RealSpeaker - Executive Summary (www.realspeaker.net audio-visual speech recognition) RealSpeaker Inc: 19901, 11 South Dupont, Dover, DE, USA E-mail: [email protected] Company Details: - Founded in January, 2012 - 5-10 employees - Ownership: Private Funding: - Current Burn Rate - $1M - Seed s Round: $0,5M in 2012-2013 o $0,3M – in 2012 o $0,2M – in 2013 - Seeking 1 st Round: $1,0M Use of Proceeds: - To transfer base from local to flexible server, creating more pure architecture with Web 2.0 language base principle - Support opportunity to download and analysis audio-video files - Checking of business model Product Development Cycle: - Development began in December 2011 - Beta – 9 th of September 2013, at a cost of development of $0,3M - Breakeven point – November 2013 - Commercial Production expected to begin in August 2014 o Funds required from Beta testing to production expected to be Company: RealSpeaker Lab develops the audio-visual speech recognition application RealSpeaker. Our solution uses additional video information, which allows as to improve voice recognition accuracy by at least 20-30 per cent. This makes our patent pending technology way ahead of existing competitions. We exists almost 2 years and have a team of 10 people. We have released beta version of our Marketplace: 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 Problem: 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 Product Offering: 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 Differentiation: US Patent 13/942,689: “System of video enhancement for audio speech recognition solutions to improve the accuracy of audio speech Partners: Our team is supported by such organizations and institutes as Microsoft Seed Fund, Skolkovo, Startobaza, Kazan IT-Park and 2 business-angels from the US. We have NDA with Samsung, LG, Toyota, Itouchu. Right now, we are looking for Business Model: Try & Buy Free version – can recognize speech to text for 3 days;