Artificial intelligence company AYLIEN has announced a new investment of €2m which will create 70 new jobs at the startup firm.

AYLIEN's products make it easy to understand vast amounts of human-generated text using Deep Learning and advanced Natural Language Processing.

Its products are used in complex data analytics projects and solutions by global enterprises, including Sony, Microsoft and Deloitte.

The company said it will use the new funds to grow its Dublin workforce as well as recruit its first US employees and expand its products.

The expansion, which is supported by the Department of Business, Enterprise and Innovation through Enterprise Ireland, will see new positions in software engineering, product management and sales and marketing at the company.

The investment round has been led by the Atlantic Bridge University Fund, along with existing investors SOSV and Enterprise Ireland.

