Basis Technology

BasisTech is a software company specializing in applying artificial intelligence techniques to understanding documents and unstructured data written in different languages. It has headquarters in Somerville, Massachusetts with a subsidiary office in Tokyo. Its legal name is BasisTech LLC. The company was founded in 1995 by graduates of the Massachusetts Institute of Technology to use artificial intelligence techniques for natural language processing to help computer systems understand written human language. Its software focuses on analyzing freeform text so that applications can do a better job understanding the meaning of the words. For example, their software can identify tokens, part-of-speech, and lemmas. Their software also performs entity extraction, that is finding words which refer to people, places, and organizations from text for uses such as due diligence, intelligence and metadata tagging. BasisTech was once known for its Rosette product which uses Natural Language Processing techniques to improve information retrieval, text mining, search engines and other applications. The tool is used to enable search engines to search in multiple languages, and match identities and dates. Rosette was sold to Babel Street in 2022. Now BasisTech is repeating the same model, nurturing the best new technologies and then merging them with other companies. They bring in entrepreneurs to refine ideas, assemble teams of talent, and access capital. Their focus is primarily upon early-stage technology ventures with global potential.