The Omdena “Impact Tech Startups Series” comprises game-changing startups, stories, and thought-leadership pieces from leading impact ventures solving real-world problems.

In this segment, we focus on the impact that natural language processing (NLP) companies have on the AI landscape. The following top natural language processing companies can create change in our current lives. 

Introduction

NLP is the capability of a computer to interpret and understand human language, whether it is in a verbal or written format. As a subset of AI, NLP is emerging as a component that enables various applications in fields where customers can interact with a platform. These include search engines and data acquisition in medical research and the business intelligence realm. As computers can better understand humans, they will have the ability to gather the information to make better decision-making possible. 

What is an NLP Startup?

An NLP startup is a company that utilizes NLP applications as part of its business model to satisfy its target market. As an organization in the initial stages of operations, the NLP startup will usually be financed by its founders and subsequently be able to have access to additional external funding from a variety of sources, including venture capitalists. 

What are the benefits of NLP?

• Ease of use: NLP is a technology that enables AI interfaces between a computer and a human. NLP is represented by features such as a chatbot or even a human virtual assistant. The feature of the software is that it will be able to have a conversation with a human in a manner that is similar to a conversation between two humans. 
• User engagement: NLPs are often programmed in the native tongue of the customer, in an accent that they can comfortably understand. The interaction is intended to be seamless so that the customer will want to interact with the software some more. 
• Access to information: The NLP draws its responses from an intelligent knowledge management database and service management solution. With the readily available data, the organization can save time in decision-making. 

The future of NLP for Good

Moving beyond household applications, various social, environmental, and healthcare-related applications in the service industry are adapting to the benefits of NLP technology. Human-machine interactions are becoming a norm. Not just via voice-activated technologies such as Siri, Alexa, and Google, our lives can be improved by applying NLP in innovative ways and for problems that matter. As the following startups below show, NLP for Good applications can become the new norm. 

Top Natural Language Processing (NLP) Startups and Companies

The order does not follow a ranking.

1. Biologit

• Information: Biologit MLM-AI is an artificial intelligence-powered productivity platform developed by pharmacovigilance professionals faced with increasingly high volumes of scientific and medical abstracts and articles from literature.
• Country: Dublin, Dublin, Ireland
• Started: May 1, 2019
• Founders: Bruno Ohana, Nicole Baker
• Funding amounts: 1 million Euros 
• Applications or projects: Search Automation 

2. Ishield

• Information: Ishield is an AI assistant for inclusive brand communications that enables the creation of content and conversations that are free of unconscious bias and are representative of the diversity of your target audiences.
• Country: United States of America 
• Started: May 13, 2021
• Founders: KESAVAN KANCHI KANDADI
• Funding amounts: Private 
• Applications or projects: Inclusive Job Ads 

3. Vernai

• Information: V.E.R.N. is the state of the art for emotional technology. It’s truly cutting edge and represents the future of artificially intelligent systems that can interpret how users feel when interacting with a platform.
• Country: East Lansing, Michigan, United States
• Started: Apr 19, 2019
• Founders: Bryan Novak, Craig Tucker
• Funding amounts: Private 
• Applications or projects: Sentiment Analysis 

4. AI Palette

• Information: AI Palette provides product innovators in the food and beverage industry with an AI-powered predictive analytics system that spots emerging consumer trends. 
• Country: Singapore, Central Region, Singapore
• Started: Nov 8, 2018
• Founders: Himanshu Upreti, Somsubhra GanChoudhuri
• Funding amounts: Series A: $5.5 million
• Applications or projects: Flavour and Ingredient Innovation

5. Caliber Mind

• Information: CaliberMind provides a B2B customer data platform for revenue marketers.
• Country: Boulder, Colorado, United States
• Started: 2016
• Founders: Oren Zamir, Raviv Turner
• Funding amounts: Series A: $14.4 million 
• Applications or projects: B2B Best Practices 

6. Narrativa

• Information: Narrativa utilizes a machine learning-based artificial intelligence platform to build and deploy natural language solutions to automate content and optimize processes. 
• Country: Santa Monica, California, United States
• Started: Jun 1, 2015
• Founders: Antonio Moratilla, David Llorente, Eugenio Fernandez, Guy Hood
• Funding amounts: Series A: $3.2 million
• Applications or projects: The Future is NLG 

7. Ellipsis Health

• Information: Harnessing the human voice as a biomarker for mental health and wellbeing along with machine learning and AI, Ellipsis Health generates a clinical-grade assessment of the severity of anxiety and depression, as well as a sub-clinical evaluation of the severity of stress.
• Country: San Francisco, California, United States
• Started: 2017
• Founders: Dr. Michael Aratow, Mainul I, Mainul I Mondal, Susan Solinsky
• Funding amounts: Series A: $30 million 
• Applications or projects: Leading The Charge

8. Articolare

• Information: Articolare is an AI-powered software dedicated to improving the art of writing.
• Country: London, England
• Started: 2020
• Founders: Gordon McConnell 
• Funding amounts: –

9. Unbiased

• Information: Unbiased is aimed at building a complete user privacy-focused social platform which enables users to monetize their data and gain incentives.
• Country: Göteborg, Sweden
• Started: Oct 18, 2018
• Founders: Sukesh Kumar Tedla, Mahathi Poreddy
• Funding amounts: Private 
• Applications or projects: Innovations 

10. Mendel

• Information: Mendel transforms unstructured EMR data and clinical literature into the industry’s most comprehensive and compliant analytics-ready data.  
• Country: San Jose, California, United States
• Started: Feb 1, 2017
• Founders: Karim Galil, Ruchi Deshpande, Wael Salloum
• Funding amounts: Series B: $65.4 million 
• Applications or projects: Data Loss Minimization 

11. Gleematic

• Information: Gleematic is an AI platform that enables organizations to automate various processes in their organization. By automating repetitive tasks,  employees are free to work on more value-added activities.
• Country: Singapore, Central Region, Singapore
• Started: 2016
• Founders: Christopher Lim
• Funding amounts: Private
• Applications or projects: Cognitive Automation For Operations

12. Deep Discovery

• Information: Deep Discovery is in the business of unearthing information via vast data pools that are readily available on the internet. The information generated is often of national importance and involves discoveries that are often geopolitical.
• Country: San Francisco, California, United States
• Started: Aug 26, 2020
• Founders: Jeff Stein, Russell Jurney
• Funding amounts: $6.3 million
• Applications or projects: Business Graphs 

Related: NLP for Good 100: Leading Companies Applying Natural Language Processing for Positive Impact

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