Voice assistant startup Slang Labs as a Service is raising $ 500,000 with Google-led funding

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Slang Labs, one of India’s industry leaders in in-app voice assistants and a pioneer in Voice Assistant as a Service (VAaaS) technology, is the first to secure funding from Google in this space. It became one. Above all an assistant. The Bangalore-based startup has raised a total of $ 500,000 for fundraising activities led by Google Assistant through an investment program involving 100x entrepreneurs, Thomas George, Belmulgan and Endia Partners. ..

Kumar Rangarajan, Co-Founder and CEO of Slang Labs, was delighted with this support. “So they (Google) usually help businesses build their skills on the Google Assistant. We’re the first in-app voice assistant they’ve helped, the Parallel Assistant Framework. ”He said. He added that the funds would be used to scale operations as well as sales and marketing efforts. In addition, foreign companies are also listed on the map that are very likely to be implemented by the end of this year. This will help the platform to significantly increase the number of consumers and grow to up to 400 million people in the tier 2 market.

It’s pretty easy to understand how technology works. All that happens is that the multilingual assistant is embedded as a multi-model overlay in the e-commerce app and enables direct voice interaction with its interface. The mix includes a variety of intelligent AI components, from automatic speech recognition (ASR) to text-to-speech (TTS).

He also said, “Right now we’re looking at English speaking markets like the United States, Australia and the United Kingdom, and we’re also talking about the Middle East. We are already in talks with a number of customers in these markets. . “

The company is known for its “Slang Conva” technology, a pioneer in Voice Assistant-as-a-Service, a tool that enables e-commerce platforms to integrate multilingual in-app voice assistants into their products. This means that customers and buyers can only view and execute online transactions with their own voice, and in their preferred language.

Slang Labs was founded in 2017 by Rangarajan with Satish Chandra Gupta and Giridhar Murthy and has been a leader in VAaaS products ever since. Rangrajan is a household name in Indian industry. One of its startups, Little Eye Labs, became the first Indian company to be acquired by Facebook in 2018. We have developed a software tool to analyze the performance of Android apps.

This new funding was triggered by an expansion of the customer base, particularly in addition to improved consumer interaction and integration this quarter. Today Slang Labs’ customer base includes well-known companies such as Shine.com, BigBasket, and RedBus. And that’s not all. It is expected that only a handful of other major customers will be added in the next month. For the same reason, the company is increasingly penetrating the Indian e-commerce market.

In Langarajan’s words, “Last year more than 40% of e-commerce transactions came from Level II and III cities. More and more brands are offering a much better customer experience than they traditionally offer. I know I have to be able to do it, ”he said. “The voice experience is the easiest way and the easiest way to reach more people.”

Voice assistant startup Slang Labs as a Service is raising $ 500,000 with Google-led funding

Source link The voice assistant startup Slang Labs as a Service is raising $ 500,000 with funding sponsored by Google

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