Machine learning and artificial intelligence company Veritone acquires AI-powered voice creator firm VocaliD. Neither company provided any information regarding the valuation of this acquisition deal.
Veritone Voice can now offer the capacity to oversee and manage the entire voice generation lifecycle for efficiency and scale, using the expertise of VocaliD.
Integrating VocaliD’s powerful voice models, patented vocal correction, and audio mixing features with Veritone Voice expands the enterprise-grade solution while lowering complexity, cost, and administrative time.
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Veritone Voice, based on Veritone’s aiWARE, comes with the unique ability to effortlessly integrate third-party AI models, allowing the VocaliD model to be used immediately.
Ryan Steelberg, Veritone President and Co-founder, said, “Veritone Voice brings enormous value to our enterprise clients and IP owners of all sizes. With such a large addressable market, Veritone is able to meet consumer demands for content, at scale, with localization, and without sacrificing quality.”
He further added that he is delighted to bring in VocaliD to enhance their Voice service and deliver even more capabilities to current and potential clients from both a people and a technology standpoint.
United States-based voice artificial intelligence company VoacliD was founded by Rupal Patel in 2014. Using machine learning techniques, proprietary voice mixing algorithms, and a crowdsourced Voicebank, VocaliD’s award-winning technology delivers high-quality, natural-sounding voices in hours. To date, the company has raised more than $3 million from multiple investors over several years.
Rupal Patel said, “We are thrilled to join forces with Veritone, to bring our vision of leveraging AI voice to create more equitable, just, diverse, inclusive, expressive, and engaging user experiences to life.”
Patel further added that they are well-positioned to set industry norms and establish new monetization models that benefit all stakeholders, given their common commitment to responsible and ethical AI.