124

News

Indian IT giant invests big in Aarhus startup

Christian Wenande
November 21st, 2016


This article is more than 8 years old.

Infosys has invested 15 million kroner into promising text analysis firm UNSILO

Consolidating knowledge (photo: UNSILO)

The Indian IT conglomerate Infosys has revealed that it has invested close to 15 million kroner into the Danish startup UNSILO.

Founded in Aarhus in 2012, UNSILO is an artificial intelligence startup focused on advanced text analysis, allowing it to identify patterns across millions of scientific articles.

“We see Denmark as a global hub of world-class innovation with talented people, a good education system and a track record of entrepreneurial success,” said Ritika Suri, the executive vice president & global head of corporate development & ventures at Infosys.

“UNSILO has built an impressive semantic search engine with best-in-class text intelligence, which powers a range of advanced business processes. We will partner with UNSILO to bring their artificial intelligence and machine learning technology to our global clients.”

READ MORE: Danish startup building a reputation for itself and the sharing community

More accessible knowledge
UNSILO aims to break down so-called ‘knowledge silos’, generate better access to often difficult to access research and expert knowledge, and thus make it easier for engineers, designers and product developers to gain insight into more areas of knowledge.

Infosys, which is India’s second-largest IT company and a global leader within tech services and consulting, made its investment following a visit to Denmark as part of the ‘Invest in Denmark’ program late last year.

“I am very pleased that the Infosys Innovation Fund’s first investment in Europe is placed in Denmark,” said the foreign minister, Kristian Jensen.

“The investment reflects that Denmark offers an exciting environment for tech startups and is an attractive location for high quality foreign investments into the technologies of the future.”

Get a better insight into UNSILO in the video below.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”