Speech AI Startup Contiinex Secures $2 Million Funding in Pre-Series A Round
Funding Round Info:
Contiinex, an emerging company specializing in speech AI, has successfully secured $2 million during a pre-Series A funding round led by two technology-focused venture capital firms, YourNest and Refex Capital. The funding injection will be channeled towards enhancing its technology team and bolstering its presence within the American market, as revealed in a press statement by Contiinex. The company is also actively exploring opportunities to broaden its range of Gen AI products, aiming to effectively tackle unstructured data across various communication mediums such as voice, chat, email, videos, and visuals. Leveraging its proprietary capabilities in generative AI, Contiinex intends to extend its reach into diverse sectors such as finance, retail, and utilities.
About Contiinex:
Contiinex functions as a speech AI platform facilitating businesses in comprehending speech across various languages. The platform's objective is to enhance not only customer satisfaction index metrics but also to elevate business efficiency and performance for customers. The speech AI platform has been meticulously engineered to capture intricate speech nuances that might elude human auditory perception. This reservoir of invaluable information can be harnessed by customers to refine their customer service.
About YourNest Venture Capital Fund II:
Dedicated to disruptive technologies that elevate the utilization of time's value, a fund of $75 million is allocated for investments in startup founders spanning various DeepTech domains. These domains encompass AI, IoT, Robotics, AR/VR/MR, Dev. Tools, Edge Cloud, and additional Digital products. The ongoing objective remains to provide Indian entrepreneurs an avenue to expand globally through IP-driven innovations. Numerous entities within the portfolio of YourNest VC Fund II have secured patents and garnered clientele in international markets. Functioning as a pioneering, pre-Series A, early-stage venture capital fund, established in 2011 to support ambitious startups constructing transformative enterprises, YourNest places strong belief in human potential and operates with the maxim of “what seems impossible today becomes routine tomorrow”.
About Refex Capital Fund:
The overarching goal of fostering inventive concepts for technological advancement led to the establishment of Refex Capital Fund. This fund has made investments in diverse startups spanning sectors like AI, Healthtech, Cleantech, Consumer, and more. The journey commenced in the year 2002, when the dynamic founder, Mr. Anil Jain, explored the refrigerant gases sector and spotted an opening for innovation. This was achieved by creating canned refrigerant gases, causing a disruption in the industry and ultimately revolutionizing the sector. Following this, Refex Group effectively navigated various industry verticals such as coal ash handling and solar energy.