aiOla, an Israeli startup that offers voice and image recognition combined with advanced AI models to digitize, automate and streamline inspection processes in manufacturing, raised $25 million in a Series A round of funding led by New Era Capital with the participation of Hamilton Lane and other top tier investors. The company said that the new capital will “fuel our growth and execute our vision and mission of connecting the power of AI to the masses by our unstructured natural language interface to critical processes in “Must Have” industries.” aiOla has now raised a total of $33 million to date.
Founded in 2019, aiOla boasts that it is applying the most advanced proprietary technologies in AI, ASR & NLP to solve everyday problems, for any user, regardless of their technical skills or capabilities.
aiOla is capturing natural communication (voice, text, and visuals) for existing critical processes in numerous languages in any accent or industry jargon. Our solution creates instant and lasting impact in a wide range of industries and verticals from Food Safety, to Financial Services and to Compliance Challenges in general.
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“We are delighted to be able to partner with Amir and the entire aiOla team,” remarked Gideon Argov, Managing Partner at New Era Capital. “The company’s breakthrough technology is poised to help enterprise customers save valuable time, increase the precision of critical operational recommendations and reporting and break down language-based barriers between geographies and business units.”
“aiOla’s proprietary and patented natural-language interface technology is perfectly positioned to take advantage of the “gold rush” in AI adoption,” said aiOla’s CEO, Amir Haramaty. “Our technology spans any language or jargon for any process, offering an instant and lasting impact across a variety of industries and verticals. The new round will allow us to empower organizations to do “more with less” and to scale our ROI driven solution worldwide.”