Yap pioneered a high accuracy, automated speech recognition platform for long duration dialogues.
Business Model: B2C
Revenue: $24.5M
Employees: 51-200
Address: 1930 Camden Rd
City: Charlotte
State: NC
Zip: 28203
Country: US
Yap pioneered the world&s;s first high accuracy, automated speech recognition platform for "long duration" dialogues. Long duration dialogues are conversations and audio content ranging from 5 seconds to several hours. Yap specializes in accurately transcribing these dialogues for a variety of different scenarios including voicemail-to-text, conference call transcriptions, analysis of customer phone calls and voice-activated mobile messaging. The company was a TechCrunch finalist in 2007. Their management team previously worked on Apple&s;s iPod, Honda&s;s navigational systems, IBM&s;s ViaVoice, Microsoft&s;s Tellme speech division and Nuance&s;s Dragon products. Yap white labels its SaaS platform -- i.e., Yap Speech Cloud(TM) -- to enable diverse use cases, including messaging, call analytics and voicemail-to-text. For example, Microsoft uses Yap for voice-based mobile messaging applications. Their end users can say anything they want to and have Yap&s;s platform transcribe it into text (far more convenient than typing on the fumbling with a devices keypad while driving). MetroPCS also is a Yap customer. Cincinnati Bell, a regional carrier, uses Yap-based technology to convert subscriber voicemails into text. The carrier was a competitive win away from SpinVox (now Nuance). Part of the allure for Yap&s;s service is that it&s;s completely automated. That means there is no need for humans listening to messages, typing them out, and then sending them back out, giving Yap a real advantage in ensuring privacy. Because Yap is completely machine powered, the company is able to offer lower costs, higher speeds and greater consistency.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2008 | Series A | 4 | $6.5M |
Sunbridge Partners Timothy Biltz Harbert Management Corporation Pittco Capital Partners Sunbridge Partners Sunbridge Partners Timothy Biltz Harbert Management Corporation Pittco Capital Partners Sunbridge Partners |
1/2007 | Angel Round | 2 | $1.5M |
Mark Stabingas Timothy Biltz Timothy Biltz Mark Stabingas Timothy Biltz Timothy Biltz |
10/2010 | Debt Financing | 1 | $2M |
Western Technology Investment Western Technology Investment Western Technology Investment Western Technology Investment |
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