# Fano Labs

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

- Industry: Software
- Headquarters: Hongkong, China
- Website: www.fano.ai
- Latest round: Series B (May 2, 2024)
- Investors on record: 8

## About

Established in 2015 and based in Hong Kong, China, Fano Labs operates as an Artificial intelligence company that focuses on the research and development of speech and natural language processing technology. It was recognized as the National High-tech Enterprise and received the Hong Kong ICT Awards 2020 Gold Award. The company is a spin-off of the University of Hong Kong. Guoan Li, the founder and chairman of the company, graduated from the Massachusetts Institute of Technology (MIT) and is a Principal Professor of the Department of Electrical Engineering at the University of Hong Kong. The company has branch offices in Shenzhen and Guangzhou. In May 2024, Fano Labs closed a series B funding.

The company specializes in speech recognition, speaker separation, voice verification, and natural language processing (NLP) technologies. Products include Intelligent Speech Analysis Systems, AI Intelligent Telephone Robots, AI Transcription Tools, etc. Its artificial intelligence system can analyze Cantonese, Sichuan, English, and Mandarin. It developed Callinter, an AI speech analysis system, with functions such as automatic language detection, emotion analysis, and voiceprint verification. Products have served enterprise clients such as HSBC, Citibank, Cathay Pacific, and China Mobile Hong Kong, covering banks, aviation, insurance, and other fields.

The company generates revenue by providing speech and natural language processing products.

The company will use the funding to expand, market, develop products and technologies, establish the Singapore office, and launch the Large Language Model (LLM) product.

## Funding rounds

- Series B, May 2, 2024 — HSBC Insurance Brokers Limited, Openspace Capital, Greater Good Investment
- Seed, Nov 21, 2017 — Horizons Ventures, Saltagen Ventures
- Angel, May 31, 2017 — Horizons Ventures, Hong Kong Science and Technology Parks, Alibaba Entrepreneurs Fund, Saltagen Ventures, Faculty of Law, HKU

## Investors

- Horizons Ventures — Angel, Seed
- Hong Kong Science and Technology Parks — Angel
- Alibaba Entrepreneurs Fund (https://capitalatlas.ai/funds/alibaba-entrepreneurs-fund) — Angel
- Saltagen Ventures (https://capitalatlas.ai/funds/saltagen-ventures) — Angel, Seed
- Faculty of Law, HKU — Angel
- HSBC Insurance Brokers Limited — Series B
- Openspace Capital (https://capitalatlas.ai/funds/openspace-capital) — Series B
- Greater Good Investment — Series B