Artificial Solutions’ patents valued to 1,6 Billion SEK
Artificial Solutions International AB (“Artificial Solutions” or the “Company”) has invested significant amounts in R&D and in patenting its unique technology in Natural Language Interaction (NLI) and Natural Language Processing (NLP) technologies in recent years.
An updated intellectual property valuation analysis by OxFirst Ltd. shows that the valuation has risen to over SEK 1,6 billion, up from SEK 1,4 billion in 2019.
The patents are cited by some of the most influential companies in the Conversational AI space, including Apple, Nuance, Google and IBM, confirming Artificial Solutions as a leading innovator in the Conversational AI sector.
A cited citation is also referred to as a forward citation.
“Our technology is used by world leading companies to create the best customer experiences possible in a plethora of languages. We power the largest multilingual Conversational AI-project in Europe and our clients achieve outstanding customer loyalty scores with higher levels of automation they originally thought possible” says Per Ottosson, CEO of Artificial Solutions.
Artificial Solutions has significantly more forward citations than the average peer in Software (305 vs. 33). Forward citations indicate that newer patents acknowledge the importance of a foundational patent in the space.
The valuation considers how the scope and influence of Artificial Solutions´ intellectual property has expanded and bases its conclusion on the patents overall market opportunity combined with the potential opportunities in the Conversational AI market.
Our patents cited by Apple, Nuance, Google and IBM are key components within Artificial Solutions platform, Teneo to develop bots and conversational IVR’s. With Artificial Solutions customers can add Teneo to any existing conversational AI development and expand with functionality, such as any of Teneo´s 86 languages.
The product is delivered as a Cloud based SaaS service to global businesses such as Telefonica Germany, HelloFresh, AT&T, Medtronic and Škoda, part of Volkswagen Group.