Estonian-American startup Snackable, an AI-powered audio content search engine, has announced $1.4 million in further seed funding, mostly from Estonian investors. The round was led by Tera Ventures, with support from previous investor Superangel and one of the founders of Skype, Jaan Tallinn.
In the age of the podcast, when research, interviews, and journalism are all published in audio format, there’s a growing need for a search engine that can quickly scan spoken content and return the most relevant, sought-after bits of information.
Enter Snackable AI, which uses natural language processing and machine learning to help users find specific mentions from different recordings. The technology even considers the context of the material and provides the result in a short “snackable” format. Users no longer have to waste time listening to the whole thing.
Though the business is headquartered in New York City, the new funds will go toward market entry and expanding the development team in Estonia. Mari Joller, Estonion-born founder of Snackable said, “We will definitely continue and expand our operation in Estonia, as engineers here have the required know-how to develop technologies based on artificial intelligence. We are constantly looking for new talent in order to provide Estonian developers with the opportunity to work alongside top professionals in our field and develop game-changing technologies.”
This is the second round of funding for the company, which has raised $2.3 million since its start in 2018. The Snackable platform remains in the development stage, having run private pilots with leading media companies in the USA. New customers will launch later this year.