Shenzhen-based VoiceAI Technologies, a startup that provides voiceprint recognition technology and intelligent voice solutions, has completed a pre-A series funding round with the backing of a Hong Kong venture fund.
The pre-A round, whose scale is said to be in the 10 million yuan level, has been led by Hong Kong X Technology Fund, according to Chinese tech news platform 36Kr.com. Other investors include Brizan Ventures.
The actual amount raised is not known.
Established in 2016, VoiceAI currently focuses on four core technologies: voiceprint recognition, automatic speech recognition, voice signal processing, and voice application. It offers services to companies and government agencies, both domestically and internationally, in areas covering the financial, insurance, judiciary and electricity sectors.
Clients include Guangdong Electric Power Communication in the mainland, and Infonavit, a federal organization providing worker housing credit in Mexico.
VoiceAI has found a solution to facilitate the release of funds through the use of artificial intelligence, and has been deploying the technology to serve the needs of about 2.5 million retirees in Indonesia.
Since May 2018, Taspen, the Indonesian state institution that manages the retirement funds for the country’s civil servants, has been using a verification system that allows pensioners to confirm their identities by simply speaking a single sentence.
The new system applies biometrics such as fingerprint, facial recognition and voiceprint to authenticate the identities of pensioners.
VoiceAI co-founder and chief executive officer Kevin Li Yatong graduated with a master’s degree in business administration program of the Chinese University of Hong Kong (CUHK) in 2016.
After it was declared the champion and outstanding model at the CUHK Entrepreneurship Competition held during the university’s Entrepreneur Day in May 2018, VoiceAI signed a memorandum of understanding with local investor Celestial Asia Securities.
In October last year, the startup teamed up with the Hong Kong University of Science and Technology’s Centre for Artificial Intelligence Research to set up a research institute in the realm of smart voice technology.
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