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Recall.ai raises $10M to give any developer the ability to build AI meeting bots in days

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–News Direct–

Conversations are now the worlds largest dataset. Millions of hours of meetings happen everyday over video conferencing platforms, and hundreds of companies try to make sense of these meetings using AI-powered meeting bots that take months to build. Today, the universal API for meeting bots Recall.ai has announced a $10 million funding round to allow engineers to integrate with any meeting platform, including Zoom, Google Meet, Microsoft Teams, Slack Huddles, and even platforms with no API. This funding round comes hot on the heels of 10x growth over the past 12 months.

The Series A funding round was led by Ridge Ventures with participation from Industry Ventures, Y Combinator, IrregEx, Bungalow Capital, Hack VC, and other existing investors. which will be used to scale Recall.ais product and team. This fresh investment brings the companys total amount raised to over $12M, following a $2.7 million seed round in December 2022.

Recall.ai founders: Amanda Zhu and David Gu
Recall.ai founders: Amanda Zhu and David Gu

It can take over one year for a team of specialist engineers to build the infrastructure and integrations required for even the most basic AI-powered meeting bots. After theyre built, companies face the bigger and more labor-intensive challenge of hosting and maintaining the infrastructure on hundreds of thousands of servers. In comparison, Recall.ai lets a single engineer get up and running with a meeting bot in a few days, even if they dont have expertise in real-time video processing. This lets companies focus on building their core product while Recall.ai runs, monitors, and scales complex, real-time video infrastructure.

"Recall has been a critical partner to us in rolling out Fellow.app's new AI copilot functionality which has been a huge hit with customers, explained Aydin Mirzaee, CEO of Fellow.app. We love working with Recall because they are focused on the infrastructure so that we can focus on what we're good at – solving meeting productivity for companies everywhere."

Co-founders David Gu and Amanda Zhu launched Recall.ai as two important trends emerged: a worldwide shift to remote work, and advances in AI technology that simplified the processing of unstructured voice and video data. Gu and Zhu previously worked on a real-time transcription tool for video conferences, where the bulk of their engineering teams effort was spent building and maintaining integrations with conferencing platforms. The duo realized companies building LLM tools to process data from virtual meetings today were running into the same integration and infrastructure hurdles they had already solved, and decided to start Recall.ai to enable the next generation of LLM-powered apps.

Recall.ai is the universal API for meeting bots that allows engineers to integrate with any meeting platform, even platforms with no API
Recall.ai is the universal API for meeting bots that allows engineers to integrate with any meeting platform, even platforms with no API

Over the last 12 months, Recall.ai has grown 10x and today ingests millions of hours of video meeting data for more than 300 companies. Customers are currently using the platform to build powerful tools that leverage conversation intelligence for sales enablement discussions, productivity, customer success, financial advising, telehealth applications, and virtual depositions, among other use cases. Recently, Recall also partnered with Zoom to release an official Meeting Bot Starter Kit that generates a transcript, requests a meeting summary, and provides it to participants in near real-time.

Conversations are the worlds largest dataset, said David Gu, co-founder at Recall.ai. Large language models continue to unlock conversations in exciting ways, and the demand for developers to capture this data has never been higher. Every SaaS company in the world should be using conversations as a data source. Recalls unified API makes it as easy as possible.

Recall is on its way to becoming the de facto infrastructural layer for all enterprise-level conversational data, added Akriti Dokania, Partner at Ridge Ventures. Video and voice data will only become more central to software companies moving forward. Providing infrastructure API access is a hard problem to solve and enterprises dont want to solve it in-houseRecalls tremendous growth proves it ten times over. Most importantly, David and Amanda are an ideal founding duo: technically gifted, tenacious, wise beyond their years, and always willing to learn and grow.

With this new funding, the company is primed for the next phase of growth. The same way that AWS provided common infrastructure that every company building a web application would need as they scale, Recall.ai is setting out to provide the common infrastructure for every company who needs to access and apply AI to conversations.

About Recall.ai

Recall.ai provides a single API for accessing real-time meeting data from platforms like Zoom, Microsoft Teams, Google Meet, and more. Real-time meeting integrations require a lot of moving parts, so Recall.ai provides a unified framework that simplifies this process. Recall.ai makes it easy to trigger actions based on who is speaking, when people join or leave a meeting, and more, all with a single API for every platform which helps lower development time and upkeep costs. The API can be used with both audio and video streams, even for meeting platforms that do not have a publicly accessible API.

About Ridge Ventures

Founded in 2007, Ridge Ventures is a seed and early-stage venture capital firm investing in founders who are redefining how the world interacts with data and code. Ridge takes a fast, flexible, and founder-focused approach, and backs companies delivering advanced technologies, new distribution models, and incredible user experiences. Find out more at www.ridge.vc

Contact Details

Recall.ai

Bilal Mahmood

+44 7714 007257

b.mahmood@stockwoodstrategy.com

Company Website

https://www.recall.ai/

View source version on newsdirect.com: https://newsdirect.com/news/recall-ai-raises-10m-to-give-any-developer-the-ability-to-build-ai-meeting-bots-in-days-298036258

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NPC Trading Platform to Introduce New Assets, Enhancing Liquidity in Matching Transactions

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NPC Neutral Financial Inclusive Platform is set to introduce multiple major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and TRON (TRX). This move significantly expands the platform’s trading options while offering users more diversified investment choices and higher asset liquidity. As a key player in the global DeFi sector, this step marks NPC’s firm progress toward becoming the central hub for full-chain liquidity.

Upgrading the DeFi Trading Experience

The introduction of these new assets is primarily supported by NPC’s advanced matching engine. This engine utilizes efficient parallel computing and memory optimization technologies, supporting millions of transactions per second (TPS). This ensures that users experience the highest transaction speeds and efficiency. Even during periods of extreme market volatility, the platform can guarantee smooth execution, ensuring users never miss any trading opportunities.

NPC Team stated, “We are constantly striving to create a more comprehensive and user-friendly DeFi platform. By introducing these leading assets, we are enriching our ecosystem and laying a solid foundation to establish ourselves as the hub for full-chain liquidity. Looking forward, we will continue to bring in more high-quality assets, further enhancing the platform’s competitiveness.”

Empowering Users with AI-Powered Trading

In addition to the new assets, NPC is also integrating advanced AI technology. NPC’s AI-powered trading and analytical tools are fully embedded into the platform, allowing users to execute trading strategies automatically, monitor market trends in real-time, and receive risk alerts. With these smart tools, users can manage their investments more efficiently and accurately, significantly improving the security and value of their assets.

The NPC team added, “AI not only boosts users’ trading efficiency but also ensures their safety in complex market environments. Our AI system provides real-time monitoring and risk warnings, ensuring every user can enjoy a secure and reliable trading environment.”

Future Outlook: Introducing More Assets, Creating a Global Liquidity Hub

As the platform continues to grow, NPC will introduce more mainstream assets and innovative financial tools. By further optimizing the intelligent matching engine and enhancing AI capabilities, NPC ensures that users have access to the best investment opportunities in the market. NPC’s goal is to become an indispensable liquidity hub in the global DeFi market, empowering users, businesses, and communities, and driving the growth of decentralized finance worldwide.

The successful introduction of these major assets not only strengthens NPC’s leading position in the global DeFi market but also lays a solid foundation for the onboarding of more assets and global expansion. With continuous technological innovation and market development, NPC is set to become the preferred decentralized financial services platform for users worldwide.

NPC is a leading decentralized financial platform, committed to providing more equitable, transparent financial services to users worldwide through decentralized technology. The platform supports multi-chain integration and efficient transaction matching, offering AI-powered trading and analytics to help users achieve secure, fast cross-chain asset trading. As the platform continues to expand, NPC is on its way to becoming the central hub for full-chain liquidity in the global DeFi ecosystem.

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Estake Holding: Redefining the Future of Digital Bond Holding and Sustainable Investments

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Belgium, UK, 18th October 2024, ZEX PR WIRE, Estake Holding is at the forefront of transforming the landscape of digital bond holding, combining traditional bonds with cutting-edge decentralized technologies. Our mission is to enhance accessibility, foster community engagement through decentralized governance, and create a transparent, innovative financial ecosystem. With a focus on maximizing financial opportunities for our participants, Estake Holding is driving innovation in the world of electronic bonds.

Our investment portfolio spans across diverse and high-potential markets, including Gold Mining, Real Estate, Forex, Digital Assets, and Hedge Funds. This unique blend of traditional and emerging sectors allows us to manage risk strategically while delivering exceptional returns for our clients. At Estake, we prioritize sophisticated financial strategies and fully managed, high-yield investment products designed to cater to a range of risk appetites.

Key Highlights:

  • Partnerships with Industry Leaders: Estake Holding has established strong partnerships with top players in the gold mining and real estate sectors, expanding its reach and creating new opportunities for growth.
  • Decentralized Governance: Through decentralized technologies, we aim to foster a community-driven environment where participants are empowered to engage and contribute meaningfully.
  • Innovation in Digital Bonds: We are leading the charge in modernizing the financial ecosystem by integrating digital bonds with blockchain technologies, ensuring transparency and security for investors.
  • Focus on Sustainability: Our investments are also aligned with sustainable development goals, as seen in our affordable housing projects and smart city initiatives, where we use innovative technologies such as prefabrication, 3D printing, and sustainable building practices.
  • WeMarket E-commerce Platform: Estake has introduced WeMarket, a next-generation e-commerce platform designed to revolutionize online shopping. This Web and App-based marketplace empowers solopreneurs and franchisees with seamless, automated operations for scalable business ventures.
  • Anti-Counterfeit Solutions: We are also addressing critical industry challenges by offering WeCheck, a blockchain-powered solution for eliminating counterfeit products, ensuring that customers only receive genuine items.

Through these initiatives, Estake Holding continues to build a robust and balanced investment portfolio, fostering long-term financial growth while contributing positively to the global community. We are committed to delivering high-quality, sustainable solutions across industries, with a focus on innovation, efficiency, and community engagement.

For more information, visit Estakebond.com and join us in shaping the future of digital bond holding.

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The Way to Happiness Association of Tennessee Promotes Positive Values at Back In School Festival

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Nashville, Tennessee, 18th October 2024, ZEX PR WIRE, The Way to Happiness Association of Tennessee participated in the recent Back In School festival in the Edgehill neighborhood, engaging local youth with positive and practical life principles from The Way to Happiness common-sense moral code. The festival, which attracted families and students preparing for the school year, provided an ideal platform to share key messages about leading an ethical and fulfilling life.

Volunteers from the association distributed booklets and engaged with young people, encouraging them to apply precepts such as “Honor and Help Your Parents,” “Set a Good Example,” and “Seek to Live with the Truth.” These timeless values, drawn from the non-religious guidebook, aim to inspire youth to make responsible decisions and positively impact their families and communities.

“We believe in equipping young people with the tools to build a better future,” said a representative of The Way to Happiness Association of Tennessee. “The principles in The Way to Happiness provide clear guidance on how to lead a moral life, one rooted in kindness, integrity, and respect.”

With growing concerns about youth facing challenges such as peer pressure and social influences, The Way to Happiness serves as a helpful resource for students to navigate these issues successfully. Precepts like “Set a Good Example” empower young people to take leadership roles within their social circles, while “Seek to Live with the Truth” reinforces the importance of honesty in building trust and lasting relationships.

The Back In School festival was an opportunity for The Way to Happiness Association to engage with local youth and their families, inspiring a renewed commitment to positive moral values as they head into the new school year. The association continues its work throughout Tennessee, participating in community events and initiatives aimed at improving the well-being of individuals and communities through the application of these universal principles.

For more information about The Way to Happiness Association of Tennessee, visit TWTH.org.

About The Way to Happiness

The Way to Happiness is a non-religious moral code based entirely on common sense. Written by author and humanitarian L. Ron Hubbard, the booklet provides 21 principles that offer a guide to a happier, more ethical life. It has been translated into 117 languages, with over 100 million copies distributed in 186 nations.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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