Case
Case
‘We have a vision to UNSILO human knowledge’. So reads the core vision of the Aarhus based company UNSILO that today has announced that they have been acquired by the Mumbai based global scientific communications company, Cactus Communications.
When
UNSILO is an artificial intelligence (AI) software company that develops advanced tools for text understanding and Natural Language Processing. The company works to make it easier for researchers and innovators to find analogous concepts and novel ideas from different industries and fields.
With the acquisition, the attainability of UNSILO’s vision is enhanced.
"By combining CACTUS’s scale and reach in the publishing and pharmaceutical industries with UNSILO’s text intelligence platform, we can advance faster and improve both quality and time-to-publication to the benefit of our customers."Thomas Laursen
Co-founder and CEO, UNSILO
CACTUS has evolved into a full-spectrum solutions provider for creators, publishers, and consumers of scientific content. Its author-resource management system is used by 3 million researchers worldwide and its workflow management portal handles over a million assignments a year. The acquisition of UNSILO allows the company to increase the pace and quality of the AI products that Cactus Communications is building for their target industries.
"I am very excited about this opportunity to work with the UNSILO team and further scale up the Cactus Labs team. For the next 5 years, our vision is to create technologies and products that will transform work through augmentation and automation."Nishchay Shah
CTO at CACTUS and Head of Cactus Labs
The acquisition is part of Denmark’s strategy to attract foreign investments and showcase Denmark as a frontrunner in emerging technologies.
"The investment will fuel the growth and internationalization of the budding AI environment in Denmark. Invest in Denmark is pleased to support investments within emerging technologies and looks forward to a long and fruitful relationship with Cactus."Maria Tarp
Director, Invest in Denmark
The company was co-founded as a start-up in 2012 by Mads Rydahl and Thomas Laursen. Since then, UNSILO has worked with world-leading information services in research to improve discoverability across their platforms and internal publishing processes. UNSILO has received funding under the Danish Innovation Act in 2012, from Scale Capital in 2013 and most recently from Infosys in 2016.
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