TranscribeMe Secures $900K in Funding to Advance Speech Processing and Transcription
TranscribeMe last week closed an oversubscribed angel investment round, bringing total funding to date to $1.5 million. Funds will be used to support the rapid growth of TranscribeMe's platform, which converts audio and video into searchable and shareable text.
Investors come from Tech Coast Angels, Sierra Angels, TEC Ventures, ICE Angels, Keiretsu, and Maverick Angels.
TranscribeMe's mission is to maximize the value of audio and video content through transcription. The team pioneered a hybrid platform that combines speech recognition algorithms with the power of crowd-sourced transcribers working from around the world. "TranscribeMe's efficiency comes from our ability to intelligently process, slice and micro-task the transcription of audio and video," noted Bethanie Maples Krogstad, the company's vice president of sales and marketing, in a statement.
"TranscribeMe is a new platform for accurately converting voice to text," added CEO Alexei Dunayev, "one which is scalable, confidential, and specialized. Our global on-demand workforce is able to deliver a tailored service to customers, and we achieve a new level of efficiency through our voice recognition and micro-tasking technology."
As a Microsoft BizSpark One partner, TranscribeMe leverages a stable and secure Windows Azure foundation on which to build its key specialization, complex audio processing, by using proprietary automated speech recognition technology and intelligent crowd-sourced micro-tasking.