NovoSpeech

Full-featured Speech Recognition that Works

Business Software

Non Active, Nov 2014

Company Overview

Snapshot

Founded in September 2011, NovoSpeech operates with 1–10 employees. The company has raised $500,000 across one funding round from two investors. In January 2013, NovoSpeech secured funding from The Trendlines Group.

Business overview

NovoSpeech develops advanced speech recognition technology designed to improve human-machine interaction. Its core technology re-examines traditional approaches to deliver highly noise-robust, speaker-independent, and on-device continuous speech recognition with superior accuracy. The company serves markets including the United States and Canada, operating within the Business Software sector, specifically focusing on Artificial Intelligence, Voice & Speech Recognition, Natural Language Processing, and Mobile platforms.

Strategic signal

In January 2013, NovoSpeech raised $500,000, a significant early-stage investment that validated its innovative approach to speech recognition technology. This funding signaled investor confidence in the company's potential to address critical bottlenecks in existing ASR solutions, particularly its ability to achieve high accuracy in noisy environments and reduce computational complexity by enabling on-device processing. This milestone positioned NovoSpeech to further develop its proprietary engine and expand its product offerings like Quasar1000 and Speech++.

Company Intelligence Q&A

What is NovoSpeech's primary focus?: NovoSpeech focuses on re-inventing speech recognition technology to enable more natural and accurate human-machine interfaces, particularly for mobile devices.
When was NovoSpeech founded?: NovoSpeech was founded in September 2011.
What is the key advantage of NovoSpeech's technology?: NovoSpeech's technology offers highly noise-robust recognition accuracy, enabling unprecedented performance even in real-life noisy environments, and dramatically reduces computational complexity by deploying large-vocabulary continuous speech entirely on mobile devices.
How much capital has NovoSpeech raised?: NovoSpeech has raised $500,000 across one funding round.
Which investor participated in NovoSpeech's funding round?: In January 2013, NovoSpeech raised $500,000 in a funding round from The Trendlines Group.

External links

NovoSpeech — full profile (machine-readable)

The Speech Recognition Challenge: Speech is one of the most intuitive means by which we interact with our surroundings. Automatic speech recognition (ASR) is a complex technology that aspires to allow humans to interface with machines in this most natural of modalities. Yet, despite great advances in ASR, the user experience with ASR-based interfaces in real-life environments is still not good enough for speech recognition to be embraced by the mass market. In fact, analysts believe that ASR, despite its potential as a killer app, has achieved only 15-20% of its market potential. The NovoSpeech Technology Re-inventing Speech Recognition: NovoSpeech has analyzed the bottlenecks inherent to existing speech recognition solutions and re-examined the approaches that were being applied in the past. This meticulous, out-of-the-box thinking has led us to introduce proprietary changes deep within the speech recognition engine resulting in a robust, speaker-independent, on-device, continuous speech recognition technology with superior accuracy rates. The NovoSpeech Advantages: -Highly noise-robust recognition accuracy: Unprecedented accuracy even in real-life (noisy) environments. Benchmarking results show a game-changing 35% improvement in NovoSpeechs accuracy as compared to state-of-the-art ASR. -Dramatic reduction of computational complexity: NovoSpeech deploys large-vocabulary continuous speech entirely on the mobile device, eliminating the constraint of current ASR mobile solutions that must be connected to the cloud. -Speaker-independent: Accurate identification of words regardless of gender, accent, or speaking style.

Facts
Name	NovoSpeech
One-liner	Full-featured Speech Recognition that Works
Type	Startup
Primary sector	Business Software
Founded	2011
Employees	1-10
Employees (exact)	6
HQ / location	Ramat Gan, Bezalel Street 4, Ramat Gan, Israel, Center District
Product stage	Released
LinkedIn	https://www.linkedin.com/company/novospeech
Crunchbase	novospeech
IL Registrar	514127117

Facts

Name

NovoSpeech

One-liner

Full-featured Speech Recognition that Works

Type

Startup

Primary sector

Business Software

Founded

2011

Employees

1-10

Employees (exact)

HQ / location

Ramat Gan, Bezalel Street 4, Ramat Gan, Israel, Center District

Product stage

Released

https://www.linkedin.com/company/novospeech

Crunchbase

novospeech

IL Registrar

514127117

Classification
Sectors	Business Software, IT, R&D & Data Solutions, Product Development Tools, Project Management & Collaboration, Software Development Tools
Core technology	Artificial Intelligence, Voice & Speech Recognition, Natural Language Processing, Platforms & Interfaces, Mobile
Target customers	Enterprise & Professional Services, Enterprises
Business models	B2B
Tags	mobile-applications, speech-recognition, app-development, telecommunication, natural-language-processing, mobile-devices, noise-reduction, voice-recognition

Classification

Sectors

Business Software, IT, R&D & Data Solutions, Product Development Tools, Project Management & Collaboration, Software Development Tools

Core technology

Artificial Intelligence, Voice & Speech Recognition, Natural Language Processing, Platforms & Interfaces, Mobile

Target customers

Enterprise & Professional Services, Enterprises

Business models

B2B

NovoSpeech

Company Overview

Snapshot

Business overview

Strategic signal

Company Intelligence Q&A

External links

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