The partners are delighted to announce that after some period of negotiations, our Intentex venture has now a private investor that contributed ~$330K which makes our Intentex valuation over $1.5M.
This is a strategic investment that allowed us to outsource development to our new partner IT Respublica which will build practical applications based on Intencheck platform. Intencheck is a text-analysis technology, which works in a similar way to a spell checker, lets you uncover more information from texts than you ever thought is possible. This is an important step of becoming one of the major companies in sentiment and text analysis fields which are billions dollar industry, that will grow exponentially with the grow of AI market.
The development of the cloud Intencheck platform will now accelerate. We have big ideas and new partners coming along the way, as we build Intentex APIs and new applications. It’s a long and complicated road ahead to capitalize on this new partnership and hopefully this will lead to a successful enterprise.