Hong Kong-listed innovation firm Kuangchi Science Limited, a member of Kuang-Chi Group, has led a $3 million funding round in Tel Aviv-based voice-driven emotions analytics firm Beyond Verbal.
Technology funds Winnovation and Singulariteam also participated in this round, the company said in the statement.
Beyond Verbal, launched in 2012, is a developer of the technology that enables the understanding of emotions, well-being and health conditions through the human voice.
“This funding will enable us to enhance our world leadership position, and continue our efforts into researching the connection between vocal intonation and health issues,” Yuval Mor, CEO of Beyond Verbal, said.
Its patent technology has been developed based on ongoing research into the science of emotions that started in 1995. Over the last 21 years, it has collected more than 2.5 million emotion-tagged voices in more than 40 languages and secured their technology with multiple granted patents.
Founded by five distinguished Chinese scientists and innovators after receiving postgraduate degrees from top international universities, Kuang-Chi and its affiliates operate in several high technology industries, including aerospace, communications, smart cities, and materials science.
This investment follows its launch of a $300-million Kuang-Chi Global Community of Innovation (GCI) to invest in “future life” technologies in May this year.
With the group’s value of over $10 billion, it has invested in companies including Solar Ship Inc, Martin Aircraft Company, biometrics pioneer Zwipe and communications group HyalRoute.