nCoTec invests E3m in Volantia Inc.

nCoTec will offer the software company both financial and operational support.

Technology investment vehicle nCoTec Ventures has committed E3m to Volantia Inc. The UK based company specialises in artificial intelligence (AI) software that reconfigures unstructured, intuitively entered data into a manageable, structured format using natural language interpreters.

Tim Horlick, managing director and co-founder of nCoTec, who is joining the Board of Volantia, said: “Volantia is addressing a dynamic area of the market. The company has developed an interesting software product with genuine commercial application.”

nCoTec invests in the enabling technologies supporting wireless communications, wireless data, wireless-internet convergence and communications infrastructure and focuses on investments in the UK, Ireland, Scandinavia and Germany.

Gerardo Lemus and Claudia Rodriguez, both MIT graduates, founded Volantia this year.