RealSpeaker - audio-visual enhancement to - RealSpeaker audio-visual enhancement to speech recognition system

PROBLEM

Inability to Suppress AmbientNoise (audio is not reliablesource of information)

High Cost of Voice RecognitionApplications (Nuance licensesaverage costs from $100 to$1000)

Issues with Accuracy (withaccuracy 60-70% their paintfullto use)

Low Level of Security inSpeaker Verification

Users must speak in unnaturalfashion using fragmentedspeech (the problem withusability)

EXISTING ALTERNATIVES

Keyboard typing

DragonDictation for PC or Mac(very expensive costs)

Google Speech recognition(free using by default onAndroid OS - only for short voicecommands)

Windows speech recognition(free using by default onWindows OS - the problem withaccuracy - only for short voicecommands)

Siri voice assistent on iOS (freeusing by default on Iphones -only for short voice commands)

SOLUTION

RealSpeaker uses additionalvideo information, which allowsto improve voice recognitionaccuracy by at least 20-30 percent.

More safety becauseRealSpeaker have function ofaudio-video verificationspeaker's speech from theoverall speech flow

RealSpeaker cheaper thanNuance. Licences costs from$25 to $90

RealSpeaker have functions ofvoice editing and sending -more usability than Nuance

UNIQUE VALUEPROPOSITION

The average typing speed is 33words a minute. By the means ofRealSpeaker can record over100 words a minute

We have paid users, workingprototype and good traction

Multilanguage - (over 13languages supported today)

Enter text of any length with thevoice and video withoutkeyboard at any text editor orwebsite (Notes, Facebook,Skype, Evernote, E-mail,Microsoft Office etc.)

HIGH-LEVEL CONCEPT

RealSpeaker - audio-visualenhancement to speechrecognition systems

OpenCV - video processinglibrary originally developed byIntel

Nuance - speech recognitioncompany

Google Voice Search - speechrecognition engine

CMU Sphinx - speechrecognition system with OpenSource code

GoogleGlass SDK - videoprocessing library

Kinect SDK - video processinglibrary

UNFAIR ADVANTAGE

US Patent 13/942,689: “Systemof video enhancement for audiospeech recognition solutions toimprove the accuracy of audiospeech recognition due to theanalysis of speaker lipmovements”

Our team is supported by suchorganizations and institutes asMicrosoft Seed Fund, Skolkovo,Startobaza, Kazan IT-Park. Wehave NDA with Samsung, LG,Toyota, Itouchu.

We exists almost 2 years andhave a team of 10 people - ourworking place is based in Kazan(Russia) - cheap place withgood professional

Our technology can be integrateat any electronic devices

We have own database - videohow its work -http://youtu.be/TQaVWTqGCjs

CUSTOMER SEGMENTS

Adults group: disablity people

Professional segment: SEO,journalists, writers, bloggers,students, teachers, coachers,mentors, research specialists,focus groups

Active segment: businessmen,teenagers, geeks

According to TechNaviocurrently, only 15-20% of thespeech recognition marketpotential is used - need only tocreate customer product withhigh accuracy speechrecognition

EARLY ADOPTERS

Bloggers, journalists, roboticgeeks, journalists - our firsttesters

We have released beta versionof our product for Windows OS,which is currently in use byabout 50k users, out of which 2kusers are paid users

KEY METRICS

Funding: - Current Burn Rate -$1M - Seeds Round: $0,5M in2012-2013 o $0,3M – in 2012 o$0,2M – in 2013 - Seeking 1stRound: $1,0M

about 50k users, out of which 2kusers are paid users (December2013)

CHANNELS

Viral channelwww.realspeaker.net (prizes onour site)

Social servises: YouTube,Facebook or others

Free Torrents (spread trialversion of RealSpeaker)

Software Vendors (MailRuGroup , Digital River)

Lean Canvas is adapted from The Business Model Canvas (BusinessModelGeneration.com) and is licensed under the Creative Commons Attribution-Share Alike 3.0 Un-ported License.

COST STRUCTURE

Cost per license in time:

$25 for 3 months

$30 for 6 months

$37 for 1 year

$90 unlimited version

Integration at any service - royalty from sales

REVENUE STREAMS

Revenue: - 2012: $0,025M - 2013: $0,1M - 2014: $0,5M - 2015: $15M - 2016: $100M

B2C segment

Business Model: Try & Buy Free version – can recognize speech to text for 3 days; 4 %conversion. 50 k free users, 2 k paid users in December of 2013

B2B

We have NDA with Samsung, LG, Toyota, Itouchu.