Growth boosters for AI startups

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03.08.2023

Three startups are leveraging artificial intelligence technologies to build solutions that help companies to extract insights from daily documents, monetise data and create voice bots. Joining global acceleration programs will bring them a step further in their journey while giving them access to experts, networks and investors.

Manual data extraction from documents is time-consuming, costly and prone to errors. Waveline wants to help companies integrate AI into their business without any prior machine learning experience in order to extract valuable insights from various document formats. The company combines conventional methods with state-of-the-art deep learning models to build Waveline Extract, an Aipowered tool for customers to classify, handle, and extract specific information from unstructured data like e-mails or documents, interact with databases, and build custom AI pipelines.

Waveline Extract can be used in various industries and applications, such as: Legal, to accelerate contract analysis, extract key terms and clauses, and automate document review processes. In finance, it helps users streamline invoice processing, extract financial data from reports, and improve data accuracy for analysis. In healthcare, customers can extract patient information from medical records, automate data entry for electronic health records, and ensure regulatory compliance. And in the human resources field, users can simplify resume parsing, extract key information from job applications, and automate candidate screening. Waveline was founded in 2022 by Jan Schnyder, Nicolas Muntwyler, Kyrill Hux and Stan Wohlwend, and it is currently in the beta phase. As a member of the Y Combinator, the startup will get access to funding, a global network and visibility.

PlaynVoice selected for Microsoft for Startups Founders Hub
Microsoft for Startups Founders Hub is a multi-year program offering up to $150,000 in Microsoft Azure credits, development and productivity tools and mentorship from technical and business leaders to help startups enhance their solutions. PlaynVoice is one of the latest additions to the program. The startup built an AI platform that allows companies to forward phone calls to a trained voice bot assistant that answers phone calls and provides end2end services with API access, thus adding an AI layer to speech-based business processes.

Syntheticus joins Google for startups
Google, with its dedicated startup division Google for Startups, has selected Syntheticus to join its global program dedicated to accelerating the trajectory of high-potential startups to enable growth at scale. Through this program, Google will provide access to invaluable resources, including Google Cloud credits, Google Cloud training, business and technical support and other Google-wide offerings. The Swiss startup built a synthetic data platform to enable clients to share and monetise data and ML models with privacy.

(RAN)

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