Belarus-based Peech rakes in $550,000 to convert any format to audio
Belarus-based app that converts text, files, images or web pages into audiobooks, Peech has raised $550,000 to expand its international reach. The investment round was led by Flyer One Ventures and supported by Yuri Mazanikfounder of Belka Games.
Founded in 2022 by Andrei Poznyak and Alex Gorbel, the app can turn any content into audio format with just a few clicks. Customers simply scan a page of text or a book, upload a text or PDF file, or add any web article they want to listen to, and an AI-powered app converts it into a convenient audio format. Thus, users can listen to interesting articles while jogging, driving or doing household activities, thus multiplying the speed of consumption of any text. Peech AI also collects and voices the most useful articles from top publishers.
Andrey Poznyak, co-founder of Peech said, “Knowledge is the primary resource of our time, and projects that simplify the process of obtaining will always be relevant. Due to the development of technology, the usage share of audio interfaces is increasing greatly, and there is still a lot of potential here. At the moment, the application is available in more than 60 languages, and we will improve the product to make it more convenient for the development of the public.
During the February-May period, over 11,000 hours of unique content were released. The app is available in over 50 languages. In the future, the startup wants to explore new markets, mainly the United States and Western Europe.
Vital Laptenok, General Partner of Flyer One Ventures, added, “The growth of audio content consumers has followed a steady upward trajectory over the past few years. In the United States alone, 73% of the population listens to audio online every month, and it’s only growing. Rising demand for audiobooks, podcasts and other audio formats indicates that audio will be more popular than reading. Therefore, we see enormous potential in Peech’s product and are happy to support the team in their efforts to develop a culture of consuming useful content in audio format.