SoundAI Completes Its Series B Financing of USD 29 Million on December 29
The science and technology innovation company, SoundAI Technology, specialized in acoustics frontier technology and artificial intelligence interaction, has completed its series B financing of USD 29 million.
Dec 30, 2018 /EqualOcean/ - The science and technology innovation company, SoundAI Technology (声智科技), announced that it acquired its Series B financing of USD 29 Million on Dec 29, 2018. This round of funding is led by Addor Capital (毅达资本), followed by Frees Fund (峰瑞资本) , Zhengju Capital (正居资本), Zhongguancun Bank (中关村银行) and InnoVen Capital.
SoundAI Technology claimed that this series of funding will be invested in acoustics frontier technology and artificial intelligence interaction, which means SoundAI can increase its core competence, and speed up its development in the next stage.
Founded in 2006, SoundAI Technology is currently valued at USD 145 million after 4 rounds of financing. Cooperated with top technology companies in China, SoundAI is one of the top service companies in the field of intelligent interation system and services.
There are 6 co-founders in SoundAI, and 5 of them are from The Institute of Acoustics of the Chinese Academy of Sciences. As the co-founders have a strong background in acoustic front-end module, SoundAI positions itself as a technology provider and seek cooperation with top companies in various fields like intelligent housing, intelligent vehicle, intelligent safe-guard, intelligent finance, intelligent education, intelligent medication and robots industries.
Currently, SoundAI has applied its advanced technology in its system and products. By providing its intelligent acoustic system: SoundAI Azero, the cooperated products can have the intelligent ear in various scenes. The advanced technology SoundAI provides can increase the accuracy and convenience in the Artificial Intelligent acoustic interaction. The upgraded technology can improve the product quality by improving the users' experience with faster AI reaction speed.
Besides the advanced artificial intelligent system SoundAI Azero, SoundAI also provides high quality hardware with acoustic technology. For instance, SoundAI can provide hardware like chips, modules, development board and whole set of machine. With leading technology in both system and products, SoundAI has strong cooperation with technical companies like Baidu, Alibaba, Tecent, ARM, NVIDIA, Xilinx, Cypress, Bosch, Cadence, etc.
Under the environment of rapid development in artificial intelligence and IoT (Internet of Things), SoundAI has released several cooperated smart speakers. As the smart speakers could be the core controlling and interacting machine in smart home, SoundAI has a high possibility to grasp the market needs in recent future.
- Author: TANG Shiyu. Write to TANG Shiyu at ShiYu@EqualOcean.com