AI start-up Aylien announces €2m investment and 70 new jobs
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AI start-up Aylien announces €2m investment and 70 new jobs

8 Nov 2017

Data science firm Aylien has announced 70 new hires and an additional €2m in funding.

Aylien, a data science company that produces machine learning methods for use in large-scale data analysis projects, has joyfully revealed today that it will add 70 new recruits to its Dublin team.

The announcement comes on the back of news that the start-up has received €2m in funding led by Atlantic Bridge University Fund, which invests in “entrepreneurs with the ambition to create world-class companies of scale”.

The funding round was also joined by existing investors SOSV and Enterprise Ireland.

Along with growing its Dublin team, Aylien will use the investment to secure its first hires in the US, expand its product offering and make these products available to more global enterprises.

The company is offering opportunities in software engineering, product management, sales and marketing.

Aylien was founded by Iran native Parsa Ghaffari, who first left Iran in 2010 to join an accelerator programme in China in the hopes of securing start-up funding. Ghaffari’s company closed its first round of funding (half a million euro) in 2011. Ghaffari then moved to Dublin with the help of Enterprise Ireland via its Start-Up Entrepreneur Programme.

Aylien’s tools are designed to help interpret large amounts of human-generated text using deep learning and advanced natural language processing. It currently works with international organisations such as Sony, Microsoft and Deloitte.

‘Pushing the boundaries of scientific research’

Aylien released its third product offering in 2017, a text analysis platform that allows its users to create custom text analysis models powered by the firm’s machine learning technologies. This accompanies the text analysis application programming interface (API) that the company released in 2014 and a new API launched in 2016.

Commenting on the announcement, Ghaffari said: “We have had a great year so far, with phenomenal growth in traction and team size, along with signing up key customers and pushing the boundaries of scientific research in natural language processing and deep learning.”

“We are proud to be backed by three of the most respected and forward-thinking institutional investors in Ireland, and we look forward to leveraging their knowledge, know-how and network to further expand and grow Aylien.”

Disclosure: SOSV is an investor in

Eva Short
By Eva Short

Eva Short was a journalist at Silicon Republic, specialising in the areas of tech, data privacy, business, cybersecurity, AI, automation and future of work, among others.

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