[PRESS RELEASE] Audioburst Launches Audio On-Demand API with $6.7M in Series A Funding

PALO ALTO, CA — JUNE 5, 2017 — Audioburst (www.audioburst.com), an AI-powered audio content platform, announced today the launch of its cross-platform API along with a $6.7 million Series A round of financing. The round was led by Advanced Media Inc. (TYO: 3773), the leading speech recognition technology company in Japan, with participation from additional investors including Flint Capital, 2B-Angels, and Mobileye investors consortium.

Additionally, Dan Sacher, former Senior Vice President at Viacom, has joined Audioburst as its Head of Content Partnerships. Osnat Fainaru Benari, Head of Area 51, AOL’s innovation arm, has joined Audioburst as an advisor.

Audioburst is changing the way people consume audio content in a connected world by automating the process of indexing, organizing and discovering audio segments in real-time. Audioburst listens to millions of minutes of live and prerecorded audio content each day, transforming them into searchable bursts wrapped with rich metadata.

 “The growing popularity of Amazon Echo, Google Home, and voice-activated apps has created an exponential demand for audio content,” says Amir Hirsh, co-founder, and CEO of Audioburst. “In fact, as of 2016, 20% of search queries on Google’s mobile app and on Android devices are voice searches. Users have learned to get their factual answers spoken to them by the different devices, but are now looking for a winning content experience.”

Audioburst offers a truly personalized listening experience across platforms. User profiles, or Listening Identities, learn and adapt to each user based on their unique consumption patterns and preferences. Each user experience is completely customized and distinct from any other.

“We want to change the way people experience audio content,” continues Hirsh. “Audioburst is essentially the Spotify for spoken word content. Rather than tuning into a pre-programmed station or playlist, our AI builds a unique audio stream for every listener. Each stream is built from short audio clips that are cut from diverse professional audio sources.”

The new API will allow developers to tap into the world’s largest growing library of audio content and add personalized audio feeds, searchable audio libraries and real-time audio notifications to apps across the web, mobile, voice-activated IoT devices, and in-car entertainment systems.

For more information about the Audioburst API, please visit: developers.audioburst.com

About Audioburst

Audioburst is building the world’s largest growing library of audio content by listening to and indexing millions of audio files from a plethora of sources in real time. Powered by advanced NLP technology and a proprietary AI platform that indexes audio segments into searchable bursts in real-time, Audioburst is introducing an entirely new way for consumers and businesses to interact with live or recorded audio content across platforms and devices.

For more information, please visit www.audioburst.com.

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