Voiceitt, the Israel-based award-winning leader in speech recognition technology for non-standard speech, announced the closing of its latest funding round led by AMIT Technion, with participation from Cisco Investments and Third Culture Capital (3CC). The funding round successfully raised $4.7 million, and due to recent oversubscription the round has been extended to meet a new goal of $10 million. Since its inception in 2012, Voiceitt has raised $20 million, including $5 million in non-dilutive funding from competitions and grants.
“Thanks to the incredible support of new investors Cisco Investments and Third Culture Capital, the positive feedback for Voiceitt has been overwhelming and led to over subscribing of the round," commented Karl Anderson, Chairman of the Board at Voiceitt, and CEO of Viking Maccabee Ventures. "This enthusiasm affirms what we already know – enterprises need inclusive voice technology solutions to enhance their commercial landscape. We are excited for the continued momentum to make voice AI more accessible.”
The announcement follows the momentum of the beta launch of Voiceitt’s next-generation technology that recognizes and translates spontaneous speech of people with speech disabilities. An earlier version of the technology is available in the iOS App Store with the integration of Voiceitt’s speech recognition capabilities with Alexa, and via partners and manufacturers that integrate their products with Voiceitt’s API or software development kit.
“Our next generation technology, by expanding our current product offering and supporting spontaneous speech, enables individuals with speech and motor disabilities to perform everyday tasks independently – whether it is composing texts, making social media posts, or communicating with smart home devices,” says Danny Weissberg, Voiceitt’s CEO. “The great speed at which we continue to accelerate the algorithm development, vastly expand our large voice recordings database, and ultimately scale successfully is thanks to support from strategic investors like AMIT, Third Culture Capital and Cisco Investments, who share our vision to make voice AI accessible to people with non-standard speech.”
Voiceitt offers an API that enables seamless integration of its voice technology with any voice interface, making these products accessible to consumers with disabilities, degenerative disease or brain injuries, developmental disorders, aging-related speech changes, and even challenging dialects. Click here to learn more about where Voiceitt is available for integration or for download in app stores.
Voiceitt’s new stand-alone product, now in Beta, employs its cutting-edge algorithms to enable more flexibility and accuracy in natural spoken conversation by non-standard speakers, allowing them to calibrate the system and then experience mainstream voice products similarly to the way standard speakers do. Voiceitt’s underlying machine learning algorithms are built from the company’s proprietary large and growing database of non-standard speech recordings that educate and evolve the technology’s AI. Its initial rounds of beta testers were recruited from Voiceitt’s international network of nonprofits, disability organizations, hospitals and clinics, government entities, and educational institutions.
