FARE Capital invests in Whispp – AI Speech Technology
Whispp closes investment to complete the development of AI technology to empower millions who suffer from speech disorders
Leiden, 21 March 2022
Libertatis Ergo Holding B.V., FARE Capital and TomTom co-founder Pieter Geelen invest €450k in Leiden based startup Whispp. Whispp also receives the Rabobank Innovation Loan of €150k.
Leiden based startup Whispp develops AI speech technology to empower millions of people who suffer from a voice disorder or stutter severely. One thing these people have in common is that they are able to whisper in a clear and relaxed way. Whispp is the only speech technology in the world that converts whispered speech into the person’s natural voice, wíth the intonation and emotion you intended, in real time.
The investment will be used for further development of the AI speech technology and for market introduction of the mobile and desktop application. With the mobile app phone and video calls can be made and for live conversations it works like a voice amplifier. The desktop application can be used in combination with your preferred video conferencing platform.
Whispp founder Joris Castermans: “We are excited to bring the first Whispp product to the market with this investment. Being located at PLNT, the Leiden Centre for Innovation and Entrepreneurship has been a key factor for attracting these investments.”
Rob Mayfield (Libertatis Ergo Holding B.V): “LEH is excited to support the Whispp team in the development of this AI technology, which may be truly life changing for those with serious speech disorders”
Matthijs Snijder (FARE Capital): “We are very excited about the potential of Whispp. We believe that the development and application of its unique AI speech technology is genuinely capable of making a difference by offering (social) inclusion for people that are coping with some form of speech impairment.”
Rogier Gardien (Rabobank): The Rabobank Startup & Scale-up team is happy to grant the Rabobank Innovation Loan to the impactful innovation of Whispp which will make a huge difference in the lives of speech impaired people worldwide!”
For more information about Whispp go to: www.whispp.com
About Libertatis Ergo Holding (LEH)
Libertatis Ergo Holding (LEH) is an independent subsidiary of Leiden University, which invests in science based startup companies associated with the activities of Leiden University and supports entrepreneurs.
About FARE Capital
With the world facing these tremendous societal challenges around healthcare and food, FARE Capital commits to enterprises that are capable of making a difference in these sectors. We are looking for enterprises that embrace technology and innovation and rise up to the challenge. It is not about having an appealing idea. It is about investing in next generation technology and solutions that can be implemented on a large scale and can alter our way of life.
About Rabobank Innovation Loan
We are happy to help with the financing of innovations. Especially if there are no proven results, cash flow or paying customers yet. Are you working on developments that contribute to digitization or making society more sustainable? Or is your company focused on developments in the field of vitality? Request the brochure and share your plan with us.
PLNT encourages startups to emerge and makes them grow. We stimulate, facilitate and support talent to become innovative entrepreneurs. We bring together the worlds of innovation and entrepreneurship, literally as well as figuratively.
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