Fundz

UG Labs raises $7M in a funding round led by MoreVC to infuse conversational AI into games for kids.

PRIVATEMar 11, 2024

Amount Raised

$7 Million

Round Type

Funding Round

Tel AvivSoftwareArtificial IntelligenceGaming

Investors

MediatekAmiti VentureMore Vc

Description

UG Labs has secured a $7 million funding round led by MoreVC to infuse conversational AI and voice interactivity into games for kids. The round includes participation from deep tech VCs Amiti Venture, Mediatek, and private angels.

Quick answer

UG Labs raised $7 Million in a Funding Round round, dated March 11, 2024. Investors: Mediatek, Amiti Venture and More Vc. UG Labs is based in Tel Aviv, Tel Aviv District, Israel.

How much did UG Labs raise?
UG Labs raised $7 Million in a Funding Round round on March 11, 2024.
Who invested in UG Labs?
Mediatek, Amiti Venture and More Vc are named as investors in this round.
What does UG Labs do?
The first truly interactive engine for children – adaptive, engaging, and fun!
Where is UG Labs based and how big is it?
UG Labs is based in Tel Aviv, Tel Aviv District, Israel.
Who are the decision-makers at UG Labs?
Fundz holds 1 contact at UG Labs. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Gaming and Software around the same time

Companies in the same sectors as UG Labs that raised within 45 days of this round, from Fundz verified event records.

  • Nvidia raised $2.1M (Seed) on February 2, 2024.
  • Navix raised $4.7M (Seed) on April 25, 2024.
  • Anduril raised $1.5B (Series E) on April 25, 2024.
  • PeppercornAI raised $4.2M (Series A) on April 24, 2024.
  • Parloa raised $66M (Series B) on April 24, 2024.
  • Anon raised $6.5M (Seed) on April 24, 2024.

Who to call at UG Labs, and when

A new round usually means UG Labs is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day UG Labs raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at UG Labs, from your own LinkedIn network

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Company Information

Company

UG Labs

Location

Tel Aviv, Tel Aviv District, Israel

About

The first truly interactive engine for children – adaptive, engaging, and fun! Our speech recognition is tailored to kids and outperforms the state-of-the-art solutions, understanding not only what kids say, but also what they mean. Our conversation engine allows deep, generative, and safe content tailored for each child, adjusted to their specific development level and imagination. Our voice generation capabilities create rich and lively voices that fit the experience of your brand's characters. UG Labs is a small team of people who are AI, UX, and child experts. We're where creativity meets engineering. We are excited about harnessing the potential of the new technologies into experiences that work for children.

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UG Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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