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Accern Raises $20 Million Series B Round to Accelerate Access to NoCode Natural Language Processing for Citizen Data Scientists

Accern, recognized as the leading NoCode NLP platform for AI breakthroughs, announced the close of its $20 million Series B round co-led by Mighty Capital and Fusion Fund, alongside Tribe Capital, Viaduct Ventures, Shasta Ventures and Gaingels.

“Accern has built the most advanced NoCode NLP platform for financial services with industry-leading accuracy scores. We’re excited to fuel their continued rapid growth, and our Products That Count platform composed of 300,000+ product managers are ideal targets for Accern as they focus on a product-led growth strategy,” said Jennifer Vancini, General Partner at Mighty Capital.

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Built for domain experts and business analysts, the Accern Solution with end-to-end AI/ML/NLP workflows can be deployed in minutes to deliver high impact insights for equity research, credit risk, M&A activity, ESG performance, insurance claims, fraud prevention, market intelligence, sanctions monitoring and more.

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

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“Our solution fuels innovation for enterprises by providing them with powerful insights for decision-making,” said Kumesh Aroomoogan, co-founder and CEO of Accern. “With this funding, we will scale sales and marketing to empower more citizen data scientists.”

The Accern NoCode NLP Platform includes pre-assembled data sets, pre-built taxonomies covering over 60,000 companies and 250 themes, 250 plus pre-trained, human-grade ML/NLP models, and pre-integrated dashboards.

“In addition to making it easy for citizen data scientists to access highly accurate pre-trained models, we also enable them to customize their own AI/NLP workflows by bringing their own documents, entities, themes, models, and downstream integrations,” added Anshul Vikram Pandey, Ph.D., co-founder and CTO.

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[To share your insights with us, please write to sghosh@martechseries.com]

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