# Transcense

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.ava.me
- Total disclosed funding: $16M
- Latest round: Series A (Mar 2, 2022)
- Investors on record: 12

## About

Based in California, US, and founded in 2014 by its CEO Thibault Duchemin, COO Pieter Doevendans, and CTO Skinner Cheng, Transcense, Inc., also known as Ava, operates as a speech-to-text artificial intelligence platform. In March 2022, Transcense, Inc. raised USD 10 million in series A funding led by returning investor Khosla Ventures with participation from other returning investors Initialized Capital and Lerer Hippeau Ventures.

Ava’s product line includes Ava Closed Captions, a desktop and web application that allows users to view real-time closed captions; Ava App, which is a mobile application for iOS and Android users that captions video broadcasts, podcasts, and live chats; and Ava Scribe, an expert-caliber captioning service that integrates machine and human intelligence.

The company generates revenue by offering its services on a subscription-based pricing plan. The plans include pro and enterprise. The pro version costs USD 119 per month.

The company plans to use the funds raised in March 2022 to further develop its technology and expand its product offerings to deaf and hard-of-hearing people in the workforce, at school, in hospitals, etc.

## Funding rounds

- Series A, Mar 2, 2022, $10M — Sorenson Capital, Khosla Ventures, Lerer Hippeau Ventures, Initialized Capital, Ring Capital, LeFonds
- Seed, Dec 10, 2020, $4.5M — Khosla Ventures, Initialized Capital, Day One Ventures
- Seed, Nov 16, 2016, $1.8M — Partech Partners, SV Angel, Seraph Group, Lerer Hippeau Ventures, TOMS Shoes, Inc., FJ Labs

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Seraph Group (https://capitalatlas.ai/funds/seraph-group) — Seed
- Lerer Hippeau Ventures — Seed, Series A
- TOMS Shoes, Inc. — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed, Series A
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed, Series A
- Day One Ventures (https://capitalatlas.ai/funds/day-one-ventures) — Seed
- Sorenson Capital (https://capitalatlas.ai/funds/sorenson-capital) — Series A
- Ring Capital (https://capitalatlas.ai/funds/ring-capital) — Series A
- LeFonds (https://capitalatlas.ai/funds/lefonds) — Series A