Ava, a San Francisco, CA-based leading live-captioning solution for accessibility, announced that it raised $10 million in Series A funding, bringing its total funding to $16.5 million.
The round was led by Khosla Ventures, with participation from Initialized Capital, Lerer Hippeau Ventures, LeFonds VC, and Ring Capital. Sorenson’s Enable Ventures, a fund by the founder of the leading interpreting and video relay services for deaf and hard-of-hearing people, has also joined the round.
With this new capital, Ava will expand its product offerings to further its mission to create a fully accessible world and revolutionize the $20 billion real-time communication access and transcription market.
Company: Transcense, Inc.
Raised: $10.0M
Round: Series A
Funding Month: May 2022
Lead Investors: Khosla Ventures
Additional Investors: Initialized Capital, Lerer Hippeau Ventures, LeFonds VC, Ring Capital, and Sorenson’s Enable Ventures
Company Website: https://www.ava.me/
Software Category: AI-powered captioning service
About the Company: Based in San Francisco, the company was founded by Thibault Duchemin who grew up as the only hearing person in his deaf family and whose mission it is to bridge the communication gaps, he has experienced his whole life. Ava’s software helps the 450M+ deaf and hard-of-hearing people across the globe participate in daily life with on-demand captions for in-person and virtual conversations. Ava’s technology is the first built for group conversations to label speakers clearly and accurately in real-time. Ava has grabbed the attention of top universities and Fortune 500 companies with customers including Nokia, Autodesk, Air France, the State of California, the USDA, George Washington University, UCLA, and major school districts across the U.S, which are utilizing Ava’s unique combination of AI-powered speech recognition technology and live captioners.
Source: https://www.notion.so/Ava-Announces-10M-Series-A-to-Create-a-Fully-Accessible-World-for-People-Who-Are-Deaf-and-Hard-of-H-36357623a36c41218475872f0445bf60