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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Products & Services of Snips
Snips offers a comprehensive portfolio of products and services, including Embedded Voice Recognition.
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.
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.
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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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Investor details for Snips
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Investments & Acquisitions by Snips
Investment portfolio details for Snips
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Financial Statements - Snips
Detailed financials for Snips
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Snips Comparisons
Peer comparison for Snips
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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.
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Conversational AI platform for enterprises is provided by Avaamo.
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An AI-based conversational platform is provided for healthcare task automation.
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Offers AI training data, annotation, and services for enterprise AI development.
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A no-code platform for enterprise chatbot development is offered.
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Intelligent conversational interfaces are developed via the MindMeld platform.
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Detailed competitors of Snips
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Latest news on Snips
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Frequently Asked Questions about Snips
Snips was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Snips is headquartered in Paris, France.
Snips is a funded company, having raised a total of $19.27M across 2 funding rounds to date.
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.
Snips offers Embedded Voice Recognition.
Snips has 9 investors. Key investors include Sonos, Bpifrance, Korelya Capital, MAIF Avenir, and Eniac Ventures.