IRIS Audio Technologies raises $7m to drive growth of AI-powered voice isolation technology

IRIS Audio Applied sciences has right this moment introduced it has raised $7m in a Collection A funding spherical.

The UK-headquartered firm will use the funding to drive adoption of its IRIS Readability answer globally and particularly North America, the place it sees an enormous alternative.

The funding spherical was led by Puma Non-public Fairness and is IRIS Audio’s first institutional funding to this point. Present traders the Ojjeh household, TAG Group, and Toby Brzoznowski additionally participated within the spherical.

Brzoznowski, who co-founded LLamasoft and subsequently grew it to a profitable $1.5bn acquisition in 2020, has each invested and joined the enterprise as EVP Americas to faucet into the massive progress potential within the area and drive its fast progress.

IRIS Audio is a cutting-edge audio know-how firm with a set of patented merchandise that leverages many years of analysis into the consequences of sound on the mind. Its flagship product, IRIS Readability, makes use of essentially the most superior AI to take away background noise from calls, shortening Common Dealing with Time (AHT) by as much as 11%, lowering sound-proofing prices by greater than 50%, eliminating noise-related complaints from each clients and brokers by 98%, and enhancing transcription accuracy — and thereby speech analytics — by greater than 10%.

By powering higher connections and engagement between individuals throughout a number of sectors together with name centres, public sector and motor racing, IRIS Readability improves enterprise efficiency, buyer expertise, and agent wellbeing. With a mission to allow the world to ‘Pay attention Properly’, IRIS Audio’s Software program-as-a-Service options have been developed in partnership with Goldsmiths College and Mount Sinai college hospital, utilizing analysis on the neurological results of audio stimuli to develop know-how that’s confirmed to stimulate the mind and allow Energetic Listening.

Jacobi Anstruther, Founder & CEO at IRIS Audio Applied sciences, stated, “As organisations from public providers to motor racing and name centres grow to be ever extra digital in how they convey, our mission is to make important communications clearer, simpler and fewer taxing by eradicating background noise. We wish to assist contact centre employees ship extra resolutions and motorsports groups win extra races via greater high quality digital communications. This funding spherical is a big step in enabling that.”

Toby Brzoznowski concluded, “Whereas many tech sectors are presently experiencing challenges available in the market and in elevating capital, IRIS Audio Applied sciences’ progress and momentum actually stands out. Noise is a common downside throughout all types of communication, and IRIS Audio’s breakthrough know-how can add worth to so many sectors together with name centres, speech analytics, and broadcast media. The US name centre business alone is presently valued at $27.2 billion. This is the reason I not solely invested within the firm but in addition joined it final 12 months.

This funding will assist speed up our already spectacular progress and place IRIS Audio as a market chief.”

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