LinguaSys has launched an equity crowdfunding round on EarlyShares and the company has already captured some high profile interest from well known investor Mark Cuban.
The small company is currently looking to raise $250,000 in equity but in a prior funding round Mark Cuban jumped in and invested $750,000. Sure Cuban has a lot of money but that is still a pretty serious indication of belief in the business.
LinguaSys has developed an application that helps computers understand “human text”. In our ever-growing, interconnected existence the demand for such services will only increase. The internet of things is here to stay and soon enough everyone will take for granted that all of our devices communicate with people and other devices.
LinguaSys was founded in 2010 by executives with profound expertise in this fast growing tech sector. CEO and co-founder Brian Garr was part of IBM’s software group that managed their Speech Recognition Group. Prior to that he was CTO of Globalink – a machine translation company. LinguaSys has completed development of its unique, patent-pending core IP and has become an IBM Business Partner.
The company is looking to raise up to $1.5 million to boost their growth. The offer on EarlyShare is, of course, for accredited type investors only.
Cuban was quoted stating about LinguaSys;
“LinguaSys’ unique entry into the world of human language technologies is transforming the way large enterprises can tap into stores of content across language boundaries and conduct global business.”
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