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Loosely Coupled Technologies Raises Investment

Loosely Coupled Technologies, the Kuala Lumpur-based data analytics company that says it uses NLP and AI Tools in business applications, announced today that it has raised an undisclosed amount of investment from Razor Capital, a UK-based venture capital and investment management firm with a focus on frontier markets, said a statement. Razor will make the investment through it's Luxembourg investment vehicle Monsoon Tech.

Previously, Razor Capital invested in four Bangladeshi startups including Direct Fresh, Bongo, Sheba and Augmedix.

Founded in 2017, Loosely Coupled Technologies is focused on bringing localized Artificial Intelligence and Natural Language Processing capabilities in business applications across South and Southeast Asia.

The company says, using AI, Machine Learning and Predictive Data Modelling, it helps companies to visualize key market and business indicators. The company already serves a host of public institutions, consulting companies, and advertising agencies and counts Boston Consulting Group, Mind Share, Unilever, Sinarmas, Rahim Afrooze, and PNMB in its client list.

Ruhul Kader is a Dhaka-based writer, researcher, and entrepreneur. He is also the co-founder and CEO of Future Startup and the author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about entrepreneurship, business, strategy, technology, and culture. He can be reached at [email protected]

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