Airbridge Equity Partners (AEP) has acquired a minority stake in the German scale-up AX-Semantics, the fast-growing tech company from Stuttgart that developed Natural Language Generation (NLG) technology that automatically creates linguistically rich descriptions of insights found in data.
NLG platforms automatically convert structured data, such as that found in a database, an application or a live feed, into a text-based narrative. This makes the data more accessible for users by reading or listening, and therefore to comprehend.
AX Semantics’ AI-based SaaS platform writes copy content and commentary, based on structured data, in 110 languages. It can be purchased, onboarded and used in an entirely self-service manner at a department level, without needing IT support. AX Semantics has customers globally, with a strong presence in North America and Europe. They enable companies in consumer products, financial services, healthcare, media & entertainment and retail to generate written content faster, cheaper and better with the help of AI and automation.
The company is led by Saim Alkan and Robert Weissgraeber and AX-Semantics was listed as one of the five leading global NLG companies in the Gartner market guide for Natural Language Generation platforms in June 2019.