Audio Analytic is a Cambridge-based startup that builds artificial intelligence-driven sound recognition software.
Audio Analytic was founded in 2010 by Chris Mitchell and is focused on augmenting consumer technology with high-end sound recognition.
According to the company's website, its technology can give machines the "most accurate, robust, and compact sense of hearing on the planet"
Meta's Reality Labs division is tasked with the development of augmented and virtual reality technology. This is part of the plan for the future of the internet.
The audio research department is focused on making virtual sounds and speech more realistic.
Audio Analytic may help support Meta's unprofitable pivot to the virtual reality world. In the third quarter of the year, the company's Reality Labs division had a loss of $3.7 billion, following a loss in the second quarter. The company is expecting more losses in the year to come.
Reality Labs operating losses are expected to grow significantly in the years to come.
This isn't the first time that Meta has tapped into European startups.
The tech giant acquired a Berlin-based company in the summer of 2022. The type of tech needed to improve the experience of the metaverse was stated.
Scape Technologies is a company with expertise in mapping for augmented reality.
Audio Analytic is a European audio startup that has been snatched by a Big Tech company.
The voice assistant technology that became part of Amazon'sAlexa was developed by Evi. Speech recognition company VocalIQ is one of the companies that Apple acquired.
American companies have acquired European startup before they can grow. Few of us would turn down millions of dollars and the chance to scale, but it could be worrying that there aren't many big tech players in Europe.
The question is whether the EU should be involved in funding outstanding startups instead of letting them be taken over by Silicon Valley giants. This pattern is going to continue until there is an answer to that question.
All Rights Reserved © 2024
