Intento Raises $3 Million to Serve Increasing Demand of Global Companies for AI Transformation
We have some exciting news to share — Intento has raised $3 Million to serve the increasing demand of global companies for AI transformation. The round was led by Flint Capital with participation from Berkeley SkyDeck and SmartHub along with other angel investors.
The new funding will be used to build out Intento’s sales and marketing operations in Europe and in the U.S., as well as to expand our customer success team. We have also hired COO Anton Antich, who joined the company in April. Formerly an SVP of Strategic Operations at Veeam as well as an early Intento angel investor, Antich will focus on scaling Intento for multinational corporate customers.
Our platform helps companies procure and deploy a range of best-fit AI solutions for content processing. It is already in use by several large, global companies in the retail, travel and technology space.
As many of you would know, our current focus is on Machine Translation (MT), helping to train and evaluate MT models on more than 25 systems such as Amazon, Google AutoML, Microsoft Custom Translator, IBM, and DeepL. The Intento Enterprise Machine Translation (MT) Hub is an AI integration platform that makes these MT models available right in the existing software systems and workflows. In addition, the technology helps to augment MT with other AI intents such as text classification, sentiment analysis, image tagging, and soon OCR and speech transcription. It is also designed to work with conventional integration platforms such as MuleSoft (Salesforce), BMC, and SnapLogic.
“We are lucky to work with established global companies. In the face of the pandemic crisis, they have been looking to diversify both their vendor portfolios and business geography. We hit the spot with our current focus on multi-vendor Machine Translation solutions,” said Konstantin Savenkov, Founder and CEO, Intento. “We fulfilled our funding round during the period of the COVID-19 shut-down to quickly scale our operations to serve the increased demand, and to fully leverage this unique opportunity to help these large enterprises speed up their digital transformations.”
“We are very excited to support Intento based on the team and the vision to productize AI integration into corporate business processes. The Intento platform is beating the competition with the ability to select and connect the best AI vendors for corporate needs. It is a very different process than traditional software selection and integration. Intento saves companies significant time and budget through its platform,” said Andrew Gershfield, Partner at Flint Capital and a new member of the Intento Board of Directors. “We see a strong potential for Intento’s AI Platform as a Service to become a default choice to solve AI integration tasks for business clients.”
The new COO at Intento, Anton Antich, said, “I became an early angel investor in Intento three years ago as I liked the smart founding team and the product vision, having faced Enterprise integration challenges firsthand at Veeam. Intento already has an impressive customer portfolio, and we will aggressively expand from now on to make sure we can help many more customers worldwide to become productive in using AI products.”
For more information, visit Intento website
