Sirion Acquires AI Pioneer Eigen Technologies to Accelerate Document AI Capabilities.

Eigen Technologies Named to Tech Nation’s Future Fifty 8.0

London, UK – Eigen Technologies, the global provider of natural language processing technology, has been included in the Tech Nation Future Fifty 8.0. This is the latest cohort of Tech Nation’s program for the UK’s leading late-stage growth companies. Future Fifty alumni include Revolut, Shazam, SkyScanner, and Zoopla. Eigen’s inclusion in the list reflects both the company’s rapid growth and its future potential. Eigen now works with over 25% of the G-SIBs as well as major asset managers, hedge funds, law firms, and insurers.

Eigen’s joins the Future Fifty following an extended period of expansion, culminating in its $42m Series B round. This brought Lakestar and Dawn Capital onboard in November 2019, with ING Ventures following in a second close last week. Eigen is therefore a prime example of the trend highlighted in the Tech Nation Report 2020, which showed a 44% increase in UK tech investment in 2019 to a record £10.1bn.

Eigen Technologies Co-founder & CEO Dr Lewis Z. Liu said:

“There is real momentum right now in the European tech sector. From a global perspective I believe European tech as a whole has come of age in the last couple of quarters. We’ve seen the likes of Lakestar, Atomico, Balderton, and Northzone raise big funds, showing greater ambition than ever before. European tech, with London leading the way, is now starting to compete with the likes of Silicon Valley and Shenzhen. Organizations like Tech Nation do brilliant work in supporting this drive and ambition, so we are truly honored to have been selected to be in the latest Future Fifty cohort.”

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