Neuralspace - Revision history

Manos at 22:15, 3 September 2022

2022-09-03T22:15:56Z

← Older revision		Revision as of 23:15, 3 September 2022
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			{{Cover Image\|[[File:Neuralspace Thesis cover image.jpg]]}}

	Natural Language Processing for languages spoken across Africa, the Middle East and India		Natural Language Processing for languages spoken across Africa, the Middle East and India

Manos at 20:35, 14 August 2022

2022-08-14T20:35:42Z

← Older revision		Revision as of 21:35, 14 August 2022
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	~~== Summary ==~~

	Natural Language Processing for languages spoken across Africa, the Middle East and India		Natural Language Processing for languages spoken across Africa, the Middle East and India

103.126.60.198 at 13:31, 14 August 2022

2022-08-14T13:31:25Z

← Older revision		Revision as of 14:31, 14 August 2022
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			== Summary ==

	Natural Language Processing for languages spoken across Africa, the Middle East and India		Natural Language Processing for languages spoken across Africa, the Middle East and India

Line 73:		Line 75:
	[[Category:Thesis]]		[[Category:Thesis]]
	[[Category:Equities]]		[[Category:Equities]]

			__INDEX__

109.180.50.163 at 13:14, 14 August 2022

2022-08-14T13:14:12Z

← Older revision		Revision as of 14:14, 14 August 2022
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	Natural Language Processing for languages spoken across Africa, the Middle East and India		Natural Language Processing for languages spoken across Africa, the Middle East and India

	~~'''About NeuralSpace~~:~~'''~~		== Summary<ref name=":0">Source: the company.</ref> ==

	The NeuralSpace Platform is a low-code SaaS solution for software developers to build NLP applications in more than 55 languages.		The NeuralSpace Platform is a low-code SaaS solution for software developers to build NLP applications in more than 55 languages.

	The company graduated from Techstars in April 2021 and its team encompasses 10 computer scientists who have published more than 20 academic papers in AI and NLP.		The company graduated from Techstars in April 2021 and its team encompasses 10 computer scientists who have published more than 20 academic papers in AI and NLP.

	~~'''NeuralSpace’s vision:'''~~

	The NeuralSpace Platform will be the go-to solution for any software that requires NLP capabilities in languages spoken across Africa, the Middle East and India.		The NeuralSpace Platform will be the go-to solution for any software that requires NLP capabilities in languages spoken across Africa, the Middle East and India.

	~~'''Status on current round:'''~~

	Seeking to raise £650k for an 18-month runway, of which £200k is committed.		Seeking to raise £650k for an 18-month runway, of which £200k is committed.
Line 17:		Line 12:
	<youtube>n_KKdKWAjQk</youtube>		<youtube>n_KKdKWAjQk</youtube>

	==Investment Interview==		==Investment Interview<ref name=":0" />==

	'''Explain what your venture does.'''		'''Explain what your venture does.'''
Line 74:		Line 69:

	US$ 50k ARR secured until 2023 - 5 companies in early-access programme for SaaS platform starting on 30 April (free for first month, then converting into MRR of > US$ 500 per company).		US$ 50k ARR secured until 2023 - 5 companies in early-access programme for SaaS platform starting on 30 April (free for first month, then converting into MRR of > US$ 500 per company).

			== References and notes ==
	[[Category:Thesis]]		[[Category:Thesis]]
	[[Category:Equities]]		[[Category:Equities]]

109.180.50.163: Undo revision 28456 by 109.180.50.163 (talk)

2022-08-14T13:13:30Z

Undo revision 28456 by 109.180.50.163 (talk)

← Older revision		Revision as of 14:13, 14 August 2022
Line 1:		Line 1:
	~~== Summary ==~~		Natural Language Processing for languages spoken across Africa, the Middle East and India

	~~Natural Language Processing for languages spoken across Africa, the Middle East and India~~'''About NeuralSpace:'''The NeuralSpace Platform is a low-code SaaS solution for software developers to build NLP applications in more than 55 languages.The company graduated from Techstars in April 2021 and its team encompasses 10 computer scientists who have published more than 20 academic papers in AI and NLP.'''NeuralSpace’s vision:'''The NeuralSpace Platform will be the go-to solution for any software that requires NLP capabilities in languages spoken across Africa, the Middle East and India.'''Status on current round:'''Seeking to raise £650k for an 18-month runway, of which £200k is committed.<youtube>n_KKdKWAjQk</youtube>==Investment Interview=='''Explain what your venture does.'''NeuralSpace is a Natural Language Processing (NLP) company specialising in languages spoken across Asia, the Middle East and Africa. Our SaaS platform is your one-stop solution for any NLP features, does not require any data science expertise, and you only need a handful of data to train your custom solution.'''What stage is your business?'''Sales (Seed).'''Describe your advisers.'''IVMS (Marla Shapiro, Ashley Unitt), Techstars (Sami Abou Saab, Paurush Sonkar, Vijay Tirathrai).'''Give an overview of your startup's financing history.'''Pre-seed investment by Techstars (6% equity for US$ 20k as convertible equity, US$ 100k as convertible note with valuation cap of US$ 3 million) Product sale to Reverie Language Technologies (part of Reliance Jio) of ARR US$ 50k from 2019 to 2023.'''Explain the ownership structure of your company.'''Equal amount of shares owned by three co-founders (25% each), 15% reserved for employees (ESOP), ~9% of shares owned by Techstars once convertible note is converted.'''How many employees do you have?'''3 Founders 1 Chief Revenue Officer 2 ML Engineers 2 Applied Research Scientists 1 Operations Manager 1 Web Developer 4 Interns.'''How much money are you seeking to raise in the current round?'''US$ 700k.'''Do you have any existing commitments to the current round?'''US$ 250k-300k (soft commitment at valuation cap of US$ 6-8 million).'''Explain why you are raising finance.'''Expansion plans for the revenue and product departments (growing to US$ 4 million ARR in 2022) - Expansion plans in India and MENA (1 Regional Head of Sales, 4 Sales Managers, 1 Chief Solution Engineer, 4 Solution Engineers, 1 Marketing Manager, 1 Research Scientist) - Runway: November 2022.'''Please explain the history of your venture.'''NeuralSpace started as a student project of the three co-founders who were all Engineering and Computer Science students 4 years ago (in Germany and Denmark). We saw chatbots being the "new cool thing" and wanted to evaluate how well they perform in various languages spoken across India. Using existing solutions (rather code found on GitHub), we quickly realised that these Indian languages have much smaller data sets compared to high-resource languages such as English, Spanish, French, etc. and the existing solutions are not data-efficient enough to be used for Indian languages. This led to the first steps on the development of our core technology. Then, the founding team moved into different geographies (London, Zurich, Montreal), but continued thinking how chatbots and other NLP solutions can be used in Indian languages, or broadly speaking low-resource languages. At that time, the CEO, Felix, started to regularly attend Expert-in- Residence sessions at the E-lab, participated in other events and took part in the IVMS and MBA Connect programmes. Now, the CTO, Ayushman, moved back to India, works full-time for NeuralSpace and has built up a development team in India with highly qualified, research-driven individuals.'''Please explain the longer term, future vision for the Company'''NeuralSpace wants to be the go-to solution for software developers to build any kind of NLP solutions in whatever language they need it.'''Explain the core technologies and/or service propositions of your venture.'''NeuralSpace's core technology enables NLP solutions to achieve accuracies of 90-95% in many applications and languages. This is considerably higher than competitors, for example IBM (link below). The core technology is very data-efficient and has low computations costs. IBM accuracy for NLP in Indian languages: https://timesofindia.indiatimes.com/blogs/the-interviews- blog/accuracy-in-ai-is-a-function-of-availability-of-quality-data-building-nlp-tools-for-low-resource-indian-languages-is-hard/'''Does your commercial strategy rely on intellectual property assets?'''Partly. The core technology is our IP that gives us a competitive advantage. However, our SaaS platform has a marketplace included where solutions can be re-sold. While it is not too difficult to build such a marketplace, it is nearly impossible to copy the content of it. We plan to have a community that actively contributes to this marketplace and can co-sell their solutions there.'''What commercial progress have you made?'''US$ 50k ARR secured until 2023 - 5 companies in early-access programme for SaaS platform starting on 30 April (free for first month, then converting into MRR of > US$ 500 per company).[[Category:Thesis]][[Category:Equities]]		'''About NeuralSpace:'''

			The NeuralSpace Platform is a low-code SaaS solution for software developers to build NLP applications in more than 55 languages.

			The company graduated from Techstars in April 2021 and its team encompasses 10 computer scientists who have published more than 20 academic papers in AI and NLP.

			'''NeuralSpace’s vision:'''

			The NeuralSpace Platform will be the go-to solution for any software that requires NLP capabilities in languages spoken across Africa, the Middle East and India.

			'''Status on current round:'''

			Seeking to raise £650k for an 18-month runway, of which £200k is committed.

			<youtube>n_KKdKWAjQk</youtube>

			==Investment Interview==

			'''Explain what your venture does.'''

			NeuralSpace is a Natural Language Processing (NLP) company specialising in languages spoken across Asia, the Middle East and Africa. Our SaaS platform is your one-stop solution for any NLP features, does not require any data science expertise, and you only need a handful of data to train your custom solution.

			'''What stage is your business?'''

			Sales (Seed).

			'''Describe your advisers.'''

			IVMS (Marla Shapiro, Ashley Unitt), Techstars (Sami Abou Saab, Paurush Sonkar, Vijay Tirathrai).

			'''Give an overview of your startup's financing history.'''

			Pre-seed investment by Techstars (6% equity for US$ 20k as convertible equity, US$ 100k as convertible note with valuation cap of US$ 3 million) Product sale to Reverie Language Technologies (part of Reliance Jio) of ARR US$ 50k from 2019 to 2023.

			'''Explain the ownership structure of your company.'''

			Equal amount of shares owned by three co-founders (25% each), 15% reserved for employees (ESOP), ~9% of shares owned by Techstars once convertible note is converted.

			'''How many employees do you have?'''

			3 Founders 1 Chief Revenue Officer 2 ML Engineers 2 Applied Research Scientists 1 Operations Manager 1 Web Developer 4 Interns.

			'''How much money are you seeking to raise in the current round?'''

			US$ 700k.

			'''Do you have any existing commitments to the current round?'''

			US$ 250k-300k (soft commitment at valuation cap of US$ 6-8 million).

			'''Explain why you are raising finance.'''

			Expansion plans for the revenue and product departments (growing to US$ 4 million ARR in 2022) - Expansion plans in India and MENA (1 Regional Head of Sales, 4 Sales Managers, 1 Chief Solution Engineer, 4 Solution Engineers, 1 Marketing Manager, 1 Research Scientist) - Runway: November 2022.

			'''Please explain the history of your venture.'''

			NeuralSpace started as a student project of the three co-founders who were all Engineering and Computer Science students 4 years ago (in Germany and Denmark). We saw chatbots being the "new cool thing" and wanted to evaluate how well they perform in various languages spoken across India. Using existing solutions (rather code found on GitHub), we quickly realised that these Indian languages have much smaller data sets compared to high-resource languages such as English, Spanish, French, etc. and the existing solutions are not data-efficient enough to be used for Indian languages. This led to the first steps on the development of our core technology. Then, the founding team moved into different geographies (London, Zurich, Montreal), but continued thinking how chatbots and other NLP solutions can be used in Indian languages, or broadly speaking low-resource languages. At that time, the CEO, Felix, started to regularly attend Expert-in- Residence sessions at the E-lab, participated in other events and took part in the IVMS and MBA Connect programmes. Now, the CTO, Ayushman, moved back to India, works full-time for NeuralSpace and has built up a development team in India with highly qualified, research-driven individuals.

			'''Please explain the longer term, future vision for the Company'''

			NeuralSpace wants to be the go-to solution for software developers to build any kind of NLP solutions in whatever language they need it.

			'''Explain the core technologies and/or service propositions of your venture.'''

			NeuralSpace's core technology enables NLP solutions to achieve accuracies of 90-95% in many applications and languages. This is considerably higher than competitors, for example IBM (link below). The core technology is very data-efficient and has low computations costs. IBM accuracy for NLP in Indian languages: https://timesofindia.indiatimes.com/blogs/the-interviews- blog/accuracy-in-ai-is-a-function-of-availability-of-quality-data-building-nlp-tools-for-low-resource-indian-languages-is-hard/

			'''Does your commercial strategy rely on intellectual property assets?'''

			Partly. The core technology is our IP that gives us a competitive advantage. However, our SaaS platform has a marketplace included where solutions can be re-sold. While it is not too difficult to build such a marketplace, it is nearly impossible to copy the content of it. We plan to have a community that actively contributes to this marketplace and can co-sell their solutions there.

			'''What commercial progress have you made?'''

			US$ 50k ARR secured until 2023 - 5 companies in early-access programme for SaaS platform starting on 30 April (free for first month, then converting into MRR of > US$ 500 per company).
			[[Category:Thesis]]
			[[Category:Equities]]

109.180.50.163 at 14:19, 13 August 2022

2022-08-13T14:19:31Z

← Older revision		Revision as of 15:19, 13 August 2022
Line 1:		Line 1:
	~~Natural Language Processing for languages spoken across Africa, the Middle East and India~~		== Summary ==

	'''About NeuralSpace:'''		Natural Language Processing for languages spoken across Africa, the Middle East and India'''About NeuralSpace:'''The NeuralSpace Platform is a low-code SaaS solution for software developers to build NLP applications in more than 55 languages.The company graduated from Techstars in April 2021 and its team encompasses 10 computer scientists who have published more than 20 academic papers in AI and NLP.'''NeuralSpace’s vision:'''The NeuralSpace Platform will be the go-to solution for any software that requires NLP capabilities in languages spoken across Africa, the Middle East and India.'''Status on current round:'''Seeking to raise £650k for an 18-month runway, of which £200k is committed.<youtube>n_KKdKWAjQk</youtube>==Investment Interview=='''Explain what your venture does.'''NeuralSpace is a Natural Language Processing (NLP) company specialising in languages spoken across Asia, the Middle East and Africa. Our SaaS platform is your one-stop solution for any NLP features, does not require any data science expertise, and you only need a handful of data to train your custom solution.'''What stage is your business?'''Sales (Seed).'''Describe your advisers.'''IVMS (Marla Shapiro, Ashley Unitt), Techstars (Sami Abou Saab, Paurush Sonkar, Vijay Tirathrai).'''Give an overview of your startup's financing history.'''Pre-seed investment by Techstars (6% equity for US$ 20k as convertible equity, US$ 100k as convertible note with valuation cap of US$ 3 million) Product sale to Reverie Language Technologies (part of Reliance Jio) of ARR US$ 50k from 2019 to 2023.'''Explain the ownership structure of your company.'''Equal amount of shares owned by three co-founders (25% each), 15% reserved for employees (ESOP), ~9% of shares owned by Techstars once convertible note is converted.'''How many employees do you have?'''3 Founders 1 Chief Revenue Officer 2 ML Engineers 2 Applied Research Scientists 1 Operations Manager 1 Web Developer 4 Interns.'''How much money are you seeking to raise in the current round?'''US$ 700k.'''Do you have any existing commitments to the current round?'''US$ 250k-300k (soft commitment at valuation cap of US$ 6-8 million).'''Explain why you are raising finance.'''Expansion plans for the revenue and product departments (growing to US$ 4 million ARR in 2022) - Expansion plans in India and MENA (1 Regional Head of Sales, 4 Sales Managers, 1 Chief Solution Engineer, 4 Solution Engineers, 1 Marketing Manager, 1 Research Scientist) - Runway: November 2022.'''Please explain the history of your venture.'''NeuralSpace started as a student project of the three co-founders who were all Engineering and Computer Science students 4 years ago (in Germany and Denmark). We saw chatbots being the "new cool thing" and wanted to evaluate how well they perform in various languages spoken across India. Using existing solutions (rather code found on GitHub), we quickly realised that these Indian languages have much smaller data sets compared to high-resource languages such as English, Spanish, French, etc. and the existing solutions are not data-efficient enough to be used for Indian languages. This led to the first steps on the development of our core technology. Then, the founding team moved into different geographies (London, Zurich, Montreal), but continued thinking how chatbots and other NLP solutions can be used in Indian languages, or broadly speaking low-resource languages. At that time, the CEO, Felix, started to regularly attend Expert-in- Residence sessions at the E-lab, participated in other events and took part in the IVMS and MBA Connect programmes. Now, the CTO, Ayushman, moved back to India, works full-time for NeuralSpace and has built up a development team in India with highly qualified, research-driven individuals.'''Please explain the longer term, future vision for the Company'''NeuralSpace wants to be the go-to solution for software developers to build any kind of NLP solutions in whatever language they need it.'''Explain the core technologies and/or service propositions of your venture.'''NeuralSpace's core technology enables NLP solutions to achieve accuracies of 90-95% in many applications and languages. This is considerably higher than competitors, for example IBM (link below). The core technology is very data-efficient and has low computations costs. IBM accuracy for NLP in Indian languages: https://timesofindia.indiatimes.com/blogs/the-interviews- blog/accuracy-in-ai-is-a-function-of-availability-of-quality-data-building-nlp-tools-for-low-resource-indian-languages-is-hard/'''Does your commercial strategy rely on intellectual property assets?'''Partly. The core technology is our IP that gives us a competitive advantage. However, our SaaS platform has a marketplace included where solutions can be re-sold. While it is not too difficult to build such a marketplace, it is nearly impossible to copy the content of it. We plan to have a community that actively contributes to this marketplace and can co-sell their solutions there.'''What commercial progress have you made?'''US$ 50k ARR secured until 2023 - 5 companies in early-access programme for SaaS platform starting on 30 April (free for first month, then converting into MRR of > US$ 500 per company).[[Category:Thesis]][[Category:Equities]]

	The NeuralSpace Platform is a low-code SaaS solution for software developers to build NLP applications in more than 55 languages.

	The company graduated from Techstars in April 2021 and its team encompasses 10 computer scientists who have published more than 20 academic papers in AI and NLP.

	'''NeuralSpace’s vision:'''

	The NeuralSpace Platform will be the go-to solution for any software that requires NLP capabilities in languages spoken across Africa, the Middle East and India.

	'''Status on current round:'''

	Seeking to raise £650k for an 18-month runway, of which £200k is committed.

	<youtube>n_KKdKWAjQk</youtube>

	==Investment Interview==

	'''Explain what your venture does.'''

	NeuralSpace is a Natural Language Processing (NLP) company specialising in languages spoken across Asia, the Middle East and Africa. Our SaaS platform is your one-stop solution for any NLP features, does not require any data science expertise, and you only need a handful of data to train your custom solution.

	'''What stage is your business?'''

	Sales (Seed).

	'''Describe your advisers.'''

	IVMS (Marla Shapiro, Ashley Unitt), Techstars (Sami Abou Saab, Paurush Sonkar, Vijay Tirathrai).

	'''Give an overview of your startup's financing history.'''

	Pre-seed investment by Techstars (6% equity for US$ 20k as convertible equity, US$ 100k as convertible note with valuation cap of US$ 3 million) Product sale to Reverie Language Technologies (part of Reliance Jio) of ARR US$ 50k from 2019 to 2023.

	'''Explain the ownership structure of your company.'''

	Equal amount of shares owned by three co-founders (25% each), 15% reserved for employees (ESOP), ~9% of shares owned by Techstars once convertible note is converted.

	'''How many employees do you have?'''

	3 Founders 1 Chief Revenue Officer 2 ML Engineers 2 Applied Research Scientists 1 Operations Manager 1 Web Developer 4 Interns.

	'''How much money are you seeking to raise in the current round?'''

	US$ 700k.

	'''Do you have any existing commitments to the current round?'''

	US$ 250k-300k (soft commitment at valuation cap of US$ 6-8 million).

	'''Explain why you are raising finance.'''

	Expansion plans for the revenue and product departments (growing to US$ 4 million ARR in 2022) - Expansion plans in India and MENA (1 Regional Head of Sales, 4 Sales Managers, 1 Chief Solution Engineer, 4 Solution Engineers, 1 Marketing Manager, 1 Research Scientist) - Runway: November 2022.

	'''Please explain the history of your venture.'''

	NeuralSpace started as a student project of the three co-founders who were all Engineering and Computer Science students 4 years ago (in Germany and Denmark). We saw chatbots being the "new cool thing" and wanted to evaluate how well they perform in various languages spoken across India. Using existing solutions (rather code found on GitHub), we quickly realised that these Indian languages have much smaller data sets compared to high-resource languages such as English, Spanish, French, etc. and the existing solutions are not data-efficient enough to be used for Indian languages. This led to the first steps on the development of our core technology. Then, the founding team moved into different geographies (London, Zurich, Montreal), but continued thinking how chatbots and other NLP solutions can be used in Indian languages, or broadly speaking low-resource languages. At that time, the CEO, Felix, started to regularly attend Expert-in- Residence sessions at the E-lab, participated in other events and took part in the IVMS and MBA Connect programmes. Now, the CTO, Ayushman, moved back to India, works full-time for NeuralSpace and has built up a development team in India with highly qualified, research-driven individuals.

	'''Please explain the longer term, future vision for the Company'''

	NeuralSpace wants to be the go-to solution for software developers to build any kind of NLP solutions in whatever language they need it.

	'''Explain the core technologies and/or service propositions of your venture.'''

	NeuralSpace's core technology enables NLP solutions to achieve accuracies of 90-95% in many applications and languages. This is considerably higher than competitors, for example IBM (link below). The core technology is very data-efficient and has low computations costs. IBM accuracy for NLP in Indian languages: https://timesofindia.indiatimes.com/blogs/the-interviews- blog/accuracy-in-ai-is-a-function-of-availability-of-quality-data-building-nlp-tools-for-low-resource-indian-languages-is-hard/

	'''Does your commercial strategy rely on intellectual property assets?'''

	Partly. The core technology is our IP that gives us a competitive advantage. However, our SaaS platform has a marketplace included where solutions can be re-sold. While it is not too difficult to build such a marketplace, it is nearly impossible to copy the content of it. We plan to have a community that actively contributes to this marketplace and can co-sell their solutions there.

	'''What commercial progress have you made?'''

	US$ 50k ARR secured until 2023 - 5 companies in early-access programme for SaaS platform starting on 30 April (free for first month, then converting into MRR of > US$ 500 per company).
	[[Category:Thesis]]
	[[Category:Equities]]

>Louis at 17:02, 22 July 2022

2022-07-22T17:02:26Z

← Older revision		Revision as of 18:02, 22 July 2022
Line 74:		Line 74:

	US$ 50k ARR secured until 2023 - 5 companies in early-access programme for SaaS platform starting on 30 April (free for first month, then converting into MRR of > US$ 500 per company).		US$ 50k ARR secured until 2023 - 5 companies in early-access programme for SaaS platform starting on 30 April (free for first month, then converting into MRR of > US$ 500 per company).
			[[Category:Thesis]]
			[[Category:Equities]]

>Philip at 12:17, 17 May 2022

2022-05-17T12:17:38Z

← Older revision		Revision as of 13:17, 17 May 2022
Line 15:		Line 15:
	Seeking to raise £650k for an 18-month runway, of which £200k is committed.		Seeking to raise £650k for an 18-month runway, of which £200k is committed.

	<~~html~~>		<youtube>n_KKdKWAjQk</youtube>
	<~~iframe width="560" height="315" src="https:/~~/~~www.~~youtube~~.com/embed/n_KKdKWAjQk" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>~~
	~~</html~~>

	==Investment Interview==		==Investment Interview==

>Sarah: Created page with "Natural Language Processing for languages spoken across Africa, the Middle East and India '''About NeuralSpace:''' The NeuralSpace Platform is a low-code SaaS solution for software developers to build NLP applications in more than 55 languages. The company graduated from Techstars in April 2021 and its team encompasses 10 computer scientists who have published more than 20 academic papers in AI and NLP. '''NeuralSpace’s vision:''' The NeuralSpace Platform will be..."

2022-03-06T12:46:18Z

Created page with "Natural Language Processing for languages spoken across Africa, the Middle East and India '''About NeuralSpace:''' The NeuralSpace Platform is a low-code SaaS solution for software developers to build NLP applications in more than 55 languages. The company graduated from Techstars in April 2021 and its team encompasses 10 computer scientists who have published more than 20 academic papers in AI and NLP. '''NeuralSpace’s vision:''' The NeuralSpace Platform will be..."

New page

Natural Language Processing for languages spoken across Africa, the Middle East and India

'''About NeuralSpace:'''

The NeuralSpace Platform is a low-code SaaS solution for software developers to build NLP applications in more than 55 languages.

The company graduated from Techstars in April 2021 and its team encompasses 10 computer scientists who have published more than 20 academic papers in AI and NLP.

'''NeuralSpace’s vision:'''

The NeuralSpace Platform will be the go-to solution for any software that requires NLP capabilities in languages spoken across Africa, the Middle East and India.

'''Status on current round:'''

Seeking to raise £650k for an 18-month runway, of which £200k is committed.

<html>
<iframe width="560" height="315" src="https://www.youtube.com/embed/n_KKdKWAjQk" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
</html>

==Investment Interview==

'''Explain what your venture does.'''

NeuralSpace is a Natural Language Processing (NLP) company specialising in languages spoken across Asia, the Middle East and Africa. Our SaaS platform is your one-stop solution for any NLP features, does not require any data science expertise, and you only need a handful of data to train your custom solution.

'''What stage is your business?'''

Sales (Seed).

'''Describe your advisers.'''

IVMS (Marla Shapiro, Ashley Unitt), Techstars (Sami Abou Saab, Paurush Sonkar, Vijay Tirathrai).

'''Give an overview of your startup's financing history.'''

Pre-seed investment by Techstars (6% equity for US$ 20k as convertible equity, US$ 100k as convertible note with valuation cap of US$ 3 million) Product sale to Reverie Language Technologies (part of Reliance Jio) of ARR US$ 50k from 2019 to 2023.

'''Explain the ownership structure of your company.'''

Equal amount of shares owned by three co-founders (25% each), 15% reserved for employees (ESOP), ~9% of shares owned by Techstars once convertible note is converted.

'''How many employees do you have?'''

3 Founders 1 Chief Revenue Officer 2 ML Engineers 2 Applied Research Scientists 1 Operations Manager 1 Web Developer 4 Interns.

'''How much money are you seeking to raise in the current round?'''

US$ 700k.

'''Do you have any existing commitments to the current round?'''

US$ 250k-300k (soft commitment at valuation cap of US$ 6-8 million).

'''Explain why you are raising finance.'''

Expansion plans for the revenue and product departments (growing to US$ 4 million ARR in 2022) - Expansion plans in India and MENA (1 Regional Head of Sales, 4 Sales Managers, 1 Chief Solution Engineer, 4 Solution Engineers, 1 Marketing Manager, 1 Research Scientist) - Runway: November 2022.

'''Please explain the history of your venture.'''

NeuralSpace started as a student project of the three co-founders who were all Engineering and Computer Science students 4 years ago (in Germany and Denmark). We saw chatbots being the "new cool thing" and wanted to evaluate how well they perform in various languages spoken across India. Using existing solutions (rather code found on GitHub), we quickly realised that these Indian languages have much smaller data sets compared to high-resource languages such as English, Spanish, French, etc. and the existing solutions are not data-efficient enough to be used for Indian languages. This led to the first steps on the development of our core technology. Then, the founding team moved into different geographies (London, Zurich, Montreal), but continued thinking how chatbots and other NLP solutions can be used in Indian languages, or broadly speaking low-resource languages. At that time, the CEO, Felix, started to regularly attend Expert-in- Residence sessions at the E-lab, participated in other events and took part in the IVMS and MBA Connect programmes. Now, the CTO, Ayushman, moved back to India, works full-time for NeuralSpace and has built up a development team in India with highly qualified, research-driven individuals.

'''Please explain the longer term, future vision for the Company'''

NeuralSpace wants to be the go-to solution for software developers to build any kind of NLP solutions in whatever language they need it.

'''Explain the core technologies and/or service propositions of your venture.'''

NeuralSpace's core technology enables NLP solutions to achieve accuracies of 90-95% in many applications and languages. This is considerably higher than competitors, for example IBM (link below). The core technology is very data-efficient and has low computations costs. IBM accuracy for NLP in Indian languages: https://timesofindia.indiatimes.com/blogs/the-interviews- blog/accuracy-in-ai-is-a-function-of-availability-of-quality-data-building-nlp-tools-for-low-resource-indian-languages-is-hard/

'''Does your commercial strategy rely on intellectual property assets?'''

Partly. The core technology is our IP that gives us a competitive advantage. However, our SaaS platform has a marketplace included where solutions can be re-sold. While it is not too difficult to build such a marketplace, it is nearly impossible to copy the content of it. We plan to have a community that actively contributes to this marketplace and can co-sell their solutions there.

'''What commercial progress have you made?'''

US$ 50k ARR secured until 2023 - 5 companies in early-access programme for SaaS platform starting on 30 April (free for first month, then converting into MRR of > US$ 500 per company).