[Funding alert] Milan-based Contents.com Secures $18M in Series B Round Funding
Jan 9, 2024 | By Team SR
Milan-based Contents.com secures $18M in series B round funding to Spearhead a New Era in AI-Driven Content Creation Revolutionizing Enterprise Content Management with Advanced AI Orchestration Seamlessly Integrating Multiple Large Language Models, and Pioneering Innovative, High-Quality Multilingual Content Solutions for Global Business Markets.
The round is led by Sinergia Venture Fund of Alkemia Capital with Thomson Reuters Ventures. Additionally, the Azimut Digitech Fund, under the advisory of FNDX, participated in the round.
Sinergia Venture Fund of Alkemia Capital is leading Contents.com’s operation, with participation from Thomson Reuters Ventures and others. The capital raised from this initiative is earmarked for significant expansion of Contents.com’s international business.
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This includes enhancing their technological capabilities and solutions, as well as a strategic increase in their corporate staff, with a particular emphasis on growing their Innovation Technology and Sales teams.
Massimiliano Squillace, CEO & Founder of Contents.com said, “In an era where innovation drives progress, Contents.com aims to assist global companies to stay ahead. On this extraordinary journey, our fundraising philosophy has remained the same: to seek not just funding, but collaborations that align with our values and innovative vision. Series B isn’t just a financial milestone, but a demonstration of our bold challenge to the conventions of the tech world. This funding will push us beyond traditional boundaries, revolutionizing high-quality, multilingual content creation globally. We’re committed to transforming global communication, connecting ideas and cultures through AI-based advanced solutions. Together with our partners, we’re redefining the global tech landscape, making an impact well beyond our corporate growth. We are here with Contents.com to influence global content creation,”.
Simone Cremonini, Partner of Sinergia Venture Fund of Alkemia Capital said, “We are excited about our role as the lead investor in the recent capital increase of Contents.com. Our trust in Massimiliano, the founder, and his exceptional team is the foundation of this decision. We strongly believe in their vision and Contents.com’s innovative approach to the generative AI market. The generative AI market is in a phase of exponential growth, with forecasts indicating a global market value that could exceed $50 billion by 2026. This technology is opening new frontiers in various sectors, from digital marketing to industrial automation. Contents.com is perfectly positioned to capitalize on these opportunities and drive innovation in this rapidly evolving sector.”
Tamara Steffens, Managing Director of Thomson Reuters Ventures said, “The Contents.com team has built an application that enables the practical use of generative AI for enterprise content creation. We are excited to work with them to bring the application’s rich capabilities to our teams and to our customers so that in turn, they can create high quality multilingual content,”.
Contents.com was represented by Orrick, Herrington & Sutcliffe LLP. An experienced team led by Partner Attilio Mazzilli and Of Counsel Livia Maria Pedroni provided strategic legal advice, underscoring Orrick’s commitment to supporting innovation and growth in the technology sector.
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About Contents.com
Founded in 2021, Contents.com has rapidly expanded its influence, now boasting customers in Europe, Latam, North America, and Asia.
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This global footprint underscores its role as a key application layer that seamlessly connects Large Language Models with enterprises. Through its innovative SaaS software, Contents.com integrates AI into daily workflows, making it an indispensable tool for teams across various sectors.