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TMCNet:  IAN, Others Invest In Startup Uniphore Software [DealCurry (India)]

[March 15, 2014]

IAN, Others Invest In Startup Uniphore Software [DealCurry (India)]

(DealCurry (India) Via Acquire Media NewsEdge) Chennai based tech firm Uniphore Software Systems Pvt Ltd has raised an undisclosed amount of funding from @Indian_Angel, Stata Venture Partners' founder Ray Stata and @YourNest_Angel. Proceeds from the latest funding will be used to expand in the Middle East and South East Asia.Prior to this, it had raised seed funding from Villgro Innovations Foundation and the National Research Development. Founded in 2008 by Umesh Sachdev and Ravi Saraogi, Uniphore provides local language speech based software solutions. It offers solution in 14 Indian and five international languages which enables machines to understand and respond to natural human speech. It is also looking forward to strengthen its speech-based products, creating more context-aware, personalised applications.Indian Angel Network has over 250 members and has funded close to 60 startups across multiple sectors including IT, Mobile, etc. across India and overseas and has made several successful exits.Gurgaon based YourNest Angel Fund is an early stage and venture capital fund which invests across mobile, internet, data analytics, software and cloud. It has previously invested in BookmyCab, Mycity4Kids and Proof Of Performance.Analyst place the global market for enterprise mobility applications at $174 Bn by 2017 and expect global speech analytics market to be worth $1.33 Bn by 2019.-BS (c) 2014 EagleEye Research & Media Pvt. Ltd. All rights reserved. Provided by Syndigate.info, an Albawaba.com company


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