aiOla News
17 articles
growth-positive
Startup eyes real-world speech recognition challenges in aviation and beyond.
aiOla, an Israeli voice and conversational AI company, has secured $25 million in a Series A2 funding round, increasing its total funding to $58 million. The round includes a strategic investment from United Airlines Ventures, indicating potential collaboration between the airline and aiOla. The company specializes in converting spoken information into structured data in challenging environments. United Airlines Ventures is exploring the application of aiOlas technology across its operations to streamline tasks. The funding comes amid growing demand for voice AI, with aiOla focusing on industry-specific speech recognition solutions. Additionally, aiOla has appointed new executive staff members, including Alon Peleg as COO.
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/PRNewswire/ -- aiOla, a leading deep tech voice & conversational AI lab, today announced a $25 million Series A2 round that included United Airlines Ventures...
aiOla, a deep tech voice and conversational AI lab, announced a $25 million Series A2 funding round, with United Airlines Ventures as a strategic investor. This investment brings aiOlas total funding to $58 million and marks the beginning of a potential collaboration with United Airlines to explore aiOlas technology for various use cases. aiOlas technology converts spoken data into structured data, even in challenging environments, and supports over 100 languages. The companys patented AdaKWS model detects industry-specific jargon with high accuracy. aiOla aims to accelerate the adoption of its Voice AI platform, offering tools through a simple API for enterprise use cases.
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growth-positive
הסטארט-אפ הישראלי עוקף את OpenAI: "פריצת דרך משמעותית"
Israeli Deep Tech company aiOla has launched a new technological development called Jargonic, a speech-to-text model designed to handle background noise, poor audio quality, accents, and professional jargon. This innovative model allows for accurate transcription of conversations and technical terms across various work processes, offering rapid integration capabilities via API. Developed by aiOlas research team, led by Prof. Yossi Keshet, the model can recognize professional terms, slang, and abbreviations in over 100 languages in real-time. The platform aids organizations in transforming manual processes into precise, data-driven voice processes. It includes wearable microphones, customized apps, an NLP engine, and smart integration tools. The development is a significant breakthrough in how speech recognition models process professional terms and internal organizational jargon.
growth-positive
/PRNewswire/ -- aiOla, a leader in speech AI technology, has been named the Top Tech Startup by Food Logistics and Supply & Demand Chain Executive, two leading...
aiOla, a leader in speech AI technology, has been recognized as the Top Tech Startup by Food Logistics and Supply & Demand Chain Executive. This accolade follows their recent win as the 2024 Top Software & Tech Award winner in Warehouse Automation. These awards highlight aiOlas innovative contributions to the supply chain and logistics industry, particularly through AI-powered automation. aiOlas technology integrates Natural Language Processing and Automatic Speech Recognition to enhance efficiency and collaboration in business operations. The solution supports over 120 languages and achieves a 95% accuracy rate, even in noisy environments. The recognition underscores aiOlas mission to transform traditional workflows and improve supply chains through advanced speech technology.
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/PRNewswire/ -- aiOla, a leader in speech AI technology, announced today the release of the first-of-its-kind AI model for automatic speech recognition with...
aiOla, a leader in speech AI technology, has launched Whisper-NER, an innovative AI model for automatic speech recognition with built-in named entity recognition capabilities. This model addresses key challenges in ensuring data privacy and security by automatically detecting and masking sensitive information during transcription. Unlike traditional methods that process transcribed text in multiple steps, Whisper-NER performs these tasks simultaneously, reducing vulnerability and enhancing compliance. The model is adaptable for various applications and is available as an open-source solution on GitHub and Hugging Face. This release marks a significant advancement in ethical AI practices, fostering trust in secure speech data collection.
growth-positive
/PRNewswire/ -- aiOla, a leader in AI speech technology automating business workflows through spoken data capture, today announced that it has been named on...
aiOla, a leader in AI speech technology, has been recognized by Fast Company on its fourth annual Next Big Things in Tech list. This accolade highlights aiOlas groundbreaking advancements in automating business workflows through spoken data capture, which have a profound impact on industries such as aviation, manufacturing, and logistics. aiOlas technology integrates Natural Language Processing and Automatic Speech Recognition, supporting over 120 languages with 95% accuracy. This recognition underscores aiOlas role in shaping the future of enterprise technology by empowering frontline workers with efficient, AI-powered solutions. The companys innovative approach replaces manual processes with data-driven, paperless workflows, setting new benchmarks in AI speech recognition.
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/PRNewswire/ -- aiOla, a global leader in advanced AI speech technology, announced today that Prof. Dr. Bhiksha Raj, a renowned automatic speech recognition...
aiOla, a leader in AI speech technology, announced that Dr. Bhiksha Raj, a prominent researcher in automatic speech recognition, is joining the company as a Distinguished Scientist. Dr. Raj will collaborate with aiOlas Chief Scientist, Dr. Yossi Keshet, to drive advancements in AI-powered speech innovation. This partnership marks a significant milestone for aiOla, as it aims to push the boundaries of speech technology. Both scientists bring extensive experience and have made substantial contributions to the field. Their collaboration is expected to enhance aiOlas intellectual property and patent portfolio, further solidifying its position as a leader in the industry. aiOlas technology, which supports over 120 languages, is known for its low error rate and ability to convert manual processes into AI-powered workflows.
Management Changes
growth-positive
aiOla releases breakthrough AI model that's 50% faster than OpenAI's Whisper
aiOla has announced the release of its new open-source AI model, Whisper-Medusa, which outperforms OpenAIs Whisper by performing 50% faster with no loss in performance. Whisper-Medusa improves the speed by predicting ten tokens at a time, resulting in a 50% increase in speech prediction speed and generation runtime. The models weights and code have been released on GitHub and Hugging Face for the community to access. aiOla plans to release a 20-head version of Whisper-Medusa with equivalent accuracy in the future.
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aiOla appoints Alon Peleg as Chief Operating Officer | CTech
Speech recognition technology company aiOla has appointed Alon Peleg as its new Chief Operating Officer (COO). Peleg, who has over 20 years of experience and has held managerial positions at Wix, CISCO, and Intel, will help streamline operational efficiencies and accelerate aiOla’s global expansion. aiOla uses patented technology to understand more than 100 languages and discern jargon, abbreviations, and acronyms. Its technology converts manual processes in critical industries into data-driven, paperless, AI-powered workflows through speech recognition with low error rates in noisy environments.
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5 Things to Consider When Bringing Speech AI Into Your Business
The article discusses the potential of Generative AI, particularly speech-based technologies, in transforming traditional industries like logistics and manufacturing. It highlights the benefits of speech AI, such as understanding multiple languages, capturing spoken data, and fostering communication across borders. However, it also points out challenges such as language barriers, accuracy, background noise, and industry-specific lingo. The author suggests a customized approach for implementing speech AI in enterprises, including assessing employee engagement, monitoring for accuracy, real-world testing, and defining and measuring success.
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growth-positive
Amir Haramaty, CEO & Co-Founder of aiOla - Interview Series
Amir Haramaty, CEO and Co-Founder of aiOla, discusses the companys mission to make speech workable and optimize industry-specific processes with complete accuracy. The companys patented technology is multilingual, recognizes jargon, abbreviations, and acronyms, and is error-free, even in noisy settings. aiOlas technology combines Automatic Speech Recognition (ASR) with Natural Language Understanding (NLU) to address the challenge of spoken data. The company aims to complement and seamlessly integrate with any existing technology, regardless of the cloud platform, and with any ERP or CRM system.
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growth-positive
aiOla Appoints Eyal Porat as VP of R&D
Eyal Porat has been appointed as the new VP of R&D at aiOla, a global leader in speech recognition technology. Porat, who has over 20 years of experience in leading R&D organizations and building AI products, will lead aiOla’s research and engineering teams. His focus will be on enhancing aiOla’s software solutions, particularly its industry-leading speech technology. He will also work on better integrating aiOla’s speech technology insights into existing business systems to streamline processes and improve workflow efficiency.
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growth-positive
aiOla partners with Cloocus to bring advanced Generative AI speech capabilities to Korean market - ETCIO SEA
Speech recognition technology leader aiOla has announced a strategic partnership with digital transformation provider Cloocus. The partnership aims to bring aiOlas AI offerings to companies across South Korea, combining aiOlas speech-driven AI platform with Cloocuss expertise in digital transformation, data analytics, and cloud consulting. The collaboration will deliver AI solutions tailored to South Korean enterprises looking to streamline operations, boost productivity, and gain data-driven insights. The partnership will also help businesses to adapt digital and paper processes into speech-driven systems for multiple languages, including Korean.
Partners
aiOla appoints Jolene Amit as Chief Marketing Officer | CTech
growth-positive
aiOla raises $25 million to interface natural language to AI solutions in traditional manufacturing | CTech
Israeli startup aiOla has secured $25 million in funding led by New Era and other investors. The company has developed advanced AI models for voice and image recognition to digitize and automate inspection processes. The funding will help aiOla reduce operational costs, increase production time, automate trend reporting, and minimize downtime. The company aims to make AI accessible to everyone and plans to bring its solutions to industries like food and medical. The investors, New Era and Hamilton Lane, are excited about aiOlas breakthrough technology and its potential to help enterprise customers.
Investment
growth-positive
סטארטאפ ישראלי חדש הופך את הודעות הוואטסאפ לכספת המידע של החברה
Israeli startup aiOla, founded by serial entrepreneur Amir Haramaty, aims to streamline data within organizations. The platform connects to existing communication tools such as WhatsApp, Slack, and Teams, and users can simply send a voice message to the aiOla bot to document important information from meetings or interactions. The bot then analyzes the data and feeds it into the organizations CRM system. The company recently raised $9 million in a seed funding round and is currently in the midst of another funding round. Clients include AIGs global pension insurance advisory team, Tyson Foods, and Apollo.
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growth-positive
How Aiola's "Non-Techie Friendly" Virtual Analyst Helps CPGs Maximize Performance
Aiola, an AI-powered engine, helps business managers make data-driven decisions and increase ROI. It has developed a virtual analyst that bridges the communication gap between teams by using an AI engine to provide quick and reliable answers to any question or problem. Aiolas manager-friendly interface helps optimize trade promotions, curates market share insights, provides accurate forecasts, and strengthens product innovation efforts. Aiola has partnered with SAP and is integrating into SAP Sales Cloud to improve predictive capabilities and optimize trade promotions for SAPs CPG customers.
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