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CY Venture, Startup, M&A, etc. 2024-05-21 09:25 UTC
177 #startup #preseed #AI #deeptech #B2B #SaaS #revenue

A team of professionals has developed a high-tech product for speech processing.
By using spiking networks (similar to how the brain works), many problems of existing analogs have been solved.
Currently, the product can more accurately recognize speech from multiple people speaking simultaneously (most analogs fail here), quickly determine the language (very few analogs can quickly identify Finnish or Estonian, Japanese or Korean). The product has a significant technological advantage in the market due to its truly outstanding deep tech.

At present, a Japanese research center is eager to have this project on their campus because of the team and their technologies.
The project already has clients and initial revenue.
Several trials are expected to convert to commercial subscriptions shortly, and the project will break even.
Sales geography includes the USA, Canada, Europe, and Asia.

The product is sold through Amazon to platform solutions (call centers, streaming platforms, etc.).

This round will enable the achievement of the required metrics to attract the next round of $700K in late autumn (there are already two venture funds interested in investing in the next round).

The project has breakthrough technology that has garnered interest in related fields (where work with frequency-format information is needed).

Type: Pre-seed
Raising: $150,000 SAFE
Minimum Check: $50,000

Запрос питчдека и/или интро через @olegcyprus
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