running meme, These days it is all about verification. How do we verify the real world? What if we are able to verify entities and services with something trivial that lies within our everyday life. Say we take a ride and the driver is using the voice of a speaker to drive. According to Uber’s case study, it wants to be able to provide a voice interface to run on the car without having to have the car drive itself. Whether or not they successfully make it to that point is another story. However, there is an entirely different company that is taking the problem and making something that becomes possible. The company is VoicePal.
Last year, they announced a new name and raised $2 million to further research on voice interfaces. Regardless of whether you are operating on the off chance that you don’t care for their name and are outright negative about their idea, they are moving forward and now have the #1 ranked voice recognition app on the iTunes store which is the result of their effort. The interesting thing about this company is a large amount of funding. The company that’s coming out of the gate on top of the voice recognition world sounds much more intriguing. Below are a few reasons why that might be.
The total amount raised on this company has been far greater than $1 million. That’s not much. However, this massive amount of funding goes beyond what’s needed to market the product, research the product, and convince the consumers that this company offers them better than other products out there. When you realize that there’s so much money being put towards research like this you can’t help but assume something’s quite special about it.
2. Limited amount of funds in the research and development
The amount of funds in the research and development is significant. That level of funds allows the product to break through the vicious cycle of the third company and become one of the leading contenders for voice recognition. Allowing them to grow exponentially faster than their competition.