Citibeats, an emerging Spanish startup in the field of artificial intelligence, has sold part of its shares for €1.5 million.
It already operates globally, but the aim is to scale up internationally to consolidate its position as a benchmark company.
WHO IS CITIBEATS?
It is about the fastest and most efficient platform for social intelligence and speech analytics of the market.
It is Catalan, and it is based on natural language processing and machine-learning.
Citibeats converts unstructured data, and makes it possible to obtain relevant information in changing social contexts.
This enables public bodies and financial institutions to react more quickly and efficiently to the needs of citizens.
This occurs by analysing and interpreting any human-generated text data, in any language, structuring the information to make it actionable.
Thanks to this revolutionary solution, businesses and governments will be able to listen to and manage the voices of millions of people, helping them to detect potential risks, new needs or areas for improvement in real time.
CASE STUDIES
This adaptive social intelligence platform is already being used successfully in a number of cases related to, for example:
- Financial inclusion
- Detecting hate speech
- Identification of infrastructure damaged by natural disasters
- Monitoring of the UN Sustainable Development Goals.
It is worth noting that, in just two years since its launch, it has already successfully implemented more than 30 projects worldwide.
TRUST
Leading financial institutions in Spain, and various public bodies such as the Japanese Ministry of Infrastructure, City of Dublin, Tokyo Marine, already rely on the company's solution.
In addition, international partners such as NTT Data, Accenture and Telefónicaamong others.
SEVERAL AWARDS
Citibeats has won prestigious awards.
These include
- World Summit Awardsof the United Nations.
- COGxto the best Artificial Intelligence for governments.
- Open innovation Contest of NTT Data in Japan.
AMBITIOUS CHALLENGES
In mid-December, the firm has sold part of its shareholdings in a round valued at 1.4M€.
With it, it consolidates the confidence shown by its world-leading investors.
Citibeats has set itself the ambitious challenge of implementing impact projects in Latin America, Central America and the Caribbean.
It also intends to develop business solutions for financial and public sector companies in Europe, or to strengthen its presence in Japan.
Its idea is to become the standard solution for structuring citizen needs to help companies and organisations make better decisions in a responsible way.
OTHER RELEVANT ROUNDS IN THE SECTOR
WITRAC
The solutions of Witrac enable companies to increase efficiency and competitiveness.
It combines the power of smart devices with analytics platforms, providing useful and valuable information to maximise organisations.
Allows you to wirelessly identify, measure, locate, and control, anywhere in real time, any asset to suit your business needs..
Recently, this Valencian firm has sold part of its shareholding in a round valued in 3M€ for their growth.
FACEPHI
FacePhi is a company specialising in the development and commercialisation of facial recognition software.
It is listed on the MAB and is based in Alicante.
The company has advanced technology using several patented algorithms.
In September this year, Facephi sold part of its shares in a round. A sale for which it received 3.5M€.