aiOla, a Tel Aviv, Israel-based startup that developed state-of-the-art voice and image recognition combined with advanced AI models to digitize, automate, and streamline inspection processes, secured $25 million in Series A funding.
The round was led by New Era, with the participation of Hamilton Lane and other investors. aiOla, which has raised a total of $33 million to date, employs 55 people, mostly in Herzliya, Israel.
It aims to dramatically reduce operational costs, increase production time, automate trend reporting, and minimize downtime.
"The AI revolution has yet to succeed, and artificial intelligence is mostly in use by data scientists. We understood that we can make AI accessible to everyone," said aiOla's CEO, Amir Haramaty. "aiOla's proprietary and patented natural-language interface technology is perfectly positioned to take advantage of the 'gold rush" in AI adoption. Our technology spans any language or jargon for any process, offering an instant and lasting impact across a variety of industries and verticals."
Company: aiOla LTD
Round: Series A
Funding Month: January 2023
Lead Investors: New Era
Additional Investors: Hamilton Lane
Company Website: https://www.aiola.com/
Software Category: AI-driven Knowledge Base and Business Intelligence
About the Company: Founded in 2019 by Amir Haramaty and Guy Ernst, aiOla is applying the most advanced proprietary technologies in AI, ASR & NLP to solve everyday problems, for any user, regardless of their technical skills or capabilities. aiOla is capturing natural communication (voice, text, and visuals) for existing critical processes in numerous languages in any accent or industry jargon. Its solution creates an instant and lasting impact in a wide range of industries and verticals, from food safety to financial services and compliance challenges in general.