Chennai-based speech recognition solutions company, Uniphore Software Systems, secured an undisclosed amount of Series A round of funding from Infosys Co-founder Kris Gopalakrishnan.
Its existing investors IDG Ventures India, Indian Angel Network (IAN), Yournest Fund, and Stata Venture Partners also participated in the round.
The startup plans to utilize the funds in global expansion and product & core technology development.
Commenting over the investment Kris Gopalakrishnan said, “Continuing on my theme of backing inclusive innovations, I am optimistic of the success of Uniphore.” Man-machine communication is one of the more complex problems to solve in which Uniphore’s vision has lend the possibility of finding a solution to this difficult problem and the company has already made substantial progress,” he added.
Incubated at IIT Chennai in 2008 and founded by Umesh Sachdev, Uniphore provides solutions that extend the power of speech to revolutionize human-machine interaction. Its software application helps understand and respond to natural human speech enabling humans to use the most natural of communication modes, speech, to engage and instruct machines.