VoiceBox Technologies

VoiceBox Technologies — the American developer of technologies of voice artificial intelligence and perception of a natural language founded in 2001. The company which is considered the pioneer in this area uses the analysis of arrays of language data and applies machine learning to create the advanced AI models capable to more exact linguistic work.

VoiceBox advances the VoiceAI platform which is applied in consumer electronics, devices Internet of Things and cars. Among the clients using this solution the companies appear Toyota and Samsung.

According to information from social network LinkedIn, by May, 2018 the company has more than 180 employees and offices in the USA, Europe and Asia. The volume of the involved investments is measured by $25 million.

History

2018: Nuance purchased VoiceBox for $84 million

In May, 2018 it became known of VoiceBox Technologies sale to software developer for recognition of a voice of Nuance Communications. Judging by the documents provided to the U.S. Securities and Exchange Commission (SEC), the cost of the transaction was $82 million.

The press release concerning accession of VoiceBox to Nuance is not issued, however the CEO and the cofounder of VoiceBox Mike Kennewick confirmed the transaction to the GeekWire edition. Terms of agreement do not reveal.

Nuance purchased the pioneer in the field of technologies of perception of a natural language

Merger of Voicebox indicates that the market of voice assistants really gains steam, and it is not simple speech recognition any more, the venture partner of Madrona Venture Group and professor of the University of Washington Dan Weld who was the adviser of Voicebox in due time says.

To the market the necessary full dialogue functions with semantic analysis of what is told by the user, an opportunity to do something from a user name and the multi-turn contextual answer — he noted.

According to forecasts of analysts of ResearchandMarkets, by 2025 the volume of the world market of sensing technologies of a voice and the speech will grow to $6.7 billion from $1.1 billion in the 2017th.^[1]

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