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.
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.
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).
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.