Viv Creators Score $12.5 Million in Series B funding
We live in a time where Al development is on the rise and it won’t be a surprise if the world is soon taken over by an evil Cortana or Siri. Just to let you know I’m available to be the real life John Conner. Anyways, a new Al called Viv, created by the same people behind Apple’s Siri has managed to get $12.5 million in Series B funding.
The Al is claimed to be much more powerful compared to Siri and this huge amount of money will be used to further enhance its capabilities. The special thing about this Al is that it learns from the world around it and automatically enhances its functionality. Spooky but amazing from a tech head’s point of view.
Iconiq Capital, considered the billionaires club of the Silicon Valley, led the funding. Some reports suggest that companies like Facebook, Twitter and others are on Iconiq Capital’s client list.
Apart from Iconiq Capital, Pritzker Group VC and others such as Li Ka-shing’s Horizons Ventures participated in the funding. The new round of funding follows the previous in which Viv managed to collect $10 million. That brings the total amount to $22 million.
Working with Iconiq Capital and their clients will present amazing possibilities for Viv and its creators. The interest of companies like Facebook and Twitter could do wonders for Viv Labs.
Viv Labs want to go past the original vision they had for Siri, the creators wanted Siri to be an Al interface that would act as a gateway to the whole Internet. But Siri turned out to be just a refined companion who’ll help you locate the nearby coffee shop. Siri is unable to evolve based on user data and the world, but Viv will attempt to achieve that for the first time.
Siri was acquired by Apple for $200 million from the creators and since then they did very little to enhance her capabilities. So, the aim Viv Labs had remained unachieved and they are now looking to change that with Viv.
However, Apple did bring an Al like Siri to the world via its integration into the company’s products. On their own, the creators may never have achieved this.
We have contacted Viv Labs to know more about their project, we will let you know as soon as we’ll hear something back.
Sikander is a gamer at heart and loves to write about the latest technology trends. He does it all in the name of Techfrag!