New funds for Audio Intelligence Platform AssemblyAI

New funds for Audio Intelligence Platform AssemblyAI

March 8, 2022

In the US, audio intelligence platform AssemblyAI has raised $28 million in a Series A funding round, which it will use to further develop its AI models for automatic voice recognition. speech, speech understanding, sentiment analysis and natural language processing.

The San Francisco-based company offers text-to-speech APIs that are used to convert online audio and video data – from Zoom meetings, podcasts, audio-first social media platforms, conversation intelligence platforms to business, live streaming, etc. – in text. Beyond transcription, APIs are used to moderate user-generated audio content at scale, provide insights to customer support and contact center agents in call center AI products, broadcast more targeted advertising campaigns in audio content and for a number of other use cases.

Future plans include enabling emotion analysis in audio files, automatically identifying the start and end time of voice and video ads, translation into over 80 languages, and voice recognition. intention.

The funding was led by Accel, with participation from a group of investors including Y Combinator, John and Patrick Collison (Stripe), Nat Friedman (GitHub), and Daniel Gross (Pioneer). Dylan Fox (pictured), Founder and CEO of AssemblyAI, comments, “We never would have gotten here without the incredible support from our customers and the thousands of developers who have used our APIs over the years. We are excited to double down on everything we have worked on and rapidly accelerate our pace of product development and growth.”

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