Lawyers from bpv BRAUN PARTNERS advised Czech tech startup SentiSquare in another round of financing
bpv BRAUN PARTNERS advised one of the leading Czech companies in the field of artificial intelligence (AI) application, SentiSquare s.r.o., on its second round of financing, in which it acquired one million euros for further development. New strategic and financial investors – Czech IT company IXPERTA and venture capital fund Fazole Ventures – participated in this second round, which also confirmed the increase in the company’s valuation in recent years. Ondrej Ponistiak and Arthur Braun advised in the transaction. SentiSquare s.r.o., which was originally founded at the Faculty of Applied Sciences at University of West Bohemia, and has received many awards, deals with text analysis and text processing and its main focus is on automated customer communication without limitations to languages by using a unique AI application known as NLP (Natural Language Processing). It plans to use the financing acquired to complete development on its current product and introduce a new no-code NLP product (software that does not require an NLP expert or other specialized developer to operate) onto the Czech and international markets.