Sentiance adds €10 million in funding led by Monchhichi PLC
The investment marks another significant milestone for Sentiance and allows the company to further invest in becoming the first industry agnostic AI (Artificial Intelligence) powered sensor platform for understanding and predicting human behavior.
Antwerp & New York – September 22, 2017 – Sentiance announced today it has secured €10 million in funding by Monchhichi PLC. The investment shortly follows the €8 million round led by Volta Ventures with co-investors KPN Ventures and Qbic in May 2017. “Our growth plan is clear” says Toon Vanparys, CEO of Sentiance, “Every company looking to build unique and personalized experiences for their clients’ needs to know that Sentiance can provide them with the right solution.”
“We are currently a team of 45 highly skilled data scientists and software engineers, specialized in machine learning, deep learning and signal processing at scale.” adds Frank Verbist, CTO of Sentiance. “We will grow this team to more than 80 by adding development hubs in different parts of the world.”
The company’s platform applies AI to analyse sensor data from mobile phones, wearables and other IoT gateways. It turns this raw sensor data into rich insights and predictions about how people go through their everyday lives. Clients use the Sentiance Platform to enrich their first-party customer data with real- world behavioural data. The Sentiance Platform powers a broad range of applications including world class telematics and driver scoring, personalised health coaching, real-time customer engagement and smart home products and services. Some of the world’s most innovative companies are adopting the Sentiance Platform to help them make their users’ lives safer, smarter, healthier and more convenient overall.
“Over the past year, we have witnessed first-hand the terrific progress Sentiance keeps making.” comments Simon Fry, Executive Chairman of Monchhichi PLC,” Their cutting edge technology is used and tested by a growing number of Fortune 100 companies in a broad range of verticals. The talented Sentiance team can now further accelerate their global deployment efforts. We look forward to proactively assisting them in their ambitious endeavours.”
“We are pleased to welcome Monchhichi to the Sentiance family as an additional cornerstone investor” adds Toon Vanparys, CEO of Sentiance “Through their financial backing as well as their extensive network we will be able to accelerate our technical and commercial expansion plans and further strengthen our growing market position”.
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Sentiance applies AI to allow devices and services to adapt to who people are and what they do. The AI-powered sensor platform is used in insurance, smart health, smart mobility, smart home, connected car, and commerce applications.
Sentiance was born in January 2015, has offices in Antwerp, New York, London, and Shanghai. As an enabling platform, Sentiance focuses on large innovation-driven companies and disruptors, as a partner and collaborator to drive transformational change. Sentiance core purpose is to become the AI-powered sensor platform for the Internet of You, leveraging our core expertise in behavioral analytics based on observed sensor data by assisting clients in building out deeper and more valuable relations with their end-customers.
Monchhichi (MCC.L) is a UK quoted company that focuses on making conviction investments/acquisitions in people, organizations and outstanding businesses with proven track records, industry validated market positions and clearly visible disruptive growth opportunities in the Technology, Media and Internet space globally.
For more please visit www.monchhichi.life