# NeuralSpace

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

- Industry: Software
- Headquarters: London, UK
- Website: www.neuralspace.ai
- Total disclosed funding: $2.8M
- Latest round: Seed (Sep 20, 2022)
- Investors on record: 5

## About

Established in 2019 and based in London, UK, and founded in 2019 by Ayushman Dash (CTO), Felix Laumann (CEO), and Kumar Shridhar, NeuralSpace, Inc. is a natural language processing (NLP) company specializing in languages spoken across Asia, the middle east, and Africa. In September 2022, NeuralSpace, Inc. raised USD 2.8 million in a Seed round led by Techstars Central LLC. As of September 2022, the company employs over 20 professionals. 

The company provides developers with a web interface and a suite of APIs for text and speech NLP activities that leverage artificial intelligence (AI), including AutoNLP and AutoMLOps, which accurately translate languages even when spoken locally and can decode over 80 languages. The platform performs operations such as entity recognition, machine translation, transliteration, augmentation, language detection, text to speech, and vice versa.

The firm charges USD 0.001 for converting 1 message/comment and charges USD 0.024 per minute of transcribed speech.

The company intends to use the September 2022 funding to develop its core services, build customization capabilities, and add more languages, especially for automatic speech recognition (ASR) models.

## Funding rounds

- Seed, Sep 20, 2022, $1.1M — Merus Capital, Techstars, GoHub Ventures, APX, Verissimo Ventures
- Seed, Feb 22, 2022, $1.7M — Merus Capital, APX, Verissimo Ventures

## Investors

- Merus Capital — Seed
- APX (https://capitalatlas.ai/funds/apx) — Seed
- Verissimo Ventures (https://capitalatlas.ai/funds/verissimo-ventures) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- GoHub Ventures (https://capitalatlas.ai/funds/gohub-ventures) — Seed