Utopia Analytics closes EUR 1.2M from Vendep to further develop a SAAS AI-based moderation tool.

Finland Investments 13 December 2017
Share on FacebookShare on Twitter

Utopia Analytics, a Helsinki, Finland-based startup working on a text analytics software tool, announced closing in an EUR 1.2M ($1.4M) investment funding round.

The money comes from Vendep Capital and Tekes, and will be used to take the company global.

Utopia Analytics, led by CEO Mari-Sanna Paukkeri, launched in 2016 a tool that provides fully automated real-time moderation, by saving a great deal of human moderation work.

The company does this with a scalable SaaS language service based on artificial intelligence and machine learning which does automatic processing, analysis and visualization of huge unstructured text corpora of any language. Utopia Analytics has customers in Finland, including Schibsted and Aller Media.