TCC) and Gaomei Yunjing Investments.
This funding will help the Amsterdam-based scale-up to bring its data and image analytics solutions for enterprises to more and larger venues. The company will also use the fresh capital to expand its product portfolio
Dashmote – Headsup!
Founded in 2014 by Dennis Tan (CEO), Matthäus Schreder (CPO), and Stefan Tan (CFO, the applied A.I. Insight platform helps companies make complex decisions based on data gathered from images and text uploaded to the internet.
Every day, nearly 3 billion images are uploaded to the internet. Dashmote’s artificial intelligence technology is capable of analyzing these images and gain valuable insights.
With its SaaS-solution, Dashmote is already helping companies such as Heineken, Coca Cola, Unilever, and L’Oréal to understand their audience and assess the markets they will enter.
Notably, the company’s tool is used to discover market trends, operate an effective segmentation of the offer, and measure the audience engagement and sentiment.
Planning to open offices in the U.S. and Asia
Moreover, Dashmote is already profitable and will use the funding specifically to rapidly expand its footprint and double its team from 45 to 90. In addition to it, new offices are planned to open in the U.S. and Asia in the near future.
Dennis Tan, CEO and co-founder of Dashmote,said:
Our international group of investors will support our ambition to solidify our position in existing markets and to roll out to new markets. In addition to funds to grow our business, SPIA and Three Curve Capital, will also bring substantial experience as venture and growth investors and their vast network. It is important for us that Gaomei also joined this round, considering our current footprint and plans in the Chinese market
Stay tuned to Silicon Canals for more updates in the tech startup world.