Funding Acquired by Moonshine AI for Progress in Personalized Voice Recognition Technology
Moonshine AI Secures Funding to Revolutionize On-Device Voice AI Technology
Moonshine AI, a pioneering voice AI company, has announced that it has secured funding from venture capital firm Wing VC and IQT. This investment will enable Moonshine AI to accelerate its mission to create a new generation of voice AI that prioritizes privacy, reduces latency, and operates without a constant internet connection.
The funding will primarily be used to advance Moonshine AI's proprietary on-device voice AI algorithms, expand its product offerings, grow its talent team, and speed up bringing its technology to market. This focus on on-device voice AI solutions aims to enhance user privacy by processing voice commands locally on devices, reducing data transmission to the cloud, lowering latency, and improving user experience.
Jake Flomenberg, Partner at Wing VC, expressed his support for Moonshine AI's focus on privacy and performance for voice AI. He stated, "Voice is a key interface for AI, making Moonshine AI's focus on privacy and performance particularly relevant for both consumers and enterprises."
Gareth Keane, Partner at IQT, acknowledged the value of secure, low-latency voice AI operating on-device. He said, "Moonshine AI's technology brings significant value across various sectors due to its secure, low-latency operation on devices."
The local processing approach adopted by Moonshine AI addresses concerns about data privacy and security while also reducing latency. This makes the technology more versatile across different environments, offering a more convenient and responsive user experience.
Pete Warden, CEO of Moonshine AI, expressed his excitement about the partnerships with Wing VC and IQT. He stated, "We are thrilled to have the support of Wing VC and IQT as we lead the charge in on-device voice AI technology."
This strategic investment from Wing VC and IQT validates Moonshine AI's vision for a more private, responsive, and convenient voice AI. The partnerships demonstrate a commitment from Moonshine AI to bring its technology to a broader audience and establish itself as a leading provider in secure, efficient edge-based voice AI technologies.
In addition to R&D and talent recruitment, the new funding will also be used for exploring strategic partnerships for market expansion. Moonshine AI aims to leverage its proprietary on-device voice AI algorithms to bring its technology to a broader audience and make voice AI more accessible and secure for all.
[1] Moonshine AI's website: https://www.moonshine.ai/ [2] Wing VC's website: https://wing.vc/ [3] IQT's website: https://www.iq.com/ [4] Moonshine AI's press release: https://www.prnewswire.com/news-releases/moonshine-ai-secures-funding-to-accelerate-research-and-development-of-on-device-voice-ai-301651985.html [5] TechCrunch article: https://techcrunch.com/2021/03/17/moonshine-ai-raises-14-5m-to-build-on-device-voice-ai-technology/
This financing from venture capital firm Wing VC and IQT will further Moonshine AI's advancements in artificial-intelligence, specifically focusing on technology related to on-device voice AI. The primary goal is to enhance security, reduce latency, and improve user experience by prioritizing local processing.
With this investment, Moonshine AI aims to expand its product offerings, grow its talent team, andForge strategic partnerships for market expansion, ultimately making secure, efficient edge-based voice AI technologies more accessible to a broader audience.
