- Unsilo provides AI tools and solutions for publishers to grow their business and improve customer experience
- This acquisition is a part of Denmark’s strategy to attract foreign investments
Communications company Cactus Communications has acquired Unsilo, a Denmark-based Artificial Intelligence (AI) and Natural Language Processing (NLP) company. The company specialises in text analytics, linguistics, and data science.
Anurag Goel, Cactus co-founder and executive chairman, said, “Cactus has evolved into a full-spectrum solutions provider for creators, publishers, and consumers of scientific content. AI algorithms will play a key role in helping us consume and make sense of rapidly increasing content. The acquisition of Unsilo allows us to increase the pace and quality of the AI products we are building for our target industries.”
Helps publishers package and sell content
Unsilo was founded by Mads Rydahl and Thomas Laursen. It provides AI tools and solutions for publishers to grow their business and improve customer experience. It does this through products like Classify which helps publishers package and sell content in new ways. The company said that it also offers a product called Recomme which supports the discovery of new and existing research. It also provides Evaluate which helps to scale up the capacity of the journal editorial office.
Thomas Laursen, co-founder and CEO of Unsilo, said, “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.”
Denmark’s strategy to attract foreign investments
This acquisition is a part of Denmark’s strategy to attract foreign investments and put Denmark as a leader in exciting technologies. Maria Tarp, director of Invest in Denmark said, “The investment will fuel the growth and internationalization of the budding AI environment in Denmark. We look forward to a long and fruitful relationship with Cactus.”