- Raised $500k funding round, Jan 2013
About
The Speech Recognition Challenge: Speech is one of the most intuitive means by which we interact with our surroundings. Automatic speech recognition (ASR) is a complex technology that aspires to allow humans to interface with machines in this most natural of modalities. Yet, despite great advances in ASR, the user experience with ASR-based interfaces in real-life environments is still not good enough for speech recognition to be embraced by the mass market. In fact, analysts believe that ASR, despite its potential as a killer app, has achieved only 15-20% of its market potential. The NovoSpeech Technology Re-inventing Speech Recognition: NovoSpeech has analyzed the bottlenecks inherent to existing speech recognition solutions and re-examined the approaches that were being applied in the past. This meticulous, out-of-the-box thinking has led us to introduce proprietary changes deep within the speech recognition engine resulting in a robust, speaker-independent, on-device, continuous speech recognition technology with superior accuracy rates. The NovoSpeech Advantages: -Highly noise-robust recognition accuracy: Unprecedented accuracy even in real-life (noisy) environments. Benchmarking results show a game-changing 35% improvement in NovoSpeechs accuracy as compared to state-of-the-art ASR. -Dramatic reduction of computational complexity: NovoSpeech deploys large-vocabulary continuous speech entirely on the mobile device, eliminating the constraint of current ASR mobile solutions that must be connected to the cloud. -Speaker-independent: Accurate identification of words regardless of gender, accent, or speaking style.
Funding history · 1 round · $500K total
Q&A
- What is NovoSpeech's primary business?
- NovoSpeech specializes in full-featured speech recognition technology, offering robust, speaker-independent, on-device continuous speech recognition with superior accuracy rates, particularly in noisy environments.
- When was NovoSpeech founded?
- NovoSpeech was founded in September 2011.
- What is the current status of NovoSpeech?
- NovoSpeech is currently inactive, with its status changed in November 2014.
- How much funding has NovoSpeech raised to date?
- NovoSpeech has raised a total of $500,000 USD.
- When was NovoSpeech's last funding round and who were the investors?
- NovoSpeech's last funding round occurred in January 2013, with investments from The Trendlines Group and Mofet Venture Accelerator.
- What is NovoSpeech's employee count?
- NovoSpeech has 1-10 employees.
- Where is NovoSpeech headquartered?
- NovoSpeech is headquartered in Ramat Gan, Center District, Israel.
- What technologies does NovoSpeech utilize?
- NovoSpeech utilizes Artificial Intelligence, Voice & Speech Recognition, Natural Language Processing, Platforms & Interfaces, and Mobile technologies.
Sectors & technology
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External links
| linkedin.com/company/novospeech | |
| YouTube | youtube.com/channel/UCMYPTTDQNdY_yJZcL1VvlqQ |
Identifiers & details
| Founded | 2011-9 |
|---|---|
| Employees (exact) | 6 |
| Status reason | Non Active, Nov 2014 |