Accern is the leading no-code generative natural language processing (NLP) platform, which allows financial service enterprises to build and deploy applications using the best NLP models in minutes.
Current Status
Accern ended 2022 with $3.3M ARR and plans to hit $7M in ARR end of 2023 with estimated 46 financial service customers. Current customers includes Mizuho Bank, Standard Bank, William Blair, UniCredit Bank, and more. In addition, the company raised over $35M in venture capital from top tier VCs and has 35 full-time employees in 3 locations.
Problem or Opportunity
It takes 2 years to train and deploy NLP applications within organizations and 85% fail to deliver ROI. This is because AI projects are growing at a rapid rate annually, and there is a 3x shortage of data science talent to hire.
Solution (product or service)
Accern allows organizations to build and deploy NLP applications in minutes using pre-trained models within a no-code interface. With $35M and over 7 years of R&D, Accern brings organization the ultimate workflow to building industry-specific apps at record speed.
Business model
The business model is consumption-based with an annual subscription plan. We charge based on the number of pages you analyze and number of use cases you build.
