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GoHub Ventures Invests in UK-based NeuralSpace to Bring Voice AI to All Local Languages Around the World

GoHub Ventures Invests in UK-based NeuralSpace to Bring Voice AI to All Local Languages Around the World

The $1.1 million add-on investment completes NeuralSpace’s Seed round of $2.8 million, which is led by GoHub Ventures and Merus Capital. Further investors are early-stage investor APX, Techstars, Verissimo and a few impactful angels.

The investment will help NeuralSpace to scale its voice AI technology alongside its existing services, which went live as a self-serve toolkit in January 2022 with Language Understanding in 90+ languages, and multiple auxiliary functionalities such as automatic data augmentation, automatic data set conversion (from Rasa, Google Dialogflow and Microsoft LUIS), language detection to capture the language preference of a user automatically, and translation to convert a user’s input whenever needed for additional context.

NeuralSpace now aims to develop the most accurate speech models (both Speech-to-Text and Text-to-Speech) for locally spoken languages. Furthermore, it develops pre-built end-to-end products such as video localization (or automatic overdubbing), which are combinations of the existing speech and text services that are already live on the NeuralSpace Platform as standalone features.

 

What is NeuralSpace?

NeuralSpace is a Natural Language Processing (NLP) company specializing in local, or low-resource languages. The NeuralSpace Platform is a collection of proprietary language models that can process up to 100 different languages. The latest funding will be used to double down on the voice AI development at NeuralSpace, which will include building models for mixing languages (such as Arabic-English, Chinese-English, Spanish-English or Hindi-English), and significantly increasing the accuracy of automatic speech recognition (ASR) models in locally spoken languages, compared to current market leaders.

Using the NeuralSpace Platform does not require any machine learning expertise, and all that is needed is a handful of data to train and continuously improve each user’s custom models. The NeuralSpace Platform is a no-code, modular user interface and each of its services, from Natural Language Understanding (NLU) to Entity Recognition, Speech-to-Text, Machine Translation and Transliteration can be taken as a standalone product, even installed on-premise if required. In the end, users only need to connect their custom models with REST APIs.

NeuralSpace’s Co-founder & CEO Felix Laumann points out that “training latest deep learning models accurately on very small data sets, which any local, low-resource language usually suffers from, is a very challenging task because models are usually designed to perform well in English with terabytes of available text and speech data but not in languages with a few hundred megabytes of data.

 

 

Private Cloud Deployment

NeuralSpace offers to deploy the NeuralSpace Platform on-premise (or “private cloud”). It has already successfully done this with Hello Ebbot, a Swedish chatbot development company operating in Scandinavian and other European languages, where the NeuralSpace Platform is hosted on infrastructure arranged and provided by Hello Ebbot. It allows Hello Ebbot to comply with GDPR requirements as customer-owned data are not shared or processed outside of the private cloud that is owned by Hello Ebbot and hosted in the European Union.

 

One-Stop Solution

One of NeuralSpace’s most important propositions for any developer is that all NLP requirements can be fulfilled within one single platform and switching between multiple vendors with different data formats for different NLP-related features is not required anymore. The NeuralSpace Platform provides various NLP-specific services like Language Understanding, Entity Recognition, Machine Transliteration, Transliteration, Speech-to-Text and many more in one place so that developers do not need to think about handling different services, payments, and contracts.

 

Scalability

One of the key advantages of the NeuralSpace Platform is its scalability. It is designed in such a way that it can linearly scale to millions of requests every hour, which is achieved by a proprietary compute-load watcher, data allocator, and training scheduler. The scalability is extensively evaluated through load testing techniques by simulating a large number of requests the NeuralSpace Platform receives at the same time, providing statistics around the limits for a given number of model replicas, and providing an estimated cost for the infrastructure required for the given load quantities. Thus, it makes it easy for any developer to assess the economic feasibility of using NeuralSpace without having to go through a lengthy process of experimentation first.

Sep 26 · 2022 GoHub Ventures

GoHub Ventures Enters the Metaverse Investing in Union Avatars

GoHub Ventures Enters the Metaverse Investing in Union Avatars

Union Avatars, a company dedicated to creating avatars for the metaverse, has raised 1,2 million euros in a funding round that has been led by the venture capital manager Inveready and FI Group, a consultancy specialized in advising companies on the management of R&D financing.

In addition, partners such as GoHub Ventures — from the Global Omnium group —, Outlier Ventures — one of the most prestigious Web3 accelerators in the world — , or Inlea have participated in the capital increase. Along with them, other private investors such as Rat Gasol or Carlos Solana have been present, providing credibility and seniority to Union Avatars from the beginning due to his long business career in the world of innovation, digital business and entrepreneurship. The resources obtained will be used mainly for product development, international expansion and talent.

The company, founded in 2020 by Cai Felip and Jordi Conejero, arose from the idea of uniting the real world with the new digital worlds that now converge in the Metaverse. Now Union Avatars is taking a new step towards Web3, that is, the integration of avatars for the metaverse into the blockchain.

Felip has been present in the blockchain world since 2014, long before even the great interest that the term Metaverse has obtained. The Co-founder and CEO of Union Avatars explains that “the big change is to have an avatar that is like a passport to any metaverse and this is possible thanks to this new integration that we are doing with Web3”.blog_fivecommmThis is the reason why the company, located in Barcelona, plans to launch UnionID, an Digital Identity project with which users will be able to have a totally secure identification system with absolute control over their privacy. Felip affirms that “UnionID will be a 100% secure identification card that will allow us to log in to different platforms without exposing our data and to be able to take our digital assets with us from platform to platform while maintaining absolute control of our privacy. Imagine that you can choose different images to show yourself on your social networks or meetings, but you can also take your favourite virtual shirt from one place to another. And all this without anyone being able to know or sell your data’’.

Currently, the team is made up of 22 people and already has more than 30 clients around the world. The main pain is the representation of people in the Metaverse, so the business is mainly based on B2B, although with the integration in Web3 and the UnionID project, the plan is to focus on the final user.

For 2023, the founders anticipate another funding round to continue growing in this incipient universe. The company has recognized advisors such as Jean Clauteaux, former CEO and Zone Manager of L’Oreal; Simonetta Lulli, former Vice President of Habbo; Fraser Edwards, CEO of Cheqd or Carles Reina, who has been part of companies such as Uber, Sonantic o Tractable.

Sep 19 · 2022 GoHub Ventures