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 9 days ago
 Source: finsmes.com

Eigen Technologies Raises $5M from ING

Quick Summary

Eigen Technologies, a London, UK-based provider of a natural language processing technology solution, completed a $5m (€4.5m/£4m) funding round. ING Ventures followed on from its $37m (£29m) Series B round in November 2019. This brings the total funds raised by Eigen in its Series B round to $42m, and brings the overall funds raised to over $60m. Eigen’s NLP technology is already used by ING in areas such as LIBOR replacement and loan operations. ING is the second strategic investor that Eigen has brought on board, alongside Goldman Sachs, another Eigen client who co-led Eigen’s Series A round in 2018.

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