AI Communis, a Singapore-based Automatic Speech Recognition (ASR) and Natural Language Processing (NLP) technologies, announced that it raised $1.3 million in seed funding for its software-as-a-service product Auris AI.
The round was led by Todai IPC, the Venture investment arm of the University of Tokyo, with participation from multiple Japanese venture capital funds and angel investors from Singapore.
AI Communis will use the fund to solidify Auris AI’s product offerings and scale operations in Asia.
Nobuhiko Suzuki, Co-Founder, and CEO of AI Communis said, “There is a growing demand for people to enjoy foreign videos and to share their content with audiences overseas. In terms of transcribing, translating, and subtitling content to make Asian content accessible to the world, and to make foreign content accessible to Asians, there is a large gap we can fill. With Auris AI, we are creating a platform that allows people to do just that.”
Since its beta launch in December 2021, Auris AI has garnered over 90,000 users across 200 countries. AI Communis will expand Auris AI to global content makers and multi-channel networks. It also extends to freelance and full-time content providers in Southeast Asia.
With the rise of the creator economy, Auris AI is committed to filling the language gaps between Asia and the rest of the world.
Company: AI Communis Pte. Ltd.
Raised: $1.3M
Round: Seed Round
Funding Month: November 2022
Lead Investors: Todai IPC
Additional Investors:
Company Website: https://www.ai-communis.io/
Software Category: Automatic Speech Recognition (ASR) Software
About the Company: Founded in 2020 by Nobuhiko Suzuki, and Ian Lane, AI Communis is a software company specializing in the development of automatic speech recognition and offers consultation of intellectual property licensing and consultation, enabling enterprises to leverage their audio data and create solutions to improve productivity. It created Auris AI, a web-based platform that automatically generates transcripts and subtitles from audio and video files. It also translates between English and other languages, particularly Asian languages like Japanese, Bahasa Indonesia, and Hindi. AI Communis is developing its own ASR and NLP technologies with a focus on Asian languages, making this technology accessible through Auris AI. Utilizing its own ASR technology, Auris AI is able to specialize in Asian languages and drive down operating costs, making it more affordable for users.
Source: https://www.ai-communis.io/news/ai-communis-raises-us1-3-million-in-seed-round-to-expand-product-offering-and-operations/