About UG Labs
UG Labs is a company based in Tel Aviv (Israel) founded in 2022 by Ariel Leventhal and Shachar Mendelowitz.. UG Labs has raised $7 million across 1 funding round from investors including MediaTek, Amiti and MoreVC. UG Labs offers products and services including Conversational Engine, Custom LLMs, Speech Recognition, and Personas for Characters. UG Labs operates in a competitive market with competitors including Infobip, Hyro, Avaamo, Passage AI and Cognigy, among others.
- Headquarter Tel Aviv, Israel
- Founders Ariel Leventhal, Shachar Mendelowitz
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Sectors
TechnologyEducation
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Email
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Phone
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Website
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Social
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- Legal Name Universal Grammar Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7 M (USD)
in 1 rounds
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Latest Funding Round
$7 M (USD), Series A
Mar 11, 2024
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Investors
MediaTek
& 2 more
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Employee Count
Employee Count
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Products & Services of UG Labs
UG Labs offers a comprehensive portfolio of products and services, including Conversational Engine, Custom LLMs, Speech Recognition, and Personas for Characters. 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 natural, personalized conversations for kids' interactions
Builds tailored language models tested for children's understanding
Adapts recognition for young voices starting from age three
Creates interactive, educational personalities for toys and games
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Funding Insights of UG Labs
UG Labs has successfully raised a total of $7M through 1 strategic funding round. The most recent funding activity was a Series A round of $7 million completed in March 2024. 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 Series A — $7.0M
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First Round
First Round
(11 Mar 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - UG Labs | Valuation | Amiti , MoreVC |
| 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 UG Labs
UG Labs has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include MediaTek, Amiti and MoreVC. 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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Tech startups are funded by Amiti venture capital firm.
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Founded Year | Domain | Location | |
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Tech startups are funded by MoreVC, a venture capital firm.
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Founded Year | Domain | Location | |
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Provider of AI-based neural processing unit chipsets
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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 UG Labs
| 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 - UG Labs
| 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 |
Ug Labs Comparisons
Competitors of UG Labs
UG Labs 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 Infobip, Hyro, Avaamo, Passage AI and Cognigy, 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 |
Cloud-based messaging and communication solutions are provided for enterprises.
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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 |
Conversational AI platform for enterprises is provided by Avaamo.
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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 |
Cognigy is recognized for developing conversational AI solutions for customer service.
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| domain | founded_year | HQ Location |
Cloud-based voice APIs are offered for application integration.
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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 UG Labs
When was UG Labs founded?
UG Labs was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is UG Labs located?
UG Labs is headquartered in Tel Aviv, Israel.
Who is the current CEO of UG Labs?
Ariel Leventhal is the current CEO of UG Labs. They have also founded this company.
Is UG Labs a funded company?
UG Labs is a funded company, having raised a total of $7M across 1 funding round to date. The company's 1st funding round was a Series A of $7M, raised on Mar 11, 2024.
What does UG Labs do?
UG Labs was established in 2022 in Tel Aviv, Israel, within the AI and conversational technology sector. An engine for voice-based digital interactions is developed, focusing on creating conversational experiences tailored for children. Operations center on building interactive platforms that facilitate engagement through natural language processing. Services include AI-driven tools for educational and entertainment applications in the edtech space.
What products or services does UG Labs offer?
UG Labs offers Conversational Engine, Custom LLMs, Speech Recognition, and Personas for Characters.