Voice biometrics startup VoiceAI raises $1.5M in pre-A Series investment
Voice recognition startup VoiceAI Technologies has received roughly 10 million yuan (US$1.5 million) in pre-A Series funding led by Hong Kong X Technology Fund, the Hong Kong Economic Journal reports.
Shenzhen-based VoiceAI provides voiceprint recognition, automatic speech recognition, voice signal processing, and voice application services to companies and governments for financial, insurance, and utility sectors and justice systems. The company’s services are used by some 2.5 million retirees in Indonesia to facilitate fund transfers with voice and artificial intelligence technology. A new system allows pensioners to use voice, fingerprints, or facial biometrics to authenticate their identities. Other major clients include organizations in China and Mexico.
The company was declared champion and outstanding model at the Chinese University of Hong Kong (CUHK) Entrepreneurship Competition in 2018, after which the VoiceAI signed a memorandum of understanding with Celestial Asia Securities, a local investor. VoiceAI Co-founder and CEO Kevin Li Yatong had previously earned his master’s degree from CUHK.
In October, 2018, VoiceAI launched a research institute for smart voice technology in collaboration with the Hong Kong University of Science and Technology’s Centre for Artificial Intelligence Research.