# Cochlear.ai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cochlear-ai

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.cochlear.ai
- Total disclosed funding: $2.3M
- Latest round: Series A (May 28, 2020)
- Investors on record: 4

## About

Cochlear.ai develops advanced auditory and speech recognition technologies designed to improve communication for individuals with hearing impairments. Their products leverage artificial intelligence to enhance sound clarity and comprehension in various environments.Cochlear.ai, founded in 2017 in Seoul, South Korea, specializes in hearing assistive devices utilizing advanced technologies. The company is led by CEO Yoonchang Han and was established by a team of founders including Donmoon Lee, Hyun-gui Lim, Il-Young Jeong, Subin Lee, and Yoonchang Han. Cochlear.ai raised USD 2.000 mn in Series A funding on May 28, 2020, led by Smilegate Investment, which also included participation from NAU IB Capital and Shinhan Capital. The total amount raised by the company stands at USD 2.000 mn.Cochlear.ai specializes in advanced auditory and speech recognition technologies, focusing on developing products that enhance communication for individuals with hearing impairments. Their core product offerings include innovative hearing assistive devices that integrate artificial intelligence to improve sound clarity and speech comprehension in various environments. These products address challenges faced by users in diverse settings, significantly enhancing their quality of life. The company primarily serves customers in North America and Europe, with a growing presence in Asia-Pacific markets, catering to both individual consumers and healthcare providers.Cochlear.ai generates revenue through a multifaceted business model that includes direct sales of its flagship hearing assistive devices and collaborations with healthcare providers. The company engages in B2B transactions by partnering with audiologists and clinics, where its products are offered as part of comprehensive hearing solutions. Pricing structures are based on individual products, with potential offerings that include both one-time purchases and subscription plans for software updates and additional features.Cochlear.ai plans to utilize the recently raised USD 2.000 mn from their Series A funding round to support upcoming product launches and expand into new markets. The company is focused on developing new assistive devices that will be released in the near future, enhancing their product line. They aim to penetrate additional markets in Asia-Pacific and Europe by late 2021, strengthening their customer base in these regions.

## Funding rounds

- Series A, May 28, 2020, $2M — Smilegate Investment, Shinhan Capital, NAU IB Capital
- Seed, Aug 21, 2017, $0.3M — Kakao Ventures

## Investors

- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Seed
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A
- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series A
- NAU IB Capital (https://capitalatlas.ai/funds/nau-ib-capital) — Series A