Belgian software startup Sentiance has secured a new €8 million round in funding to scale up its sensor analytics platform and accelerate the company’s growth in Asia and the United States. Sentiance provides automated real-time intelligence data from smartphones, connected devices, and wearables. The latest round of funding was led by Volta Ventures in conjunction with KPN Ventures, a co-VC investor in the company. Previous investors such as Samsung’s Catalyst Fund and Sentiance top management also contributed to the injection of capital. The extra funding will be used to further Sentiance’s goal to improve its platform and accelerate growth globally.
Furthering IOT Analytics and Machine Learning
The Sentiance machine learning platform uses deep learning to gather and analyse data from connected devices to provide detailed behavioral and contextual insights. Using machine learning algorithms the company turns data from internet of things (IOT) gateways such as mobile phones and wearables into valuable insights into user behavior. Clients using the Sentiance platform can then use its data to understand and predict customers lifestyles. Such powerful information helps to deliver highly personalized and context-aware experiences. As a result, the Sentiance platform now powers a range of applications that include driver scoring and class telematics. The human behaviour cognitive system also powers smart home products, personalized health programs, and customer engagement in real-time.