BANGALORE:  Uniphore Software solutions, a startup that develops local language speech based software solutions have managed to raise angel investment from Indian Angel network. The Chennai based firm secured funding from members of the IAN members along with Ray Stata and YourNest Angel Fund. Even though the investment has been confirmed the startup reluctant to disclose further details on the amount that was being raised, reports Business Line.

Founded in 2008, Uniphore Software Systems provides its service in fourteen Indian languages and 5 international languages. The firm is planning to expand their service globally concentrating on middle-east and south eastern countries. Incubated in IIT Madras the founders have developed an intelligent technology that allows machines to understand and respond to natural human speech. The firm follows software as a service model and is looking forward to developing more speech-based, context-aware, and personalized applications.

Umesh Sachdev, co-founder and CEO of Uniphore Software Systems commented on the development saying “Customers today demand personalized service delivery in a language of their choice and Uniphore's speech-based solutions are the most intuitive and scalable way to make this happen.”

The technology by the booming venture is used as an authenticator to conduct transactions by many financial bodies. The startup had raised its initial round of funding from Villgro Innovations Foundation and the National Research Development and currently stands at a figure of 3 million when it comes to the end user base.

“This investment is a powerful endorsement of Uniphore’s ability to provide unique and measurable value to our enterprise customers across industries through speech technology. We are delighted to partner with a strong team of investors who can help realize our vision and aggressive growth expectations,” Sachdev added.

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