About Promptu
Promptu is a Technology company based in Menlo Park (United States) founded in 2000. Provider of voice recognition and natural language understanding technology. It operates in the Technology and Transportation, Automotive & Logistics sectors. Promptu has raised $52.89 million across 5 funding rounds from investors including Steelpoint Capital and Lauder Partners. The company has 10 employees. Its focus areas include High Tech, Natural Language Processing, Industry Specific Applications and Automotive. Its legal entity is PROMPTU SYSTEMS CORPORATION. Its competitors include Borqs, AssemblyAI and AudioEye; 3 of its 3 listed competitors have raised funding.
Company details
Promptu provides voice recognition solutions for developers. Its spoken language understanding platform, also known as Intellgo, is based on two components namely an open dictation automatic speech recognition (ASR) to convert the users natural speech into text and natural language understanding (NLU) to extract the texts meaning. Its ASR technology comprises of vocabulary and language model are tailored to the words and phrases of the application domain such as business search, command and control, or audio and video content selection. Its NLU technology uses rules to fine-tune system responses and claims that that semantic network is pre-populated with 300,000-word lemmas and collocations, and includes a preprocessing step that performs part-of-speech labeling, lemmatization, and word sense disambiguation. The solution can be accessed via the cloud or can be fully embedded to the host device. The target market includes the automotive sector, consumer electronics and more.
- Headquarters Menlo Park, United States
- Employees 10
- SectorsTechnologyTransportation, Automotive & Logistics
- Website promptu.com
- Social LinkedIn X Facebook
- Legal Name Promptu Systems Corporation
- Total Equity Funding$52.89M (USD)
in 5 rounds
- Latest Funding Round$7.1M (USD), Series C
Feb 2009
- InvestorsSteelpoint Capital
& 1 more
- Employee Count10
Funding Insights of Promptu
Promptu has successfully raised a total of $52.89M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $7.1 million completed in February 2009. 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 $52.89M
- Total Rounds 5
- Last Round Series C — $7.1M
- First Round $6.45M
(Jan 2004)
- Investors Count 2
All 5 funding rounds of Promptu with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2009 | $7.1M | Series C | – | – | – |
| Feb 2007 | $5.6M | Series C | – | Steelpoint Capital, Lauder Partners | – |
| Sep 2006 | $11.6M | Series B | – | Steelpoint Capital | |
| May 2005 | $22.14M | Series B | – | Lauder Partners | – |
| Jan 2004 | $6.45M | Series A | – | – | – |
2 investors in total: 2 institutional.
Investors in Promptu
Promptu has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Steelpoint Capital and Lauder Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity is focused on healthcare and fitness sectors. | steelpointcp.com | Solana Beach, United States | ||
Tech-focused VC firm investing primarily in the US & Canada | lauderpartners.com |
Investor details for Promptu
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Timeline of Promptu
3 dated milestones of Promptu across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Promptu is founded.
- Funding First funding round of $6.4M.
- Funding Latest funding round, Series C, of $7.1M.
Competitors of Promptu
Promptu has 3 listed competitors in our database, 3 of them funded. They include Borqs, AssemblyAI and AudioEye.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| borqs.com | 2007 | Santa Clara, United States | $32.57M | 612 | Borqs is recognized as a global leader in IoT solutions. | |
| assemblyai.com | 2017 | San Francisco, United States | $108.12M | 59 | Provider of speech to text solutions | |
| audioeye.com | 2005 | Tucson, United States | $13.2M | 145 | Cloud-based accessibility tools are offered to businesses for digital compliance. |
Detailed competitors of Promptu
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in AI Core Platforms & Infrastructure
3 companies that operate in the same segment as Promptu (AI Core Platforms & Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 58.07 B | 11,115 | ||
AI-powered graphical processing units and SoCs | 1993 | Santa Clara, California, United States | USD 5 M | USD 130.5 B | 42,000 | |
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 136.81 B | 6,146 |
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Frequently Asked Questions about Promptu
Promptu was founded in 2000 and raised its 1st funding round 4 years after it was founded.
Promptu is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Promptu is a funded company, having raised a total of $52.89M across 5 funding rounds to date. The company's 1st funding round was a Series A of $6.45M, raised on Jan 2004.
Promptu has 10 employees.
Promptu provides voice recognition solutions for developers. Its spoken language understanding platform, also known as Intellgo, is based on two components namely an open dictation automatic speech recognition (ASR) to convert the users natural speech into text and natural language understanding (NLU) to extract the texts meaning. Its ASR technology comprises of vocabulary and language model are tailored to the words and phrases of the application domain such as business search, command and control, or audio and video content selection. Its NLU technology uses rules to fine-tune system responses and claims that that semantic network is pre-populated with 300,000-word lemmas and collocations, and includes a preprocessing step that performs part-of-speech labeling, lemmatization, and word sense disambiguation. The solution can be accessed via the cloud or can be fully embedded to the host device. The target market includes the automotive sector, consumer electronics and more.
Promptu's top competitors include Borqs, AudioEye and AssemblyAI.
Promptu has 2 investors. Key investors include Steelpoint Capital, and Lauder Partners.
Promptu operates through Promptu Systems Corporation.