Stelae Technologies, a software company based in Chennai and Bangalore, has today announced that they have raised pre-series A round of funding, led by UK-based Earlsfield Capital along with the participation of Saha Fund, Cross Border Angels and Mohandas Pai.
The investment will be used to scale up the delivery operations of the company and increase the breadth of technology partners world-wide, building on the customer references already acquired.
Stelae Technologies was founded by Aruna Schwarz, Maria Shiao, Pierre Fraisse, and Sandeep Raizada. The company’s patent pending software – Khemeia, detects content elements in documents like human eye using artificial intelligence based pattern recognition and content analyses algorithms.
The software unlocks unstructured content in documents, rendering it searchable, indexable and analyzable by Content Mining, Cognitive Learning and Content Management solutions like IBM Watson, IBM Cognos, SAP Business Objects, PTC Arbortex.
Extracting and semantically tagging meta-data, structuring and hierarchically organizing information, generating Table of Contents and converting to XML based outputs, Khemeia creates structured content from paper and PDF, Word, ASCII, HTML. documents.
Commenting about the investment in Stelae Technologies, Sumeet Pillai, Founding Partner at Earlsfield Capital, said,
We are delighted to be leading the round for this very exciting and growing business. As backers of high-growth Indian businesses, we look forward to drawing upon our international experience to help Stelae scale and continue pushing the barriers.
Winner of the Nasscom Emerge 10 award in 2015, the IBM Global Entrepreneur Award in India & Asia Pacific and among the 9 Global Finalists in 2014, Winner of TechSparks 30 in 2013, KhemeiaTM has processed over 10 million pages of content for customers like Rolls Royce Aerospace (UK), DCNS (France), Wolters Kluwer (US), Deutsche Bank (UK) and for a large defence customer in India.
The Enterprise B2B big data sector if you see as a whole, remains a high growth space, and Khemeia is a product platform built to scale globally and across sectors, as it transforms the ability of enterprises to utilise data that was previously inaccessible or difficult to convert.