AAA Maluuba speaks investors’ language, raising $6m

Maluuba speaks investors’ language, raising $6m

Canada-based machine learning technology producer Maluuba, which counts electronics manufacturer Samsung as an investor, has secured C$9m ($6.4m) in a series A round featuring Emerillon Capital, Nautilus Ventures and undisclosed strategic investors.

Maluuba’s natural language technology has been deployed in more than 50 million devices, in the smartphone, smart TV and internet of things (IoT) sectors.

The technology helps machines solve language-understanding problems and provide interactive natural language and conversational dialogue features to users.

The capital will fund deep learning research and development, and product expansion in the automotive and IoT industries. Samsung provided $2m in seed funding to Maluuba in 2012 through its Samsung Ventures unit.

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