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Google Assistant Investments Program and 100x Entrepreneurs have invested an unknown sum in Slang Labs. Slang Labs, which was formed in 2017, claims to be one of the first Google-funded companies in the global In-App Voice Assistant market.
Slang Labs, the In-App Voice Assistant tech startup, has raised an undisclosed funding round Google Assistant Investments Program* and 100x Entrepreneurs. Other participants include Endiya Partners; and angel investors Velu Murugan and Thomas George.
Slang Labs, which was founded in 2017, claims to be one of the first players in the worldwide In-App Voice Assistant sector to be funded by Google.
Kumar Rangarajan, the co-founder of Slang Labs, said, “We are glad to be part of the Google Assistant Investments program. This investment by Google emphasises the importance of Voice inside Apps, and highlights the most significant technology trend for this decade – Voice.”
During the epidemic, Mr. Rangarajan said, there is a higher need for this technology. According to the company, consumers will be able to make online purchases in their applications using speech and in their preferred language.
The startup’s flagship product, Slang In-App Voice Assistant, promises to be pre-trained to comprehend the demands of many domains and can be used inside existing apps via its voice assistant as a service platform.
According to Slang Labs, this delivery approach lowers the time-to-market for companies who want to incorporate a highly accurate, multilingual voice assistant within their mobile and web apps by up to 90%. P&G, Udaan, BigBasket, Redbus, Shine, and SpiceJet have all linked their apps with the platform.
According to the startup, allowing multilingual voice-based interactions within mobile applications, even if the app’s visual language remains English, will enable businesses to fix these challenges swiftly and reach the 400+ million consumers in Tier 2 markets and beyond.
*The Google Assistant Investment Program, which was launched in 2018, helps early-stage startups that are driving the speech and assistance ecosystem forward in various sectors, from travel to gaming.