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

Mar 11, 2024over 1 year ago

Amount Raised

$7 Million

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.

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.

FundzWatch™ Score

10
Low Activity
1 total signals

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers