Neulogy Ventures recently invested in Ingen.io, a Wayra CEE accelerator graduate and newly listed Tech All Stars finalist. Ingen.io products provide an API service that creates additional context and surfaces named entities that are not explicitly mentioned but are part of the broader narrative within searched data. Ingen.io’s innovative Natural Language Processing product maps all possible relations between various entities and extracts hidden contextual information from any text in any language. Individual publishers, advertisers or companies in a media-related field are then able to derive additional value and insights.
Atanas Youroukov, an entrepreneur and founder of five different startups leads the Ingen.io team headquartered in Bratislava, Slovakia. Jaroslav Luptak, Neulogy Ventures investment manager who is in charge of the transaction explained, “We imported a great team from Bulgaria. It’s yet another sign that Bratislava is becoming a startup hub and the innovation ecosystem here is growing at an unprecedented pace.”
Ingen.io investment will be used to fully develop the product as well as to establish a strong base in Bratislava.