Altavo closes seed funding round
The voice prosthesis start-up was able to close its seed financing round and win High-Tech Gründerfonds as an investor.
The start-up Altavo, a spin-off of the TU Dresden, was able to successfully close its seed financing round. In addition to High-Tech Gründerfonds (HTGF), Technologiegründerfonds Sachsen (TGFS), Saxonia Systems Holding GmbH and TUDAG TU Dresden AG are also investing. The exact amount of the investments is not known. The start-up plans to use the newly acquired capital for the development phase and the clinical pilot studies that will then follow.
"At Altavo, we want to give a big piece of quality of life back to voiceless people - their own, natural-sounding voice," says Rudolf von Bünau, CEO and co-founder, explaining the vision of the Dresden-based startup. The company, which was only founded in February 2021, is developing a prosthesis that is intended to help voiceless people regain a natural-sounding voice, for example after a laryngectomy. Key technology components include non-invasive radar sensors and AI algorithms for speech synthesis. Altavo is collaborating with TU Dresden on the development of these technologies.
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Investor
2007
Leipzig
Technologiegründerfonds Sachsen (TGFS)
TGFS is a regional venture capital fund which invests in startups headquartered in the State of Saxony / Germany
Investor
2005
Bonn
High-Tech Gründerfonds
HTGF is one of the leading and most active early-stage investors in Germany and Europe.
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