Audioburst ropes in $10 Million in Investment Funding from Dentsu & Hyundai, Plans expansion into the Japanese Markets

Artificial Intelligence News

Audioburst-ropes-in-10-Million-in-Investment-Funding-from-Dentsu-Hyundai-Plans-expansion-into-the-Japanese-Markets Audioburst ropes in $10 Million in Investment Funding from Dentsu & Hyundai, Plans expansion into the Japanese MarketsAudioburst, a Palo Alto, California-based AI-powered Voice Search platform, as per recent reports, has raised over $10 million in a new strategic and investment funding round from Dentsu Inc., a Japanese international advertising and public relations company,  and Hyundai Motors, a Seoul, South Korea-based multinational automotive manufacturer, along with the company’s existing investors.

The Palo Alto-based next-gen voice-search platform provider – Audioburst – aims to develop a unique advertising and in-car voice-search experience for users in conjunction with the two leading brands in Asia. Also, as per recent reports, Audioburst is planning a formal launch in the Japanese market this year, by the end of 2019. Making its presence known, Audioburst also plans on adding Japanese language support to its AI-based voice-search platform, enhancing the platform’s Japanese language capabilities.

With this recent $10 million funding, Audioburst, to date, has raised a total investment of $25 million.

“The investments signal an industry acknowledgment for consumer demand of voice-based experiences, and Audioburst’s unmatched ability to deliver that technology,” stated Amir Hirsh, Co-Founder and CEO, Audioburst. “It also provides us the ability to expand and expedite our technology offering, and tap into a larger ecosystem of investors and partners in the car, media, advertising, and technology spaces.”

“Personalized advertising in the radio space has been limited to date. In addition, the emergence of voice-activated services and audio content have provided a rapidly growing advertising opportunity for our clients,” explained Hideki Ishibashi, Managing Director of Dentsu Innovation Initiative. “Partnering with Audioburst allows us to offer our global clients a solution backed by millions of pieces of content and user metadata, and a powerful understanding of listeners’ interests.”