Vilnius-based AI startup Repsense has secured nearly €1 million in funding from its existing investors. In a recent investment agreement, Iron Wolf Capital, Coinvest Capital, private angel investors, and Baltic Sandbox Ventures collectively contributed €800K. This follows Repsense’s €500K funding from the same investors in the previous year. Repsense aims to create a global platform for public information analysis with its next-gen text analysis tool. It serves various industries, including business and defense sectors. The “Adler model” by Repsense provides fast and accurate text analysis, with applications in business, public organizations, and state security.
Repsense aspires to create a global platform for public information analysis, a vision embraced by Mykolas Katkus, its co-founder and CEO. Their next-gen text analysis tool is gaining traction in various industries.
Viktorija Trimbel, Head of Coinvest Capital, noted the growing interest in dual-purpose technology startups like Repsense, which are finding applications in both business and defense sectors.
Žygimantas Susnis, Partner at Iron Wolf Capital, sees Repsense addressing a crucial gap in communication markets, driven by the potential of AI systems.
Repsense’s “Adler model” offers swift, high-quality text analysis with applications in business, public organizations, and state security. It plays a vital role in countering hostile propaganda and fake news, as highlighted by Alfredas Chmieliauskas, co-founder of Repsense.
Audrius Milinavičius, Partner at Baltic Sandbox Ventures, joined as an investor, impressed by Repsense’s deep tech solutions and expertise. Darius Antanaitis, a business angel investor, emphasized the importance of accurate information in decision-making, which Repsense provides.
Repsense tracks and evaluates public internet information, serving corporations, media monitoring firms, and communication agencies. Their collaboration with Kantar has introduced an integrated communication evaluation dashboard. Co-founded by Alfredas Chmieliauskas and Mykolas Katkus, Repsense continues to excel in AI and text analysis.
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Originally published on ArcticStartup : Original article