Hu:toma, a Barcelona-based
start up working on conversational AIs powered by deep learning, announced
today the closing of $300000 in seed round funding. The company plans to use
the funding to develop an API ecosystem around their technology. The seed round
was led by Inveready Technology Investment Group with additional participation
from Startupbootcamp IoT & DataTech Barcelona and strategic angel investors
Roger Casals, former founder of PasswordBank, and Ian Collingwood co-founder of
Pollen.
Hu:toma helps companies reduce staffing costs by deploying
artificially intelligent programs that act and behave like their human
counterparts but are significantly cheaper and infinitely scalable in
comparison. Hu:toma utilizes a proprietary machine learning pipeline to autonomously
ingest unstructured information such as product info or chat logs and creates
AIs that can have meaningful conversations with end users via text or voice. Unlike
their competitors, Hu:toma AIs can assemble an answer on the fly by learning
from past conversations instead of just using pre-packaged answers.
“We believe that AIs will significantly help businesses stay
competitive and scale efficiently” says Dr. Maurizio Cibelli, Hutoma Founder
and CEO “and with Hu:toma companies will be able to deploy cloud-based digital
employees much like they deploy a computer in the cloud today.”
“The investment in Hu:toma is completely aligned with Inveready’s
culture, seeking for disruptive software solutions in two-digit growing
markets. We believe that Artificial Intelligence and Deep learning solutions
will become the next technology Platform in the near future.” says Roger Piqué,
Investment Director Inveready.
Founded in Nov 2015 by former Microsoft/Amazon tech leads, Hu:toma
joined Startupbootcamp Barcelona in Dec 2015 for an intense three months acceleration program that led to
commercial partnerships, great mentoring, and full funding few days after demo
day at Mobile World Congress 2016.
Hu:toma is now testing their API technology in a private beta
program with developers around the world.
About Hu:toma
Hu:toma (human automata), deploys artificially intelligent employees
to help companies efficiently scale customer facing roles. The company was
founded in Nov. 2015 by Dr. Maurizio Cibelli former machine learning
development manager at Amazon USA and senior technical lead at Microsoft
Seattle, and by Andrea Cibelli former tech assistant at University of Salerno
& Benevento (Italy).
About
Inveready
Inveready is one of the leading early-stage venture capital
companies in Spain, with five investment funds.
Inveready invests in technology companies with high growth potential and
innovative business models. Inveready has extensive experience in different
areas, with more than 70 portfolio companies that are leaders in their
respective sectors.
About
Startupbootcamp IOT & DataTech Barcelona
Startupbootcamp Internet of Things
(IoT) & Data Tech is the leading global startup accelerator delivering
unparalleled support, mentorship, and connections to world class startups
building disruptive solutions with connected devices and the immense associated
data these machines create. During the course of an intensive 3-month
acceleration program in Barcelona , our startups will work with mentors, partners
and investors to build the next generation of products, services and companies.
The program officially ends with a magnificent Demo Day at the 4YFN stage of
the Mobile World Congress.