Accern closes $20m Series B round

Accern, a NoCode NLP platform for financial services, has closed a $20m Series B round.

The round was co-led by Mighty Capital and Fusion Fund, alongside Tribe Capital, Viaduct Ventures, Shasta Ventures and Gaingels.

Accern said its NoCode NLP platform empowers domain experts and business analysts to extract the most accurate insights from massive streams of unstructured data, such as news, social media, industry reports and internal documents, within minutes. Accern offers pre-built AI/ML/NLP solutions to minimize time to value and maximize ROI for equity research, credit risk, M&A activity, ESG performance, insurance claims, fraud prevention, sanctions monitoring and more.

Kumesh Aroomoogan, co-founder and CEO of Accern, said that the funding will allow the company to scale sales and marketing.

Lu Zhang, founder and managing partner at Fusion Fund, said, “Accern is making it easy for non-technical users to leverage the latest AI/NLP technologies to extract insights from documents. This exponentially expands the reach of AI beyond data teams.”

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.