Elevoc Prove to be Worthy Winners of Last Year’s 4YFN Shanghai Awards

Last year, the 4YFN Shanghai Awards was a tight contest among some of the most innovative startups we have seen yet. The standout startup was Elevoc, which won the prize with its AI-based noise reduction solution.

Elevoc has turned out to be a very worthy winner indeed, having leapt from strength to strength after its win, winning new customers and closing a very successful round of funding.

Having just launched the 4YFN Shanghai Awards 2019, we wanted to catch up with Elevoc to hear more about its remarkable journey to success. Here we spoke to Eric, CEO of Elevoc to find out about the last 10 months.

Elevoc won the 4YFN Shanghai Awards last year with its groundbreaking machine-learning listening technology. Tell us a bit about the business that beat all the others to become the Shanghai Startup of the Year.

Elevoc is a solution provider with the ability to enable smart devices to possess “human–like” auditory capabilities.

Elevoc’s first achievement based on decades of research, was training machines to distinguish and separate background noise from speech by applying sophisticated Deep Learning and signal processing technologies.

Other advancements include using voice trigger and voiceprint recognition to deliver an optimized voice interface solution for the IoT sector, thus delivering a seamless device usage experience for all consumers.

With that in mind, we are moving forth in the communication industry, with an aim of creating a new standard for speech signal processing engines. Success in this regard requires partnership with major players in the communication industry with a common view to build an extensive ecosystem, and we are proud to say we are well on track.

It’s coming up to a year since you received the 4YFN Shanghai Award. How did winning the award affect your business? Have you found new business partners or received new funding? If so, can you say how much? And how will you use the funding? Have you won some new deals?

The award allowed us to build a more influential image among customers and partners. This has been very helpful in terms of forming new partnerships and receiving new funding.

In last June, we received pre-A series funding from Xiaomi and Qualcomm Ventures amounting to several million USD dollars, which we used to increase investment in R&D, expand our team, enrich our product line and hold marketing events.

We have won some spectacular new deals with major industry players like Xiaomi, OPPO, Nubia, Meitu, Cheetah Mobile, 51talk, Smartisan. We also have forged partnership with well-known chip makers such as Qualcomm, Cirrus logic, CEVA, Cadence, Infineon, etc. Last December, we became the Independent Software Partner (ISV) of Qualcomm and its AI software partner. On 2018 Qualcomm Snapdragon Summit, we jointly showcased our AI noise reduction solution. We have come a very long way in a very short time!

How has working with 4 Years from Now helped your business?

We would like to extend our heartfelt gratitude to the organizer GSMA, which gave us the opportunity to showcase our technology in 2019 4YFN at MWC Barcelona. This event in the communications industry has provided us a platform for more players to get to know us.

Elevoc’s vision for its business dovetails with the GSMA’s goal of intelligently connecting everyone and everything for a better future. We are delighted to be working with 4YFN and the GSMA, and look forward to future collaborations.

 


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