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Tryllian raises E11m in second round financing

Belgian based Flanders Language Valley Fund has invested E3.25m in the round.

Dutch software company Tryllian has raised E11m in its second round of financing. Flanders Language Valley Fund (FLV Fund) has invested E3.25m. Other investors include GIMV, Nippon Investment Fund, NPM Capital and Twinning Growth Fund.

Tryllian develops mobile agent products, autonomous software programs that can travel on the internet and can be charged with a variety of tasks.

The capital will be used for marketing and sales activities to create market acceptance, to drive and launch Tryllian's products and to establish further international expansion.

Gerard van der Hoorn, CEO of Tryllian, said: “Mobile agent technology will change the face of interaction between computers and people and the Internet industry is ready to benefit from this. Developing and establishing commercially viable mobile agent products and services requires significant resources and a long-term commitment. Our investors are aligned with our vision, and this investment steps up their commitment to make our vision a reality.”

Philip Vermeulen, managing director of FLV Fund, said: “With this investment, FLV Fund believes that it is supporting a company which has a strong technology background. We are convinced that Tryllian provides huge opportunities for developing artificial intelligence based on applications for itself, its partners and customers.”

Tryllian was founded in 1998, is based in Amsterdam and has offices in Oakland, CA. The software development company provides several commercial mobile agent products, solutions and services.

FLV Fund focuses entirely on applications of speech, Artificial Intelligence and language technology. Last month, FLV Fund announced that it was looking for possible partners or takeover candidates in an effort to distance itself from disgraced voice recognition company Lernout & Hauspie.