A word cloud at the top of each recording tracks the most-used terms.
Transcriptions are processed in the cloud and made available from the web, in Dropbox, or in Otter’s mobile app for iOS and Android devices, where they can be searched, copied and pasted, scrolled through, edited, and shared. It can distinguish among speakers using a technique called diarization, generating a unique print for each person’s voice. Otter’s core technology, which was developed by a team hailing from Google, Yahoo, Facebook, MIT, Stanford, Duke, and Cambridge, is optimized for conversations. More recently, Otter.ai launched Otter for Teams, a subscription solution designed to accommodate the needs of small and medium-sized businesses with account management, provisioning, reporting, and other features, as well as single sign-on support and collaborative tools that let users highlight bits of conversations. The capital infusion comes nearly a year after Otter.ai brought Otter to the education market with Otter for Education, which lets school instructors control access to recorded transcripts and complements student disability services and accessibility technologies. According to Otter.ai founder and CEO Sam Liang, students are using Otter to transcribe and review the content of lessons, click on sections of text, and start voice playback. This brings Otter.ai’s total venture capital raised to $23 million, following previous rounds totaling $13 million.Īs part of Docomo’s investment, the Tokyo-based mobile phone operator says it’s piloting Otter in Berlitz’s English language classes in Japan. Today the company confirmed to VentureBeat that it has raised $10 million in a round led by strategic backer NTT Docomo’s Docomo Ventures, with participation from Fusion Fund, GGV, Dragon Fund, Duke University Innovation Fund, Harris Barton Asset Management, Slow Ventures, and others. But Otter.ai (formerly AISense) - the startup behind speech-to-text service Otter - has managed to carve out a niche for itself in the four years since its founding. There’s no shortage of competition in the audio transcription market, which is estimated to be worth $31.82 billion by 2025. Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23.
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