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China Voice Recognition Firm SpeakIn Raises Tens Of Millions Of RMB In Series A Rounds

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Shenzhen-headquartered voice recognition firm SpeakIn Technologies Co.,Ltd. has raised tens of millions of RMB in a series A2 round funding led by Yuanchuang Capital, after raising tens of millions of RMB from a series A1 round led by IDG Capital in May, the company announced. 

Hongzhi Capital and Fuyu (Shanghai) Investment Management co. also participated in the A1 round.

Founded in 2015, SpeakIn focuses on voice recognition technology for both industrial and retail applications. Its technology can recognize the gender and emotions of speakers and separate different voices in an interactive environment. The company has also developed a system to collect and analyze voices, and a microphone that can gathers voice information in a complex sound environment. Its technology has been applied in Tencent’s second-generation robot Qrobot.

“Voice is the most natural interaction of human beings, but compared with facial recognition, there is not much breakthrough in voice recognition. SpeakIn has attracted top AI talents to tackle the issue and has provided many solutions,” said Fang Yuan, founder of Yuangchuang Capital. “We hope SpeakIn will use the funds to expand its technical advantage into a business advantage.”

Yuanchuang Capital is co-founded by state-owned Guangzhou Industrial Investment Fund Management Co., Ltd. and Shanshan Group Co., Ltd., whose businesses include apparel, technology and investment in China. Yuanchuang Capital focuses on  investments in technology, media and telecommunications, consumer and new materials. Guangzhou Industrial Investment Fund Management is one of China’s biggest state-owned investment funds, with more than RMB180 billion asset under management.

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