Voice Technology Company Ubona Gets Funding From Capital18
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Ubona is a Bangalore based company which has developed a patent-pending technology in voice recognition. The system recognizes what the user is saying and taking it as an input, triggers a real life application. Medianama reports that Ubona has been invested in by Synergy 18, an arm of Network 18 Capital18.
Currently, Ubona has a number for food-services in Bangalore.
Jyotirmoy Chakravorty, Co-founder and CEO of Ubona, says
“We are extremely excited about this relationship with Capital18. The experience and expertise of our partner backed by the resources of Network18 will definitely help us achieve our vision of rapidly scaling up this new interactive medium”
Medianama tested the service and you can read the experience here.
Sarbvir Singh, Managing Director of Capital18 says,
“We are excited to partner with Ubona. For over 300 Million Indians with access to a phone, simple voice calls are the easiest medium to communicate. We believe that Ubona has the right technology and capabilities to be the leader in helping businesses connect better with their consumers and serve their vast audience.”
So, why did Network 18 invest in Ubona? Well, for one, voice-based services have been taking up lately. We do need a decent search technology for voice. More than search, it should be speech-recognition. The technology should be able to ‘know’ what the user is speaking. When that happens, a plethora of information will be available to a large number of mobile phone users in India. Ubano claims that its technology can work with the multi-lingual condition that India has. If that’s true, Ubano is on its way to make a lot of money. Think rural areas. People there don’t have fancy Java-enabled or data phones. They have the bare basic model. If they can request for information using just voice, a provider can provide with a host of services via SMS that will be useful to them. Let’s see how the game gets played in the future.
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hey great initiative but wonder how are they going to tackle the Indian ascent problem…specially Mallu ascent (no offense meant).