Morning Report: China based AISpeech raised a $75M Series D led by Oriza Holdings and China Minsheng Investment Group.
, a Suzhou city-based artificial intelligence startup, just announced a $76 million , boosting its total funding to over $121 million. The round was led by the Suzhou-based and . Other participants include , , and
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The announcement came in a day after California-based voice interface startup from , , , and .
Founded in 2007 by two University of Cambridge graduates, AISpeech develops natural language interaction technologies like speech recognition, tone analysis, dialog management, speech synthesis, and natural language processing in both Chinese and English.
Currently, the company has partnered with some of the major car video recording, smartphone, and furniture , such as Jado, , , and . Together it offers products such as an in-car operating system, intelligent robots, and smart home appliances.
As voice recognition gradually matures, companies like AISpeech are trying to turn these technologies into real-life applications that turn a profit. According to Chinese media site (link in Chinese), AISpeech is in direct competition with , a public company, as well private counterparts and .
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