Transkriptor and Otter.ai are two of them. Otter competes with Microsoft’s Microsoft 365, which can host live events with AI-powered features such as facial recognition of attendees and autonomous speech-to-text conversion, as well as comparable meeting transcription tools from Cisco and startups Voicera, Verbit, Trint, and Scribie.īut it seeks to differentiate its service with competitive pricing. It’s also licensing its tech to third parties like video conferencing company Zoom, which enables conversations recorded by Zoom users to automatically upload to Otter.ĪISense has raised $13 million to date from Horizons Ventures, Bridgewater Associates, i-Hatch Ventures, MetaLab, Jay Markley, and others, plus seed investors Draper Associations, Slow Ventures, Danhua Capital, and 500 Startups.With so many different transcription services, it can be difficult to figure out which one is best for you. A word cloud at the top of each recording tracks the most-used terms. Transcriptions are processed in the cloud and made available from the web or in Otter’s mobile app for iOS and Android devices, where they can be searched, copied and pasted, scrolled through, edited, and shared. It can distinguish among speakers using a technique called diarization, generating a unique print for each person’s voice. Otter’s core technology, which was developed by a team that hails from Google, Yahoo, Facebook, MIT, Stanford, Duke, and Cambridge, is optimized for conversations. AISense will continue to offer the free Otter plan, it says, which includes 600 minutes of transcription per month and unlimited cloud storage. Otter for Teams starts at $12.50 per month, which is only slightly pricier than its premium and student tiers - those cost $10 per month and $5 per month, respectively. “Otter for Teams maintains the core features our users love, and pairs these with rich, new functionality designed to improve collaboration and productivity.” “During the past year, Otter has seen significant adoption among people who want to focus more on the substance of their conversations than on taking notes,” Liang, who serves as CEO, said. Its launch follows on the heels of a major milestone for AISense, which was cofounded in 2016 by Sam Liang and Yun Fu: Over six million audio- and video-based meetings, lectures, and discussion have been recorded, transcribed, and edited to date using its technology. The company today announced Otter for Teams, a subscription solution designed to accommodate the needs of small- and medium-sized businesses and teams within larger corporations.
Just a few short months after San Francisco startup AISense brought Otter, a voice recording app that taps AI to transcribe speech, to the education market with Otter for Education, it’s rolling out a new product that squarely targets enterprise. Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23.
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