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BUSINESS PRODUCTS & SERVICES | Advertising, Marketing & PR
visioneerdigital.com

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Founded Year

2019

Stage

Unattributed | Alive

Total Raised

$150K

Last Raised

$150K | 3 yrs ago

Revenue

$0000 

About Visioneer

Visioneer specializes in branding, motion graphics, corporate event leadership and design, mobile app creation and other creative visions.

Visioneer Headquarter Location

891 14th Street Unit 1902

Denver, Colorado, 80202,

United States

Latest Visioneer News

There’s Nothing Nuanced About Microsoft’s Plans For Voice Recognition Technology

Apr 13, 2021

SOPA Images/LightRocket via Getty Images After countless mergers and acquisitions, Nuance Communications has ended up nearly monopolizing the market in speech recognition products. It started out as Kurzweil Computer Products, founded by Ray Kurzweil in 1974 to develop character recognition products, and was then acquired by Xerox, which renamed it ScanSoft and subsequently spun it off. ScanSoft was acquired by Visioneer in 1999, but the consolidated company retained the ScanSoft name. In 2001, ScanSoft acquired the Belgian company Lernout & Hauspie , which had previously acquired Dragon Systems, creators of the popular Dragon NaturallySpeaking , to try to compete with Nuance Communications, which had been publicly traded since 1995, in the speech recognition market. Dragon was the absolute leader in speech recognition technology accuracy through the use of Hidden Markov models as a probabilistic method for temporal pattern recognition. Finally, in September 2005, ScanSoft decided to acquire Nuance and take its name. Since then, the company has grown rapidly through acquisitions, buying as many as 52 companies in the field of speech technologies, in all kinds of industries and markets, creating a conglomerate that has largely monopolized related commercial developments, licensing its technology to all kinds of companies: Apple’s Siri was originally based on Nuance technology — although it is unclear how dependent on the company it remains. The Microsoft purchase reveals the company’s belief in voice as an interface. The pandemic has seen videoconferencing take off, triggering an explosion in the use of technologies to transcribe voice: Zoom, for example, incorporated automatic transcription in April last year using Otter.ai , so that at the end of each of my classes, I automatically receive not only the video of them, but also their full transcript (which works infinitely better when the class is online than when it takes place in face-to-face mode in a classroom). Microsoft, which is in the midst of a process of strong growth through acquisitions, had previously collaborated with Nuance in the healthcare industry, and many analysts feel that the acquisition intends to deepen even further into this collaboration. However, Microsoft could also be planning to integrate transcription technology into many other products, such as Teams, or throughout its cloud, Azure, allowing companies to make their corporate environments fully indexable by creating written records of meetings that can be retrieved at a later date. MORE FOR YOU

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