Openspace is thrilled to announce that we lead the Series B round for Fano Labs, with participation from HSBC, Greater Good Investment, the family office of Mr. and Mrs. Kenneth Lo, and existing shareholders.
Founded in 2015 by Dr. Miles Wen and Professor Victor Li on Kwok as a spin-off of the University of Hong Kong, Fano Labs is an AI startup specializing in Automatic Speech Recognition (ASR), Natural Language Processing (NLP), and big data technologies.
The solutions that they offer tackle a range of critical challenges through their advanced language AI solutions. Their offerings encompass tackling speech and language challenges prevalent in multilingual environments such as found in Singapore and other regions in Asia. Furthermore, they also focus on developing technologies to automate compliance analysis, improve customer experiences, and protect against fraud.
This fundraising will fuel Fano Labs' expansion into the APAC market, establishing an office in Singapore as the hub for international clients. With a commitment to addressing challenges prevalent in multilingual environments, Fano Labs will direct further investment towards developing its AI language solutions. This includes incorporating additional APAC languages and launching its suite of Large Language Model (LLM) products to enable seamless communication and interaction across diverse linguistic environments.
"Fano Labs' dedication to innovation and its proven track record in the AI space make them an exciting investment opportunity. We believe that Fano's expansion into the APAC market will unlock new avenues for growth and reinforce its position as a leader in the industry," said Jessica Huang Pouleur, our Partner, expressing our confidence in Fano Labs' growth trajectory.
We're delighted to be supporting Fano Labs' innovative solutions and look forward as they continue to lead advancements in language AI technology.
Feel free to reach out to our team if you want to know more about Fano Labs and the investment.
Click here to read more.
#activeintelligence
Openspace is thrilled to announce that we lead the Series B round for Fano Labs, with participation from HSBC, Greater Good Investment, the family office of Mr. and Mrs. Kenneth Lo, and existing shareholders.
Founded in 2015 by Dr. Miles Wen and Professor Victor Li on Kwok as a spin-off of the University of Hong Kong, Fano Labs is an AI startup specializing in Automatic Speech Recognition (ASR), Natural Language Processing (NLP), and big data technologies.
The solutions that they offer tackle a range of critical challenges through their advanced language AI solutions. Their offerings encompass tackling speech and language challenges prevalent in multilingual environments such as found in Singapore and other regions in Asia. Furthermore, they also focus on developing technologies to automate compliance analysis, improve customer experiences, and protect against fraud.
This fundraising will fuel Fano Labs' expansion into the APAC market, establishing an office in Singapore as the hub for international clients. With a commitment to addressing challenges prevalent in multilingual environments, Fano Labs will direct further investment towards developing its AI language solutions. This includes incorporating additional APAC languages and launching its suite of Large Language Model (LLM) products to enable seamless communication and interaction across diverse linguistic environments.
"Fano Labs' dedication to innovation and its proven track record in the AI space make them an exciting investment opportunity. We believe that Fano's expansion into the APAC market will unlock new avenues for growth and reinforce its position as a leader in the industry," said Jessica Huang Pouleur, our Partner, expressing our confidence in Fano Labs' growth trajectory.
We're delighted to be supporting Fano Labs' innovative solutions and look forward as they continue to lead advancements in language AI technology.
Feel free to reach out to our team if you want to know more about Fano Labs and the investment.
Click here to read more.
#activeintelligence
