Altavo, a Dresden, and Jena, Germany-based AI-based voice rehabilitation startup, has closed €5 million in Series A financing.
SaaS Investors
The round was led by OCCIDENT, with participation from Novalis Biotech, Beteiligungsmanagement Thüringen, TGFS Technologiegründerfonds Sachsen, High-Tech Gründerfonds (HTGF), Saxonia Systems Holding, and TUDAG TU Dresden AG.
OCCIDENT is an international venture capital investor with offices in Munich and Zug, is owner-managed, and invests its assets. Its mission is to make a positive contribution to society through sustainable and meaningful investments. OCCIDENT invests in innovative deep-tech start-ups with excellent technologies, broad application possibilities, and the potential for further value-generating development in the fields of life sciences, industrial tech, and digital. OCCIDENT acts as a long-term enabler for highly innovative startups and visionary founders.
Altavo Use of Funds
The company will use the funding to support its growth, product development, pivotal clinical trials, and international expansion.
About Altavo
Founded in February 2021, Altavo GmbH is a medical device startup. Based on non-invasive radar sensing and artificial intelligence, Altavo is developing prosthetics to improve the rehabilitation of aphonic and severely voice-impaired patients. The company uses machine learning and state-of-the-art sensor technology to create custom voices for people who have lost their voices due to surgery or disease, enabling people to speak again with the help of speech recognition and synthesis improving the quality of life for people with speech disorders.
Funding Details
Company: Altavo GmbH
Raised: €5.0M
Round: Series A
Funding Month: February 2024
Lead Investors: OCCIDENT
Additional Investors: Novalis Biotech, Beteiligungsmanagement Thüringen, TGFS Technologiegründerfonds Sachsen, High-Tech Gründerfonds (HTGF), Saxonia Systems Holding, and TUDAG TU Dresden AG
Company Website: https://www.altavo.eu/
Software Category: AI-Voice
Source: https://www.htgf.de/en/htgf-series-a-altavo/