Bangalore, April 15 2018: Indian Startup Liv.ai takes on multinationals like Amazon, Microsoft and Amazon,in building speech recognition AI technology.The start-up has developed speech recognition technology in nine Indian languages besides English. Liv.ai has developed this technology with a vision of empowering every Indian to communicate with people and devices in their own language. This technological feat has been achieved by Liv.ai in just three years, a much shorter time frame when compared to the time taken by many big tech firms building speech recognition products.
India holds an immense opportunity for technology companies to bring about change as it is home to almost one fifth of humanity with just under 35% Internet penetration. One of the major roadblocks for big technology companies of the world is the sheer diversity of spoken languages in India. While metros and tier I cities have higher usage of technological products, when it comes to villages and remote areas, language becomes a barrier.
Founded by IIT Kharagpur alumni - Subodh Kumar, Kishore Mundra and Sanjeev Kumar in 2014, Liv.ai aspires to assist non-English speaking Indians in finding their voice through a multi-lingual speech recognition technology. The start-up provides speech API / SDKs to facilitate the conversion of speech to text. "Our API recognizes 10 major languages that are widely spoken in India - English, Hindi, Bengali, Punjabi, Marathi, Gujarati, Kannada, Tamil, Telugu and Malayalam. This speech recognition technology picks up most accents and is adept at cutting out background noise as well," says Subodh Kumar, Co-founder, Liv.ai. "While Microsoft and Apple do not support regional Indian languages, and Amazon's Alexa supports only English, we're proud to be pioneering extensive speech recognition technology development in Indian languages.
Last year, the start-up had brought out the speech to text APIs into the market. "The API has a decent traction with an approximate of two million API hits per day across 10 languages. We have partnered with over 10 large businesses belonging to multiple domains to take their product to the masses. The domains encompass e-commerce, BFSI, consumer devices, speech analytics, robotics and consumer apps. Owing to the demand for the API, plans are underway to upscale from two million API hits per day to 100 million API hits by this year end," says Kishore Mundra, co-founder of Liv.ai.
With a continued focus on Indian languages and dialects, liv.ai aspires to put together the best AI team in India. The start-up is looking to develop disruptive speech-based technology solutions to overcome some of the biggest AI hurdles. Being rooted in India gives liv.ai a far better user insight than any other large global company would.
Pioneering AI Work in India
Liv.ai is proud of the engineering culture that it is creating in India. The start-up is one of the rare companies working in the core Deep Tech space and inventing cutting edge AI algorithms. It has solved a lot of hard science and tech problems in Deep Learning to create Speech recognition and dialogue systems for multiple Indian languages which suffer from such a variety of accents. Liv.ai will continue to attack the hardest problems in this field with a desire to put India on the global AI map.
"India has traditionally been an IT outsourcing hub with very little tech innovation while most of the global wealth generation in technology has been to the pioneering companies in Silicon Valley. We wish to change that impression through our work. The slowing growth rate of our leading IT companies means that the days of exploiting labor arbitrage is over. Now we need to aim higher and build world class tech product companies in India. Our engineers and scientists should not be dependent upon the whimsical immigration norms of another country to work on intellectually challenging problems and creating an impact on the lives of hundreds of millions of people. Companies like us are the agents of change in this process," says Dr. Sanjeev Kumar, Co-Founder and CTO of Liv.ai.
Try IT out: Here's a simple demo for your reference. Pick a language from the listed options to see live text conversion - https://liv.ai/api/index.html#demo