About Snips
Snips is a company based in Paris (France) founded in 2013 was acquired by Sonos in November 2019.. Snips has raised $19.27 million across 2 funding rounds from investors including Sonos, Bpifrance and Korelya Capital. Snips offers products and services including Embedded Voice Recognition. Snips operates in a competitive market with competitors including Avaamo, Hyro, Figure Eight, Passage AI and MindMeld, among others.
- Headquarter Paris, France
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Sectors
Technology
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Phone
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Website
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Products & Services of Snips
Snips offers a comprehensive portfolio of products and services, including Embedded Voice Recognition. 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.
Provides voice recognition technology for integration into smart devices
Funding Insights of Snips
Snips has successfully raised a total of $19.27M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $13 million 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 2
- Last Round Series A — $13.0M
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First Round
First Round
(26 Jun 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Series A - Snips | Valuation | Korelya Capital , MAIF Avenir | |
| Jun, 2015 | Amount | Seed - Snips | Valuation | The Hive |
| 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 |
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Investors in Snips
Snips has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Sonos, Bpifrance and Korelya Capital. 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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Venture capital firm focused on investing in tech startups
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Corporate backed venture capital firm focused on multiple sectors
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US focused seed and early-stage VC firm
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Snips
| 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 - Snips
| 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 |
Snips Comparisons
Competitors of Snips
Snips 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 Avaamo, Hyro, Figure Eight, Passage AI and MindMeld, 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 |
Conversational AI platform for enterprises is provided by Avaamo.
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| domain | founded_year | HQ Location |
An AI-based conversational platform is provided for healthcare task automation.
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| domain | founded_year | HQ Location |
Offers AI training data, annotation, and services for enterprise AI development.
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| domain | founded_year | HQ Location |
A no-code platform for enterprise chatbot development is offered.
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| domain | founded_year | HQ Location |
Intelligent conversational interfaces are developed via the MindMeld platform.
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| domain | founded_year | HQ Location |
Web Data Intelligence
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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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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 Snips
Frequently Asked Questions about Snips
When was Snips founded?
Snips was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Snips located?
Snips is headquartered in Paris, France.
Is Snips a funded company?
Snips is a funded company, having raised a total of $19.27M across 2 funding rounds to date. The company's 1st funding round was a Seed of $6.27M, raised on Jun 26, 2015.
What does Snips do?
Snips is a French company that provides embedded voice platform and interfaces for enabling OEMs and enterprises to add voice assistants to their connected solutions. Its chief components include Commands, Flow, and Satellite. Commands is a voice interface that allows recognizing a set of commands following a wake word and can be used for audio components and home theater systems. Flow is an embedded natural language voice recognition solution that runs on-device and can be customized for end-users (such as address book, musical tastes, denominations of the rooms of the house, among others). Satellite can be installed on small devices powered by microcontrollers which are activated with a wake word and streams commands to any Flow-enabled device via a local network. In addition, it offers open-source SDKs and related DIY kits to developers. The company claims that the voice processing occurs offline and locally on the device thereby eliminating concerns about GDPR compliance or the data being shared in the cloud. As of March 2019, the solutions support multiple languages such as English, French, German, Japanese, Italian, and Spanish. Partners include Analog Devices, NVIDIA, Rank Software, among others.
What products or services does Snips offer?
Snips offers Embedded Voice Recognition.
Who are Snips's investors?
Snips has 9 investors. Key investors include Sonos, Bpifrance, Korelya Capital, MAIF Avenir, and Eniac Ventures.
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