Japan-headquartered speech recognition technology provider Advanced Media led a $6.7m series A round for US-based audio content platform developer Audioburst yesterday.
The round also featured venture capital funds Flint Capital and 2B-Angels as well as Mobileye investors consortium, which is likely related to Mobileye, the Israel-based driving systems technology producer acquired by chipmaker Intel for $15.3bn in March this year.
Audioburst’s platform uses artificial intelligence technology to index millions of audio files in real time, adapting and catering to the listening habits of its users. It is available across the web and mobile, in-car and internet-of-things devices.
Amir Hirsh, co-founder and chief executive of Audioburst, said in a statement: “Audioburst is essentially the Spotify for spoken word content.
“Rather than tuning into a pre-programmed station or playlist, our AI builds a unique audio stream for every listener. Each stream is built from short audio clips that are cut from diverse professional audio sources.”