AI Academic Research Tool Startup Iris.ai Secures €7.64 Million in Series A Funding

Introduction

In the wave of artificial intelligence, academic research tools are undergoing an unprecedented transformation. On May 29, 2024, Iris.ai, an AI academic research tool startup based in Oslo, Norway, announced that it has successfully raised €7.64 million in Series A funding. This is not only a recognition of Iris.ai's technical strength but also an affirmation of the potential of AI applications in the field of academic research.

Funding Details

This round of financing was led by Silverline Capital, with the participation of the European Innovation Council (EIC) Accelerator Fund. The funds will be used to enhance the functionality of Iris.ai's main product, RSpace, improve tools for output factual accuracy, and further refine the research process to make the work of researchers in enterprises and universities more efficient.

Iris.ai's Vision

Founded in 2015 by Anita Schjøll Abildgaard, Victor Botev, and Jacobo Elosua, Iris.ai is committed to providing an AI engine for scientific text understanding. The company combines its proprietary scientific language models, machine learning models, and generative AI modules to reduce the phenomenon of hallucinations in scientific texts and accurately classify, locate, summarize, and systematize data and facts from academic papers, patents, and other technical or research documents.

Application Fields

Iris.ai's tools can provide research departments with the ability to quickly acquire scientific knowledge and transform it into actionable insights, especially suitable for a variety of research fields such as materials science, food science, medicine, biotechnology, agriculture, chemistry, automotive, and cosmetics.

Conclusion

With the continuous advancement of AI technology, the successful funding of Iris.ai heralds a future of academic research tools that will be more intelligent and efficient. This will not only greatly promote the progress of scientific research but also bring unprecedented convenience to researchers. Let us look forward to Iris.ai bringing more innovation and breakthroughs in the future.

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The above is the achievement of Iris.ai in Series A financing and its potential impact on the field of academic research. With the continuous development of AI technology, we have reason to believe that Iris.ai will play a more important role in the future.