The Montenegrin startup Om3ga Solution raised a seed investment from South Central Ventures and ICT Hub Ventures for their speech-to-text platform “Daktilograf”, which provides a unique speech recognition technology
, South Central Ventures announced.
This seed investment is the first from SCV for a Montenegrin startup team and it will help them finalize their product and make it available to businesses across Europe.
The press release says that Daktilograf is a speech-to-text platform that that supports South Slavic languages and has no limitations on the number of words which it recognizes. This speech-to-text platform enables proper and real time transcription of South Slavic languages for business.
The software is intended to primarily help journalists transcribe their interviews and help with transcripts of board meetings of big corporations. The solution is very versatile, and it can be applied in a number of industries which need transcription, making them more efficient.
The software represents the latest technology that has no limit on the number of words it recognizes, and it instantaneously creates records that can be utilized in many industries. The company’s proprietary voice recognition engine offers a solution in South Slavic languages, and the team plans to expand the portfolio with other Central and Eastern European languages, as well as enrich the solution with additional features.
The press release adds that the company operates in the global speech and voice recognition market, an already large and growing market estimated to reach USD 31.82 billion by 2025.