Communications Startup Snips Brings In $13 Million

Snips announced the completion of $13 million in Series A financing. Four investors contributed to the round: MAIF Avenir, Korelya Capital, Bpifrance, and Eniac Ventures.

Snips is an AI voice platform for connected devices. It offers an end-to-end solution with speech recognition and natural language understanding, enabling anyone to add a customizable voice assistant to a product. Snips is the only deep-learning-based voice platform that runs fully on devices, offering multiple advantages, including the ability to run without need for a server or the cloud. It also claims to have a “privacy by design” feature, making it the only solution guaranteed to be legal under the new European privacy regulation (GDPR).