July 4, 2024
longform.ai receives funding from Innovatiefonds Noord-Holland to extract insights from audio data
longform.ai, a spin-off from the University of Amsterdam, has received €300,000 in funding from Innovatiefonds Noord-Holland. The startup, co-founded by Paul Groth, professor of Data Science at UvA, develops AI technology to extract valuable insights from large amounts of audio data.
longform.ai develops a platform that uses generative AI to extract insights from large amounts of audio data. This AI startup was founded in June 2023 by CTO Paul Groth, professor of Data Science at UvA, and CEO Pim Stouten.
Online conversations, such as podcasts and webinars, are growing explosively and are becoming an increasingly important source of information for analysts, researchers, and business decision-makers. This creates a new challenge: with thousands of hours of relevant conversations, it is difficult to extract the truly important elements.
longform.ai addresses this challenge by leveraging state-of-the-art generative AI: extracting facts directly from vast amounts of audio data and interpreting them through AI. Pim Stouten, co-founder and CEO of longform.ai, explains: "Being fully informed about the markets, companies, and topics relevant to you is a growing challenge. By compressing audio such as podcasts and webinars into searchable and combinable insights, longform.ai makes the lives of analysts and researchers much easier."
Ludolf Stavenga, fund manager at Innovatiefonds Noord-Holland, adds: "It's great to support a strong team of heavyweights in AI and B2B data in developing software to extract crucial information from massive amounts of unstructured data, spot trends, miss nothing, and stay ahead of the competition."
For more information, visit longform.ai and Innovatiefonds Noord-Holland.
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