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Innovative Voice Transcription Start-up Kristalic Raises $2 Million
The AI-powered product ensures complete user-friendly experience while recording meetings automatically creating usable data.
FREMONT, CA: Kristalic, a San Francisco-based startup raises two million USD as a part of seed round funding for a product that demands personal cloud-based memory bank. The investors include Donuts co-founder Paul Stahura, 3Rodeo, Renegade Ventures, Fairchild Fund II, Moai Capital, and an investor from Sequoia Capital’s Scout program.
Kristalic is an AI-powered assistant designed to record work-related information. As a product to save time that is helpful for professionals, it automatically takes important notes, by personalizing the meeting records.
Kristalic is designed in a way where the app does not require any additional software. Rather, they work in an already available hardware such as AirPods, where it voice records the conversation. The app also modifies verbally to interact with people. The company now is working with beta users who have a meeting every now and then.
Fillip Kozera, co-founder of Krystalic mentioned, “For this approach, we have access to a phenomenal team specialized in extracting the most important information from sequences with deep learning.”
In addition to this, other similar startups such as Otter.ai, Voicea, and tools from Microsoft and Google also perform the same task as Krystalic. The product usage gets better day by day as it learns what notes the user prefers.
Earlier this year, the company was ranked among the top pitches at a Demo Day. Kristalic is a company graduate from TechStars Seattle. Four researchers have been working part-time with Kristalic, later mentioned will be working for full time in coming months.
Co-founders of Kristalic, Kozera, and Jos van der Westhuizen have masters’ degree and Ph.D. from Cambridge University respectively, along with their third co-founder Derrik Van Schalkwyk, who completed his masters in civil engineering informatics from Stellenbosch University.
In comment, one of the investors recently has predicted that the recognizing ability of voice tech, high personalization capabilities and user-friendly platforms would replace keyboards in the near future. Tech giants like Google are also working on bringing similar voice related transcription products.