Audioburst, a Palo Alto CA, USA—based AI-powered audio search platform, received a $4.6m strategic investment from Samsung Ventures.
The investment is part of a Series A round of financing, initially announced in June, 2017, and now totalling $11.3m. Other investors in the round include Advanced Media Inc. (TYO: 3773), Flint Capital, 2B-Angels and Mobileye.
The funding deal is part of a broader collaboration between Audioburst and Samsung. The Audioburst solution will now be incorporated into millions of Samsung products around the world, beginning with Smart TVs.
Led by Amir Hirsh, co-founder and CEO, Audioburst turns connected devices in the house into an engaging voice-activated source for news, sports, entertainment, traffic, weather and many other areas of interest. The company’s platform analyzes millions of minutes of live and pre-recorded audio content each day – podcasts, radio streams and other audio sources – tagging and indexing them and making them searchable by keyword, context and topic.