CEPT Systems GmbH, a Vienna, Austria-based text processing technology startup, successfully secures a total of EUR 1.5 million in seed funding. The seed round backers include Reventon B.V (CZ) and Zirngast GmbH (AT).
The company has announced that it intends to use the secured funds to enter into the worldwide natural language processing market in 2014. Beginning with solutions for enterprise search and website search.
Started in 2011 by Francisco De Sousa Webber and Daniel Schreiber, CEPT systems is a science-based startup with its core mission to develop and commercialize a patent pending technology: the CEPT-Retina, which converts words into semantic fingerprints which then allows users to find certain documents based solely on their meaning.
From their website, they mention about the features thoroughly, "The first version of the CEPT-Retina allows the use of word-level semantic fingerprints. The CEPT-Retina will continue to evolve to extend the functions available at the word level but also to embrace successively the next levels (document fingerprints, user fingerprints and fingerprints of any entity that can be described with natural language). The CEPT-Retina is a language independent technology. It can be used in other languages, such as Spanish, German, French or Russian, etc."
Its first prototype which was developed in 2012, which was supported through funding from the Austrian government, verified and refined the theoretical concept.
Join the Conversation