Artificial Solutions is a multinational

technology company A technology company (or tech company) is a company that focuses primarily on the manufacturing, support, research and development of—most commonly computing, telecommunication and consumer electronics–based—technology-intensive products and ...

that develops technology for conversational AI systems. It rebranded in August 2024 to Teneo.ai. The company's products have been deployed in a wide range of industries including automotive, finance, energy, entertainment, telecoms, the public sector, retail and travel. It’s Customers include telecom providers such as AT&T, as well as other organisations such as Circle K and

Folksam Folksam is one of the largest insurance companies in Sweden. The company headquarters are located in Stockholm. Folksam consists of the two mutual insurance companies Folksam sak and Folksam liv. Folksam is today a Swedish insurance company only, ...

, The company was founded in 2001 and became a

public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

in 2019 after the reverse takeover of Indentive AB. Artificial Solutions is listed on the

Nasdaq First North Nasdaq First North Growth Market is a division of Nasdaq Nordic and an alternative stock exchange (legally a multilateral trading facility) for smaller companies in Europe. The market place Nya Marknaden in Stockholm changed name to First North in ...

stock exchange under the ticke
ASAI

History

Founded in Stockholm in 2001 by Johan Åhlund, Johan Gustavsson and Michael Söderström the company created interactive web assistants using a combination of artificial intelligence and natural language processing. Artificial Solutions expanded with the development of online customer service optimization products and by 2005 it had several offices throughout Europe supporting the development and sales of its online virtual assistants. In 2008 Elbot, Artificial Solutions won the

Loebner Prize The Loebner Prize was an annual competition in artificial intelligence that awarded prizes to the computer programs considered by the judges to be the most human-like. The format of the competition was that of a standard Turing test. In each round ...

. In 2010, the company’s management changed, causing the company to focus the basis of its technology on Natural Language Interaction and launched the Teneo Platform, which allows people to hold humanlike, conversations with applications running on electronic devices. In 2013 Artificial Solutions launched

Lyra , from ; pronounced: ) is a small constellation. It is one of the 48 listed by the 2nd century astronomer Ptolemy, and is one of the modern 88 constellations recognized by the International Astronomical Union. Lyra was often represented on star ...

, a mobile personal assistant that is able to operate and remember the context of the conversation across different platforms and operating systems. A new round of funding was announced in June 2013 to support expansion in the US market. Since then the company has continued to develop the Teneo Platform and patent technology in the conversational AI sector including a framework for enabling chatbots to interact easily with each other. In 2018, the company raised a total of 13.7

Euros The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the ...

in equity capital to help support global growth and to accelerate the expansion of Teneo. In 2019, Artificial Solutions Holding completed the Reverse Takeover of Indentive, enabling the business of Artificial Solutions Holding to be traded on Nasdaq First North. Lawrence Flynn remains the CEO. In November 2020, Per Ottosson took over as CEO. He is based at the company's headquarter in Stockholm together with the newly appointed CFO, Fredrik Törgren. In August of 2024, the company rebranded as Teneo.ai.

References

{{Reflist, 1 Natural language processing software User interfaces Natural language processing Computational linguistics Information retrieval organizations