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deepset

Open source NLP framework

deepset logo
21-100 employees
  • B2B
  • Artificial Intelligence
  • Machine Learning
  • SaaS
  • API
  • Cloud Computing
Kreuzberg, Berlin, BE

Company mission

To empower developers to make Natural Language Processing (NLP) part of any application in any enterprise.

Top investors

Few candidates hear
back within 2 weeks

37% employee growth in 12 months

Our take

Natural Language Processing (NLP) is at the core of many modern enterprise data processing workflows, from complex data processes to customer service chatbots. However, NLP systems are not one-size-fits-all, and the development and deployment of bespoke NLP systems require the niche and expensive help of programmers with expertise in machine learning and semantic syntax.

Deepset provides an open-source API-driven framework called Haystack for the quick and efficient development of production-ready NLP systems. The company's goal is to make modern NLP as easy as possible to apply in a practical and scalable way, and states major use cases of its API for automated data analysis, customer satisfaction, fraud monitoring, and regulatory actions.

Whilst NLP has been implemented by many enterprises such as Amazon AWS and Microsoft, options for companies without dedicated AI experts have been limited, making deepset's open-source approach highly beneficial to many industries. Lately, the company has invested funding in the development of a SaaS product called deepset Cloud, which will enable users to build complex LLM apps more easily and at "a fraction of the time".

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Steph

Company Specialist at Welcome to the Jungle

Benefits

  • Choose your tech - Linux, Windows, or macOS? The choice is yours and we will provide what you need
  • Additional days off - we don't work on the 24th & the 31st of December
  • Remote-first - you can choose to work from home or any other workspace that suits you
  • Annual learning and development budget
  • Employee stock option plan
  • Home office budget for equipment and furniture, and we would be happy to sponsor a coworking spot
  • Quarterly in-person meet up - we have fruitful discussions, we hold workshops, we brainstorm together, and we have leisure activities and fun
  • Monthly allowance for your sports activity
  • Opportunity to speak at conferences
  • Internal knowledge sharing and workshops
  • Virtual office
  • Monthly social budget to reconnect virtually or in person
  • Enhanced days off for Family Sick Leave
  • Online walks and talks with colleagues from other teams
  • Flexible travel policy that enables you to meet colleagues in person for special occasions
  • 27 days of paid vacation, and you earn an additional day for each year completed with deepset (up to 30 days)
  • Pension plans
  • Travel insurance
  • Flexible working hours
  • Dog-friendly - our main co-working partner Mindspace welcomes dogs, so you can bring your best friend to the office

Company values

  • We are on a joint mission - We have one common goal, one set of values and we can only achieve them by working and empowering each other. We share open, candid, constructive, and actionable feedback
  • Take and respect ownership - Everyone at deepset is an owner. Take ownership, take initiative, be responsible and accountable for your actions. If you see a gap, step up and fill it
  • Focus on impact and be brave - We stand out for our pragmatism, fast decision making and fast iterations. The outcomes matter. Not the way towards them
  • Leave your comfort zone - Challenge yourself to go the extra mile. Motivate others to push even further. Grow faster than ever and make us win as a team!
  • Embrace our diversity - At deepset, we are committed to creating an inclusive and diverse culture that encourages, supports, and celebrates the differences within our team. We believe that different perspectives, backgrounds, and ideas create better outcomes

Funding (last 2 of 3 rounds)

Aug 2023

$30m

EARLY VC

Apr 2022

$14m

SERIES A

Total funding: $45.6m

This company has top investors

Leadership

Milos Rusic

(Co-founder & CEO)

Experience as Director of Market Development for KONUX from 2016 to 2018.

Malte Pietsch

(Co-founder & CTO)

Experience as Data Scientist for plista from 2016 to 2018.

Timo Möller

(Co-founder)

Experience as Machine Learning Engineer for plista from 2016 to 2017.

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