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Hub71 Accepts 16 New Tech Startups To Join Its Community

The selected startups specialize in industries including fintech, healthtech, foodtech, cleantech, and logistics.

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hub71 accepts 16 new tech startups to join its community
Hub71

Launched back in 2019 as a means of bringing together investors, organizations, and strategic partners, the tech ecosystem known as Hub71 has recently accepted 16 new startups into its fold from the USA, UK, Italy, and more to further the progress of innovation and entrepreneurship in Abu Dhabi. The recent news comes as the company plans to expand its operational reach, scaling into other markets along with the UAE.

Over the next two years, the new startup additions will join Hub71’s incentive program that will include large-scale funding, access to a rich ecosystem of academic and corporate investors, and potential government partners. The latest round of financing at Hub71 has raised $467 million overall and will help drive progress in diverse industries, including fintech, healthtech, cleantech, edtech, foodtech, and logistics.

“Our value-driven programs continue to attract high-tech startups to Abu Dhabi that are driving transformation within key sectors of the economy. As partners to over 170 startups in our community, we always strive to connect founders to our global network of blue-chip corporations, government bodies, and investors. With our ability to unlock real growth opportunities for founders, we expect this new cohort to gain tremendous traction over the next few months within the vibrant tech ecosystem that Abu Dhabi offers,” says Badr Al-Olama, Acting CEO of Hub71.

Also Read: Disney+ Releases New MENA Content In September

Hub71’s startups include the Green Future Project, a platform supporting climate projects that track and trace environmental impact, Amwal, a platform enabling people to pay or send money based on their phone number, and Abhi, a fintech startup that lets salaried employees draw on their wages when needed.

In the first half of 2022, Hub71 helped startups land deals worth $700 million in revenues through the ecosystem’s corporate partners. Hub71 has also helped create around 1000 jobs.

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Truecaller To Use Microsoft Azure AI Speech For Call Answering

The new service features a powerful speech generation tool to allow users to create AI versions of their voices.

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truecaller to use microsoft azure ai speech for call answering
Truecaller

Truecaller, a well-known app for identifying and blocking spam calls, is enhancing its services by allowing users to create AI versions of their voices. The new feature, available to those with access to Truecaller’s AI Assistant, stems from a partnership with Microsoft and its Azure AI Speech tool, allowing the generation of realistic AI voices that accurately mimic users’ speech patterns and tone.

“This groundbreaking capability not only adds a touch of familiarity and comfort for the users but also showcases the power of AI in transforming the way we interact with our digital assistants,” explained Truecaller product director and general manager Raphael Mimoun in a recent blog post.

The AI Assistant in Truecaller screens incoming calls, informing recipients of a caller’s purpose. Based on this information, users can decide whether to answer the call themselves or let the AI Assistant handle it.

When the feature was introduced in 2022, users could only choose from a collection of preset voices. The ability to record one’s own voice represents a significant step towards the complete personalization of the service.

Also Read: Getting Started With Google Gemini: A Beginner’s Guide

Azure AI Speech, showcased during the last Build conference, only recently added a personal voice feature that lets people record and replicate voices. Microsoft explained in a blog post, however, that Personal Voice is available on a limited basis and only for specific use cases like voice assistants.

To maintain ethical standards, Microsoft’s Azure AI Speech automatically adds watermarks to AI-generated voices. Additionally, a code of conduct requires companies to obtain full consent from individuals being recorded and prohibits impersonation.

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