NeuralSpace

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Low-code Platforms?
Natural Language Processing Tools?
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Seed
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NeuralSpace is an AI SaaS company specializing in natural language processing (NLP) and speech recognition technologies. Founded in 2019, the company focuses on developing AI-powered solutions for multiple languages, with a particular emphasis on Arabic, Indian, and mixed dialects. NeuralSpace's platform offers language recognition, speech-to-text, machine translation, and transliteration as standalone products. The company's core technology is designed to work effectively with small datasets, addressing the challenge of training deep learning models accurately for languages with limited available data.

In October 2023, NeuralSpace launched VoiceAI, a call transcription, translation, and speech analytics solution tailored for Arabic and Indian languages and dialects. VoiceAI utilizes proprietary speech-to-text technology trained on 40,000 hours of audio data, achieving an average accuracy of 91% for Arabic transcription. The platform enables companies to transcribe, translate, and analyze audio data, offering features such as speaker diarization, entity recognition, summarization, word-level timestamps, and sentiment analysis.

NeuralSpace's product offerings also include Speech Analytics and Intelligent Document Processing. The Speech Analytics solution provides highly accurate transcriptions of audio files, while the Intelligent Document Processing tool uses AI and Optical Character Recognition to extract and categorize data from complex, unstructured files. These solutions can be customized for various workflow automation challenges, such as CV screening and waybill processing.


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HQ location:
90 York Way London London GBR
Founded year:
2019
Employees:
11-50
IPO status:
Private
Total funding:
USD 3.0 mn
Last Funding:
USD 1.2 mn (Seed; Sep 2022)
Last valuation:
USD 11.0 mn (Feb 2022)
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