About Lyrebird
Lyrebird is a company based in Montreal (Canada) founded in 2017 by Jose Sotelo, Kundan Kumar, and Alexandre De Brebisson was acquired by Descript in September 2019.. Lyrebird has raised $120 thousand across 1 funding round from investors including Descript and Y Combinator. Lyrebird operates in a competitive market with competitors including Otter.ai, AssemblyAI, iZotope, Tellme and YITU, among others.
- Headquarter Montreal, Canada
- Founders Jose Sotelo, Kundan Kumar, Alexandre De Brebisson
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Sectors
TechnologyMedia & Entertainment
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Email
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Phone
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Website
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Social
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Funding Insights of Lyrebird
Lyrebird has successfully raised a total of $120K through 1 strategic funding round. The most recent funding activity was a Seed round of $120 thousand completed in June 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $120,000
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First Round
First Round
(01 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2017 | Amount | Seed - Lyrebird | Valuation | Y Combinator |
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| 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 Lyrebird
Lyrebird has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Descript and Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Automated transcribing solution provider for audio files
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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 Lyrebird
| 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 |
Financial Statements - Lyrebird
| 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 |
Lyrebird Comparisons
Competitors of Lyrebird
Lyrebird 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, AssemblyAI, iZotope, Tellme and YITU, 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 |
|---|---|---|---|---|
| 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 |
Provider of speech to text solutions
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| domain | founded_year | HQ Location |
Audio software and plug-ins are developed for recording and mixing.
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| domain | founded_year | HQ Location |
Voice recognition technology for phone-based information access is provided.
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| domain | founded_year | HQ Location |
AI-based decision intelligence platforms are provided for multiple sectors.
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| domain | founded_year | HQ Location |
AI platform for generating realistic voices in training, advertising, and video production.
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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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Frequently Asked Questions about Lyrebird
When was Lyrebird founded?
Lyrebird was founded in 2017.
Where is Lyrebird located?
Lyrebird is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Is Lyrebird a funded company?
Lyrebird is a funded company, having raised a total of $120K across 1 funding round to date. The company's 1st funding round was a Seed of $120K, raised on Jun 01, 2017.
What does Lyrebird do?
Lyrebird was founded in 2017 in Montreal, Canada, focusing on AI-driven speech synthesis within the technology sector. A platform is provided to developers, allowing voice replication from one-minute audio recordings. Up to 1000 sentences can be generated in under half a second, with emotions integrated for natural output. The technology originated from the MILA lab at the University of Montreal. As of April 2018, the developer API remained in development.
Who are the top competitors of Lyrebird?
Who are Lyrebird's investors?
Lyrebird has 2 investors. Key investors include Descript, and Y Combinator.
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