Voiceitt Completes Funding Round
Voiceitt, a provider of speech recognition technology for non-standard speech, has closed its latest funding round led by AMIT Technion, with participation from Cisco Investments and Third Culture Capital.
The announcement follows the beta launch of Voiceitt's technology that recognizes and translates spontaneous speech of people with speech disabilities.
"Mainstream adoption of consumer voice products has driven new and transformative opportunities for Voiceitt, which is uniquely positioned as a significant innovator in this space," said Rona Samler, CEO of AMIT Technion's investment, in a statement. "AMIT is excited to be part of this significant stage of the company's development as it reaches impressive milestones in its next-generation speech technology and to continue to support the company's successful scaling and commercialization."
"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," said Danny Weissberg, Voiceitt's CEO, in a statement. "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."
"True collaboration means making sure everyone at the table has a voice. That's why Cisco is excited to invest in Voiceitt," said Janey Hoe, vice president of corporate development at Cisco Investments, in a statement.
"When we came across Voiceitt, we were so impressed by the founders' commitment, mission, and drive to level the playing field for those individuals who struggle with communication on a day-to-day basis," said Dr. Julien Pham, founder of 3CC, in a statement. "Health equity is not just about gender and race, but also should be inclusive of veterans, disabled communities, and other vulnerable populations. The Voiceitt team has been so thoughtful about engaging thought leaders to gain insights from both clinical and health policy perspectives, particularly around the American Disability Act and has shown true care in creating a technology that can work seamlessly for those who need it most at a global scale."