Chennai and Bangalore-based Stelae Technologies, a content management and segregation software product company, has raised an undisclosed amount in Pre-Series A round of funding led by Earlsfield Capital. The round also saw participation from Saha Fund, former Infosys veteran TV Mohandas Pai and Cross Border Angels.
The secured funds will be used to scale up the delivery operations and increase the breadth of technology partners worldwide by building on the prestigious customer references already acquired.
Founded in 2012 by Aruna Schwarz, Maria Shiao, Pierre Fraisse and Sandeep Raizda, Stelae Technologies is known for its patent pending software KhemeiaTM that detects content elements in documents like the human eye, using artificial intelligence based pattern recognition and content analyses algorithms.
The software transforms unstructured content into structured, categorized, searchable and analyzable information by Content Mining, Cognitive Learning and Content Management solutions like IBM Watson, IBM Cognos, SAP Business Objects, PTC Arbortex.
For example, if a client wants to extract content related to particular person from a particular event from its database, the software will search for it, find it and then store it in a content repository from information available across millions of pages.
According to Aruna Schwarz, founder and CEO of Stelae Technologies, till now the process of content selection and segregation is entirely manual. However Khemeia aims at making the process completely automated.
The company follows annual subscription and usage-based revenue model. As of now, Khemeia has processed over 10 Mn pages of content for a client base which consists of Rolls Royce Aerospace, DCNS, Wolters Kluwer, Deutsche Bank etc.
Pranav Pai, investing on behalf of Mohandas Pai, stated, “Enterprises are constantly innovating to deliver new value propositions by improving deliverability, building for scalability, and assuring reliability. In the new API economy, enterprises can now do this by integrating with third-party products and services to release new solutions rather than build everything in-house. Stelae has been designed and built from the ground-up to plug into this evolving paradigm of enterprise applications. By combining their unique and improved methodology for element extraction from documents and a flexible integration architecture, they will ensure that this important value proposition meets their clients’ requirements while scaling with their needs. We are looking forward to working with this team in this exciting category.”
The founders have over 25 years experience in enterprise software and B2B Business Development, Marketing and Project Management in companies like Cisco, IBM, Schlumberger, Cable & Wireless, AT&T, Siemens Business Systems, HCL and Logica, in Europe, India & the US.