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March 13, 2014

Deal Alert: YourNest, Indian Angel Network, Ray Stata invest in voice tech firm Uniphore

YourNest Angel Fund, Indian Angel Network (IAN) and Ray Stata have invested in Uniphore Software Systems, a Chennai-based player in Indian language speech recognition solutions. This round of investment was led by IAN members Nagaraja Prakasam and M V Subramanian. IAN member Prakasam will join the board of the company. The funding will be primarily used to expand Uniphore's global presence, by foraying into other non-English speaking regions such as southeast Asia and the Middle East. Uniphore will also look to strengthen its speech-based products, creating more context-aware, personalised applications.

Source: Times of India 

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