About AppTek
AppTek is a company based in Mclean (United States) founded in 1990 by Mohammad Shihadah and Mudar Yaghi. It operates as a SaaS, and B2B. AppTek has completed 1 acquisition, including Ignite-TEK. AppTek offers products and services including Automatic Speech Recognition, Neural Machine Translation, Large Language Models, and Neural Speech Synthesis. AppTek operates in a competitive market with competitors including Otter.ai, Skype, Panopto, Deepgram and Vidyard, among others.
- Headquarter Mclean, United States
- Founders Mohammad Shihadah, Mudar Yaghi
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Novus Capital Group
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of AppTek
AppTek offers a comprehensive portfolio of products and services, including Automatic Speech Recognition, Neural Machine Translation, Large Language Models, and Neural Speech Synthesis. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Converts spoken language into text using neural networks.
Translates languages with AI-driven accuracy.
Generates human-like text from learned patterns.
Converts text to natural-sounding speech.
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Funding Insights of AppTek
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2020 | Amount | Unspecified - AppTek | Valuation | SOSi |
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| Jun, 2018 | Amount | Grant - AppTek | Valuation |
investors |
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| Apr, 2016 | Amount | Debt – Venture - AppTek | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AppTek
AppTek has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Novus Capital Group, SOSi and U.S. Department of Defense. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm offering mezannine financing
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Founded Year | Domain | Location | |
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Offers a full suite of IT services, including support, maintenance, and security.
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Founded Year | Domain | Location | |
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Military forces are provided by the U.S. Department of Defense for national security.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AppTek
AppTek has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ignite-TEK. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-driven speech recognition is utilized for business marketing insights.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AppTek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Apptek Comparisons
Competitors of AppTek
AppTek operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Otter.ai, Skype, Panopto, Deepgram and Vidyard, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-based voice transcription for meetings is provided via cloud software.
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| domain | founded_year | HQ Location |
VoIP software for internet video chats and calls is offered.
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| domain | founded_year | HQ Location |
Cloud-based video conferencing management software provider
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| domain | founded_year | HQ Location |
AI-based speech transcription software is provided using deep learning models.
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| domain | founded_year | HQ Location |
A video marketing and analytics platform is provided for businesses.
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| domain | founded_year | HQ Location |
Speech recognition applications are developed via cloud-based AI platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Apptek
Frequently Asked Questions about AppTek
When was AppTek founded?
AppTek was founded in 1990 and raised its 1st funding round 26 years after it was founded.
Where is AppTek located?
AppTek is headquartered in Mclean, United States. It is registered at Mclean, Virginia, United States.
Who is the current CEO of AppTek?
Mohammad Shihadah is the current CEO of AppTek. They have also founded this company.
What does AppTek do?
AppTek.ai is a global leader in artificial intelligence and machine learning, focusing on technologies like automatic speech recognition, neural machine translation, natural language processing, large language models, and text-to-speech. They use deep neural networks to transcribe, translate, and synthesize speech for various applications. Based in locations including the US and Europe, they serve industries such as media, government, and enterprise business through customizable solutions.
Who are the top competitors of AppTek?
What products or services does AppTek offer?
AppTek offers Automatic Speech Recognition, Neural Machine Translation, Large Language Models, and Neural Speech Synthesis.
How many acquisitions has AppTek made?
AppTek has made 1 acquisition, including Ignite-TEK.
Who are AppTek's investors?
AppTek has 3 investors. Key investors include Novus Capital Group, SOSi, and U.S. Department of Defense.
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