Snips
Latest round
- Series A
Last raised
- Aug 2017
Total raised
- $13M
Investors
- 7
About Snips
Founded in 2013 in Paris, France, Snips SAS focuses on providing embedded voice recognition solutions. The company underwent a significant transition when it was acquired in November 2019 by Sonos, Inc.5 mn. The acquisition marked a pivotal shift in Snips' operations, aligning it with Sonos' product ecosystem. The founders, Alex Zverev and Maël Primet, established Snips with the intent to revolutionize voice interaction in smart devices.5 mn.Snips specializes in embedded voice recognition technology that integrates seamlessly with various sound systems, enhancing the audio experience for users. Their core offerings are designed to provide advanced voice interaction capabilities, enabling users to control devices using natural language commands. This technology targets a diverse clientele, including manufacturers of smart home devices, consumer electronics brands, and businesses in the hospitality sector looking to incorporate voice-activated solutions into their services. Snips' products are tailored for markets in North America, Europe, and Asia, where there is a growing demand for smart, voice-activated technologies.The revenue model for Snips revolves around strategic partnerships and B2B transactions, particularly with hardware manufacturers and software developers who integrate Snips' voice recognition technology into their products. The company engages in contractual agreements that allow clients to license its technology for a fee, structured around usage metrics or flat-rate subscriptions. Such partnerships enable Snips to capture value from its innovative offerings while providing clients with the tools necessary to enhance their product lines. The flagship technology can be positioned as a premium feature within smart devices, allowing manufacturers to differentiate their products in competitive markets.Looking ahead, Snips intends to leverage its recent acquisition by Sonos, Inc. to expand its offerings and enhance product integration across Sonos' devices. The company aims to launch new embedded voice recognition products that will further streamline user interactions. Additionally, Snips plans to expand its reach into the Asian market by 2022, capitalizing on the increasing demand for voice-activated technologies in that region.
Who invested in Snips
7 investors across 2 rounds
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Questions about Snips
Who invested in Snips?
Snips has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Snips raised?
Snips has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Snips last raise money?
Snips's most recent round on record is a Series A, in Aug 2017.
What does Snips do?
Founded in 2013 in Paris, France, Snips SAS focuses on providing embedded voice recognition solutions.
Where is Snips headquartered?
Snips is headquartered in Paris, France.
Which VCs invest in companies like Snips?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Snips's stage. Their profiles are linked below.
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