Deepset Raises $14 Million

Natural language processing (NLP), the field of AI that involves parsing text for tasks including summarization and generation, is a fast-growing technology. Deepset, the startup behind the open source NLP framework Haystack, announced that it has raised $14 million in a Series A investment led by GV with participation from Harpoon Ventures, System.One, Lunar Ventures and Acequia Capital. The capital infusion arrived alongside Deepset Cloud, a new subscription product for building NLP-powered software.