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11695

Service for converting audio format to text format

USA
Market: Internet and IT
Stage of the project: Prototype or product is ready

Date of last change: 05/30/2017
Min investment
$ 300.000
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Total required
$ 300.000
Rating
equalizer 304 из 1000
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Idea

Transcribe your speech into complete proof read text file
Transcribe multiple voices from any meeting, interview, conference or other voice negotiations. Ability to complete a text search from transcribed files.

Current Status

We are on MVP stage and have 1500 beta users

Market

Business and productivity app market doubled since 2013. Now it is $85 bln

Problem or Opportunity

You need a lot of time to transcribe audio, it is also expensive

Solution (product or service)

Our service captures all voices from any meeting and transcribe it into the proof read text form

Competitors

otranscribe.com
transcribe.me
transcribe.com

Advantages or differentiators

Less expensive, do transcribtion immidiatly after you have recorded. Dont use people to transcribe.

Finance

Business model is SaaS, customers pay each month. We offer our service for business as well as for personal usage.

Money will be spent on

Marketing and business development (bizdev team in San Francisco)
Development of new product features

Offer for investor

We 15% of the company at this stage

Risks

This service can be made by big corporations as Google or Microsoft faster.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Videos
 
Want to invest