Accern secured $13 Million in Series A Funding round led by Fusion Fund

Accern, a New York City-based Artificial Intelligence startup for the financial industry, has now secured a $13 million in Series A funding round.

Kumesh Aroomoogan, Accern, CEO, said, "Organizations could lose customers, financial gains and their reputations when they are lagging behind on technology innovation. Accern enables enterprises to increase efficiency by deploying our AI solutions at scale within our no-code AI platform. This round allows us to further democratize AI within enterprises and serve more customers across asset management, banking, and now, insurance and fintech."

Anshul Vikram Pandey, Accern, CTO, said, "Every organization wants to use the immense volume of unstructured data that they have on hand for competitive advantage. Data scientists and R&D leaders are charged with helping their organizations make this happen, but they cannot waste time recreating the same basic code over-and-over again. Accern’s no-code user interface (UI) creates AI solutions with a few clicks, enabling data scientists to rapidly create models and turn them into actionable solutions for the enterprise. Our adaptive NLP and forecasting models are able to learn from past actions and provide intelligent recommendations going forward, which is very useful for credit and insurance underwriting, portfolio risk, fraud detection, and more. Now teams are able to share their works, integrations, models, taxonomies, and more across the enterprise to be leveraged in other use cases, significantly reducing the amount of re-work, and therefore time, that goes into every solution."

PC: Pablo, Pixabay