Nigerian startup Intron Health gets $1.6m for speech recognition tool
TLDR
- Intron Health, a clinical speech recognition startup, raises $1.6 million in pre-seed funding for developing innovative African accent recognition tool.
- Funding led by Microtraction with participation from Plug and Play Ventures, Jaza Rift Ventures, Octopus Ventures, and more.
- Intron Health focuses on noise cancellation, function in low bandwidth, multi-speaker transcription, and text-to-speech integration with new funding.
Intron Health, a clinical speech recognition startup, has raised $1.6 million in pre-seed funding to further develop and deploy its innovative speech recognition tool designed to understand African accents.
The funding round was led by Microtraction and saw significant participation from Plug and Play Ventures, Jaza Rift Ventures, Octopus Ventures, Africa Health Ventures, OpenseedVC, Pi Campus, Alumni Angel, Baker Bridge Capital, and several angel investors.
With the new funding, Intron Health aims to advance its technology by perfecting noise cancellation, ensuring platform functionality in low bandwidth environments, enabling the transcription of multi-speaker conversations, and integrating text-to-speech capabilities.
Key Takeaways
Artificial Intelligence has been generating buzz worldwide, and Africa is no exception. With the release of OpenAI's consumer-facing ChatGPT tool and the viral success of other generative AI tools like Dawn AI, Copy AI, Dall-E, and Midjourney, interest in AI has reached unprecedented heights. But AI’s impact goes beyond generating text or images; it's being used to solve a wide range of problems across different sectors. African startups and businesses are increasingly adopting the technology in fields like healthcare, education, agriculture, transportation, and in Intron Health's case, to improve efficiency and drive growth in the healthcare space. Quantifying the AI market opportunity in Africa is challenging, but estimates suggest it could reach $190 billion by 2025.
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