Voicera wants to be the company that eliminates the need for a human note taking once and for all. Their vision is an AI-driven speech recognition system that not only takes notes, but identifies speakers and summarizes key points and action points. Today, the company announced that it had acquired a similar start-up, Wrappup, an artificial intelligence-powered note-taking app that fits that vision well.
The Wrappup team immediately joined Voicera . The terms have not been disclosed.
Voicera's CEO, Omar Tawakol, certainly saw the adjustment. "The two companies have tackled the problem with meetings in a synergistic way, and Wrappup's face-to-face meeting product, in-person, complements and reinforces Voicera's initial interest in conference calls." he declared in a statement.
Wrappup's Special Force it turns out that he identifies the salient points in a meeting in a mobile context. To this end, the company also announced the launch of a new mobile application. Chances are that this combination of these two companies has been in the works for a while, and is just made official today.
Wrappup CEO Rami Salman says the association with Voicera creates a more compelling and powerful solution for customers. "Our combined technology stack and AI algorithms allow us to more accurately identify and summarize the important moments of all your meetings, no matter where they take place", a- he said in a statement.
The voice recognition tool of Voicera is a cloud service called Eva. It is designed to remove the note-taking task from the meeting experience. The company earned a $ 13.5 million Series A last month from major investors such as e.ventures, Battery Ventures, GGV Capital and Greycroft. They have also attracted the attention of venture capital investors, including GV (the Google-affiliated investment company), Microsoft Ventures, Salesforce Ventures and Workday Ventures. The level of these investors shows that the company attacks at a real painful point to meet the participants.
Wrappup is based in Dubai and was founded in 2015. It has raised $ 800,000 so far. It works with existing meeting tools, including Citrix GoToMeeting, Cisco WebEx, UberConference, and Zoom.