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NeuralSpace Raises $1.7M to Unlock Natural Language Procesising for Low-Resource Languages

There are over 7,000 languages spoken globally but English has dominated the innovation and advancements in natural language processing, leaving a massive void for much of the world’s population and those that are building solutions for these audiences.  Languages spoken in Eastern Europe, India, Southeast Asia, Africa, and the Middle East are considered “low-resource languages”.   NeuralSpace is a startup that provides an interface and a suite of advanced functionality through APIs that bring natural language processing capabilities that will work with these often-neglected languages along with more common ones.  The platform recognizes intent, detect languages, transliterate, identify speakers in audio files, transcribe speech into text, and more.  NeuralSpace is a no-code web interface that can be used without any specialized machine learning or data science background. By eliminating the barrier of language with its seamless solution, the platform ensures that innovators can build truly global and borderless solutions for 6B individuals. London TechWatch caught up with NeuralSpace CEO and Cofounder Felix Laumann to learn more about the inspiration for the business, the company’s strategic plans, latest round of funding, which brings the total funding raised to $1.82M, and much, much more…

The Impact of AI-Enabled Smart Cities

“All kinds of automation are great, BUT a city is about satisfying the quality of life of its residents before everything. Integrated dashboards with AI and robots, and tech-supported decision makings are a life-long technical dream of all generations of urban professionals, engineers, architects, but most of the people would agree that there would not be worse governance than the one of scientist government. For the simple reason that humans are sensitive entities more than rational ones, highly unpredictable and so far never completely understood by any science.”

Kuano Raises £1M to Bring Advanced Technology to the Drug Development and Design Process

mRNA science has shown the power of using an operating system framework for drug discovery and development with the successful COVID vaccine developments from Pfizer and Moderna. Integrating technology into the drug design process introduces unparalleled speed and flexibility. Kuano is using AI, quantum chemistry, and medical science to focus on enzyme reactions, a key factor in drug development, to develop novel therapeutics. The company is able to model enzyme reactions with unprecedented specificity allowing the drug makers to acquire the building blocks for pharmaceuticals that will address some of our most pressing and challenging diseases. London TechWatch caught up with Cofounder and CEO Vid Stojevic to learn more about how the Kuano changes the paradigm of drug development, the company’s strategic plans, and recent round of funding from ACF Investors, o2h Ventures, and a syndicate of Cambridge, London and UK-based angel investors.

Reopening America with Intelligence in the Built Environment

As America celebrated this week its 245th year of Independence, New York City is beginning to show signs of liberation from the past year of Covid captivity. Even my landmark office skyscraper, The Empire State Building, recently loosened its pandemic mask and social distancing restrictions. Unfortunately, the bustling of Midtown suits is still far from […]

Forecast Raises $19M For its AI-Based Project Management Platform

Project management platforms are among one of the best investments that businesses can use to be competitive and increase productivity. While functionality and features vary from platform to platform, most project management tools focus on planning, resource allocations, time management, and change management. Forecast is an AI-powered project management platform that centralizes all projects, resources, accounting, collaboration, and business intelligence into a single location. The platform integrates a number of the most popular SaaS tools that businesses already using like GitHub, Google Drive, Asana, Okta, Jira, Excel, Quickbooks, Salesforces, Slack, and Trello. By integrating artificial intelligence, the platform is always learning and able to provide predictive estimates based on past historical projects resource management. Founded in 2016, Forecast has helped managed over 178,000 projects with 4M+ tasks. With the use of AI directly in the platform, customers have been able to reduce administrative work by as much as 50%. London TechWatch caught up with CEO and Cofounder Dennis Kayser to learn more about how a student project during university inspired the founding of the business, the benefits that AI is bringing to project management, the company’s latest round of funding from investors that include Balderton Capital, Crane Ventures Partners, SEED Capital, and Heartcore.

Synthesia Raises $12.5M for its AI-Powered Video Generation Platform

Last year, 92% of marketers said that video is an integral part of their marketing strategy.  The average person will spend 100 minutes every day in 2021 watching online videos according to a recent study. As organizations are investing in videos, startups are building platforms to support the process. Synthesia is an AI-powered video generation platform that saves enterprises up to 100x the cost and time of producing a video. The company leverages deep learning to simulate real videos and real actors without the need for costly infrastructure like camera crews, actors, cameras, studios, and a lengthy post-production process. Clients are able to produce professional-quality videos in minutes with a single API call and a few clicks.  The company is working on codifying the entire video generation process, where videos will be generated through code, offering unprecedented scalability and efficiency. London TechWatch caught up with Cofounder and CEO Victor Riparbelli to learn more about the future of video production, the company’s strategic plans, latest round of funding from investors that include FirstMark, Christian Bach, Michael Buckley, LDV Capital, MMC Ventures, Seedcamp, Mark Cuban, Taavet Hinrikus, Martin Varsavsky, and TinyVC.

Vivacity Labs Raises £5M to Help Improve Traffic Systems Using AI, Computer Vision, and ML

Intelligent transportation systems that use embedded technology in infrastructure and in connected vehicles are the future and will improve safety and mobility. In urban areas where there is limited land available for road expansion, managing traffic through technology is the only viable solution as interest for living in cities continues to soar. Vivacity Labs has built an AI-powered traffic signal system and network technology that reduces congestion, decreases pollution, increases vehicular, pedestrian, and cyclist safety, and provides municipalities with actionable data for urban planning. The company’s sensors and platform are designed with privacy in mind as all data is anonymized and cannot be used for nefarious purposes. London TechWatch caught up with CEO Mark Nicholson to learn more about how the company’s use of technology reimages our relationship with traffic as a society, the experience of building a startup whose customers are governments, the company’s future plans, and latest funding round from investors that include Mobeus, Downing Ventures, and London Co-Investment Fund.

Swapp Raises $7M for its End-to-End Construction Planning Platform Powered by AI

The use of technology is reshaping the construction industry today just as the introduction of specialized tools did in the past. With so many variables and moving parts in a typical construction, there’s always a risk for delays and these delays can be costly. Swapp is the AI-powered software solution that provides a centralized platform designed for the construction industry to create, manage and refine an end-to-end construction plan as circumstances change. Typical planning for a project can take anywhere between 9 months to a year; Swapp brings this down to a month. London TechWatch caught up with CEO, Cofounder, and serial entrepreneur Eitan Tsarfati to learn more about how his work at Autodesk Israel inspired this venture, the company’s future plans, and latest round of funding led by Point72 Ventures and Entrée Capital.

Deary Gives You a Daily Dose of Nostalgia by Turning Your Messages into Memories

Deary is the first app that uses AI to discover emotional sentiment in your chat-messages and transform them into a story. Deary brings people closer together by unlocking the human value in chat-messages and presents users with ‘Message Cards’ that contain a day’s worth of messages. London TechWatch chatted with Cofounder and CEO Federico Allegro to understand how navigating his long-distance relationship inspired the creation of Deary, the company’s experience building in London, and future plans.

Anything World Raises £500K To Let You Build 3D Worlds Using Your Voice

Don’t underestimate the power of your voice. One of the latest London startups to come out of Techstars and Ubisoft’s AI accelerator is Anything World, the no-code platform that allows creators to build 3D worlds simply using their voice. Anything World has a pre-built library of 500K+ 3D models for creatives to choose from, and its proprietary machine-learning algorithm can bring any static model to life through simple voice commands. Anything World integrates with Unity, Google Poly, and other platforms. The company is currently focused on scaling its integrations and recently launched a public Beta. London TechWatch caught up with CTO and Cofounder Gordon Midwood to learn more about the company, its plans to make integrated 3D experiences ubiquitous, and the company’s recent funding round.