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Speech recognition AI startups are one of the most active sectors for investors to invest
Over the years, AI has grown and has overtaken almost every global industry. Starting from boosting customer satisfaction, identifying new drugs to improving the quality of research datasets, Artificial Intelligence has changed every aspect of the tech and non-tech industries. No wonder investors and global companies would expect to fund the emerging speech recognition AI start-ups that are producing more advanced tools and technologies that are not only positively disrupting our professional lives but also our activities regularly. Here is the list of top funding in speech recognition AI startups in 2022.
Verbit
Total Funding Amount- US$569M
Recent Investors- More Capital and Sapphire Ventures
Verbit is an internet company that specializes in combining human and artificial intelligence to provide transcription and captioning solutions. It focuses on video transcription, AI-powered transcription, video captioning, and machine learning. The company was founded in 2017 and headquartered in New York, United States.
Mobvoi
Total Funding Amount- US$252.8M
Recent Investors- Volkswagen Group and ZhenFund
Mobvoi, also known as Chumenwenwen, operates as an artificial intelligence company that develops technologies in Chinese language speech recognition, natural language processing, and vertical mobile search. It offers a Chinese SmartWatch Operating System that features mobile intelligence voice search for iOS, Android, Android Wear, Google Glass, and WeChat.
Notable
Total Funding Amount- US$119.2M
Recent Investors- Oak HC/FT and ICONIQ Growth
Notable is an AI-powered health start-up that automates and digitizes every physician-patient interaction. It automates the recording of doctor’s visits and updating of electronic health records. The company has developed a technology that uses natural language processing and voice recognition to automatically record doctor-patient interactions and structure the data for inclusion in a patient’s medical records.
Otter.ai
Total Funding Amount- US$63M
Recent Investors- Draper Associates and H. Barton Asset Management
Otter.ai offers a collaborative note-taking app that makes important information from voice conversations including meetings, interviews, and lectures instantly accessible and actionable. The company's award-winning product, Otter Voice Notes, is used by business professionals, journalists, and students to generate rich notes that can be easily searched and shared. Otter is based on proprietary technologies for speech recognition, speaker separation, speaker ID, and keyword/topic extraction.
Invoca
Total Funding Amount- US$118.5M
Recent Investors- Morgan Stanley Alternative Investment Partners and Accel
Invoca is an AI-powered call tracking and conversational analytics company that brings the depth of marketing analytics traditionally limited to digital consumer interactions. The company specializes in the fields of inbound call marketing, call tracking, call intelligence, and pay-per-call advertising.
Dialogflow
Total Funding Amount- US$8.8M
Recent Investors- Motorola Solutions Venture Capital and Alpine Ramble Treks
Dialogflow is a conversational user experience platform enabling brand-unique, natural language interactions for devices, applications, and services. Developers can use Dialogflow services for speech recognition, natural language processing (intent recognition and context awareness), and conversation management to quickly and easily differentiate their business, increase customer satisfaction, and improve business processes.
assembly
Total Funding Amount- US$33.1M
Recent Investors- Accel and Daniel Gross
assembly is an AI company building a platform of APIs to transcribe and understand audio data. Its platform automatically converts audio or video files and live audio streams to text. Users can do more with audio intelligence like summarization, content moderation, topic detection, and more.