Sanas Announces $32 Million Series A for Speech Technology Company

Record Series A Round Will Be Used to Further Develop the AI-based Technology and Expand Business Within the U.S. and Abroad PALO ALTO, Calif., June 22, 2022 /PRNewswire/ -- Sanas, the world's first real-time accent translation technology company, today announced a $32 million Series A, the largest Series A round in history for a speech technology company, led by Insight Partners with participation from GV, Assurant Ventures and angel investor Gokul Rajaram. Sanas' accent translation technology allows for deeper personal choice when it comes to people's voices, can help increase foreign language fluency and addresses communication challenges between global teams and customers. Alorica, one of the largest BPOs in the world, has announced a strategic partnership with Sanas to take this groundbreaking technology to their 100,000 employees and 250 enterprise customers across the globe. Existing investors Human Capital, General Catalyst, Quiet Capital and DN Capital also participated in the round. Sanas was established by three Stanford students coming out of the renowned Stanford Artificial Intelligence Lab (SAIL) with the aim of increasing individual choice when it comes to the form people speak a native or foreign language powered by real-time accent translation. Headquartered in Palo Alto, Calif., Sanas' members and advisors include some of the top speech machine learning scientists in the world. "Sanas' real-time speech engine has the potential to disrupt and revolutionize communication," said Assurant Chief Strategy and Risk Officer Bob Lonergan. Now, anyone can sound local on a global scale in different languages and regions – highlighting a breakthrough for multinational enterprises. (PR Newswire). Continue reading.

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