January 28 (SeeNews) - Montenegrin startup Om3ga Solution has raised a seed investment from South Central Ventures (SCV) and ICT Hub Ventures for its speech-to-text platform Daktilograf, SCV said.
The seed investment, the first from SCV for a Montenegrin startup team, will help them finalise their product and make it available to businesses across Europe, the fund said in a statement last week. The amount of the funding was not disclosed.
Daktilograf provides a unique speech recognition technology that supports South Slavic languages and has no limitations on the number of words which it recognises. The software is intended to primarily help journalists transcribe their interviews and help with transcripts of board meetings of big corporations, SCV said.
"We are delighted to partner with the team behind Daktilograf, not just because it’s our fund’s first investment in Montenegro, but primarily because of the founders’ ability to deliver such a technologically superior product with very limited resources. We strongly believe this provides a good foundation to build upon in the future and look forward to supporting the company’s growth," said SCV managing partner Jan Kobler.
Om3ga Solution, one of the fastest growing Montenegrin startups, initiated Daktilograf in 2017.