On May 29, 2024, the Oslo, Norway-based AI academic research tool startupIris.aiannounced that it has raised €7.64 million in Series A funding. The round was led by Silverline Capital, with participation from the European Innovation Council (EIC) Accelerator Fund.
The company plans to use the raised funds to enhance the capabilities of its main product RSpace, improve tools for output factual accuracy, and further improve the research process to make research work easier for researchers at enterprises and universities.
Iris.ai was founded in 2015 by Anita Schjøll Abildgaard, Victor Botev, and Jacobo Elosua. It provides a scientific text understanding AI engine that, by combining self-developed scientific language models and machine learning models, as well as generative AI modules, can reduce hallucinations in scientific texts and accurately classify, locate, summarize, and systematize data and facts from academic papers, patents, and all other technical or research documents. Iris.ai can provide research departments with tools that can quickly acquire scientific knowledge and transform it into actionable insights, especially in diverse research fields such as materials science, food science, medicine, biotechnology, agriculture, chemistry, automotive, and cosmetics.
(Source:Tech.eu）