1. RealSpeaker - Executive Summary
(www.realspeaker.net audio-visual speech recognition)
Motivation Letter
Hi, my name is Viktor Osetrov. I was born in Mari El – this is the biggest Finno-Ugrian
national republic in Russia. I’m 25 years old and 2 years ago I founded RealSpeaker Lab
company. Our company develops the new audio visual speech recognition application
RealSpeaker.
Today most audio speech recognition solutions have severe limitations, such as:
sensitively to background noises; difficulties’recognizing individual words; users must
speak in an un-natural fashion using fragmented speech; they required broadband Internet
connectivity; and with an accuracy of less than 60%, not saying that they are painful to
use. In comparison with modern audio processing products, we using additional video
information, which allows us to improve voice recognition accuracy by at least 20-30 per
cent. This makes our patent pending technology way ahead of existing competitions.
RealSpeaker addresses the problem by enhancing the speech recognition with video
analysis of the user’s lip movements. With RealSpeaker you can: enter text of any length
with the voice and video without keyboard at any text editor or website (Notes,
Facebook, Skype, Evernote, E-mail and Microsoft Office etc.); Support of 13 main
languages; Some functions of voice navigation (editing and sending).
Today we have released beta version of our product for Windows OS, which is currently
in use by about 50k users, out of which 2k users are paid users. In last couple of months
we have become cash flow positive. We have good traction but our main customers based
in Russia, Ukraine or other countries because we start sales our solution for Russian
speaking market.
In this summer, we would like to launch version RealSpeaker for English speaking
market, because it’s very perspectives direction for us. According to TechNavio
currently, only 15-20% of the speech recognition market potential is used. The total
expenses on speech recognition technologies developing in the world in 2010 were
estimated at $1000M and in 2010 the speech recognition market will reach the point of
$2500M (+25% per year) in 2016. Our head mission is doing people-machine interaction
more easy and safety.
We exists almost 2 years and have a team of 10 people. We’d like to find good sales
manager and receive useful knowledge for global development of our company. And we
are going to start our global expansion by the means of Startup Sauna’s Spring’14
program. Our technology supported by 13 languages (Russian, English, French, German,
Chinese and others). We are not agree with sales our solution for only Russian speaking
market today. We’d like to create global corporation in speech recognition sphere with
competitive advantages:
- High accuracy speech recognition
- More safety
- More usability and cheaper
Right now, we are looking for partners as well as investors for our round "A" which will
be used to further R&D and marketing.