May 8, 2015 -
Indian speech recognition solutions developer Uniphore Software Systems announced that Infosys co-founder Kris Gopalakrishnan has invested an undisclosed amount in the company’s Series A funding round, according to a report by the India Times.
Gopalakrishnan is the latest to invest in Uniphore, joining existing investors IDG Ventures India, India Angel Network (IAN), Yournest Fund and Stata Venture Partners in this latest funding round.
“Continuing on my theme of backing inclusive innovations, I am optimistic of the success of Uniphore,” Gopalakrishnan said in a statement. “Man-machine communication is one of the more complex problems to solve. Uniphore’s vision lends possibility of finding a solution to this very difficult problem and the company has already made substantial progress.”
Uniphore had previously raised USD $1 million in an angel round of funding and was incubated at IIT Madras, where it received a USD $100,000 grant from National Research Development Corporation in 2008.
“The current fund-raising will fuel Uniphore’s global expansion and product and core technology development plans,” said Umesh Sachdev, co-founder and CEO of Uniphore Software Systems. “This investment is a powerful endorsement of Uniphore’s ability to provide unique and measurable value to our enterprise customers across industries through speech recognition technology. Additionally, these Series-A funds help us attract the best of the talent the industry has to offer,”
Uniphore provides a range of speech-related solutions including voice biometrics, virtual assistant and speech analytics.
The company has a range of clients including Mashreq Bank in Dubai and EastWest Bank in Phillippines.
Previously reported, Uniphore developed a customized voice solution that combines speech recognition and voice biometrics to provide a more inclusive information service for rural markets.