Beyond Verbal fetches $3 mln Series A

Israel-based Beyond Verbal, a provider of voice-driven emotions analytics, has secured $3 million in Series A funding. KuangChi Science Limited led the round with participation from Winnovation and Singulariteam.

PRESS RELEASE

Tel Aviv, Israel – September 1, 2016 – Beyond Verbal, the leader in voice-driven emotions analytics, has raised $3 million as part of a Series A round, led by KuangChi Science Limited, a member of the Kuang-Chi group. The investment follows the May 2016 launch of Kuang-Chi’s $300 million Global Community of Innovation (GCI) fund, allotted for investments in “future life” technologies.

Tel Aviv-based Beyond Verbal’s technology enables the understanding of emotions, well-being, and health conditions through the human voice. Founded in 2012, the award-winning company’s emotions analytics technology has numerous applications – from improving call center effectiveness, to quantifying emotions for market research purpose, and all the way to tracking health conditions over time – and is grounded in more than two decades of research by Chief Science Officer, Dr. Levanon.

Dr. Ruopeng Liu, Chairman of Kuang-Chi:  “I am very happy to announce our investment in and partnership with Beyond Verbal. The company’s technology is both innovative and highly advanced, with limitless potential. This new partnership is bound to result in the development of new and exciting technologies with benefits in a variety of fields from healthcare to artificial intelligence.”

Kuang-Chi seeks investments in technologically disruptive early to mid-stage Israeli and global companies in robotics, machine vision, aviation, and related technology sectors. Portfolio companies receive the full support of Kuang-Chi’s corporate resources, from sales and marketing to joint tech development.

In addition to Kuang-Chi, technology funds Winnovation and Singulariteam participated in the round, which will be used to finance continued R&D in the health and wellness space, as well as the commercialization of Beyond Verbal’s technology in the emotions space.

Yuval Mor, CEO of Beyond Verbal: “Beyond Verbal has long sought a partner in China, and we found precisely what we were looking for in Kuang-Chi, a company whose leadership is determined to change the world. Many thanks to our Board for supporting this partnership and to Dr. Liu for his confidence in our team. This funding will enable us to enhance our world leadership position, and continue our efforts into researching the connection between vocal intonation and health issues.”

About Beyond Verbal
Since its launch in 2012, Beyond Verbal has been using voice-driven Emotions Analytics to dramatically change the way we can detect emotions and health. Beyond Verbal’s patented technology has been developed based on ongoing research into the science of emotions that started in 1995. Currently, Beyond Verbal has ongoing studies and collaborations with the Mayo Clinic, the University of Chicago, Scripps, Hadassah Medical Center, and more. During the past 21 years, the company has been able to hone its technology through multiple internal tests and independent external validations. Over time, Beyond Verbal has collected more than 2.5 million emotion-tagged voices in more than 40 languages, and secured their technology with multiple granted patents.

For more information visit: www.beyondverbal.com

About Kuang-Chi
KuangChi Science Limited (Stock Code: 00439.HK) is an innovation leader listed on the main board of Hong Kong’s stock exchange.  Founded by five distinguished Chinese scientists and innovators after receiving postgraduate degrees from top international universities, the company and its affiliates operate in several high technology industries, including aerospace, communications, smart cities, and materials science. The Kuang-Chi Group has created a global community of innovation with a clear objective: making the world better for all people.  Bringing together varied companies and technologies from around the globe to share ideas, technology, and vision, the community has achieved extraordinary successes.