Amazon Invests In Three Voice Startups Via Its Alexa Fund

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Amazon Invests In Three Voice Startups

With the success of Alexa, Siri, and Google Assistant the voice assistance industry is growing rapidly. Amazon knows this for sure, that’s the reason company has founded its Alexa Fund in 2015. The company’s vertical seeks for the inspiring voice startups in their early stage and invests capital in them. This time the company announced to fund three new voice startups that could be the next big thing in the industry. However, the financial terms remained undisclosed, but the company is expected to invest up to $100 million.

Among all three companies, there is one startup named Bamboo Learning that develops the music education product. According to the startup, it uses the technology to teach the users about, instruments, notes, tempo and chords along with the different music lesson. Besides, the startup is also among the early partner of the Amazon’s Alexa Presentation Language.

Endel is another voice startup that uses the soundscapes to provide soothing and relax music to the users. The startup claims that its algorithm is precisely based on, sound masking, circadian rhythms, and pentatonic scale. Along with this it also uses the other factors like location, time of the day, heart rate and weather for personalised output. The last company is the health care based named, Aviva. The startup uses the voice assistance for guiding the users to healthcare professions.

According to the reports, all the three voice startups will be taking part in Amazon’s Demo Night.