Echo Labs Secures Record $7.4 Million in Pre-Seed Funding to Transform Access to Education
[Chicago, January 10, 2024] – Today, Echo Labs announces an extraordinary leap in its journey, securing a historic $7.4 million in pre-seed funding, the highest ever in Chicago startup history. Coming on the heels of the company's initial $2M pre-seed round, this considerable expansion, sparked by overwhelming investor interest, highlights the growing recognition of AI's role in transforming accessibility. “This isn't just capital; it's rocket fuel for our team’s vision to democratize media accessibility,” says Echo Labs’ CEO and co-founder, 20-year-old Edward Aguilar.
Kickstarting the Higher Education Pilot Program
Echo Labs is excited to channel these resources into our new educational pilot program. Beginning this Friday, January 12th, we invite a selected group of higher education institutions to experience our state-of-the-art transcription technology ahead of the rest. This white-glove service includes seamless integration with Learning and Video Management Systems and an unlimited, month-long transcription pass. Participants will have the unique opportunity to enhance their content's reach, making it more universally accessible through our pioneering transcription and audio description services, offered as a complimentary part of this pilot program. We invite forward-thinking schools to not just watch the future unfold, but be a part of it. Interested institutions can apply to join our initiative and lead the way in accessible education here: http://tinyurl.com/echolabs
Echo Labs Key Features:
- Exceptional Accuracy: Echo Lab's transcription services boast an industry-leading, ADA-compliant 99% accuracy rate, minimizing errors and providing users with reliable and polished transcriptions - no matter how technical the subject matter.
- Rapid Turnaround: Say goodbye to long waiting times. Our platform dramatically accelerates the transcription process, delivering results in record time without compromising quality - 24 hours guaranteed, at no extra cost.
- Plug-and-Play Integration: Echo Lab's transcription services are designed for immediate integration with top-tier Learning Management and Video Management Systems. This plug-and-play compatibility streamlines the process for instructors, allowing them to focus on teaching without worrying about technical complexities.
About Echo Labs
At Echo Labs, our mission is anchored in a profound commitment to making accessibility not just an option, but the default in every educational institution. Our AI-powered platform delivers unparalleled accuracy in capturing lectures, discussions, and educational content - ensuring that every student has equal access. For more information about Echo Lab's transcription services or to become one of our pilot universities, please visit el.ai or contact sales@el.ai.
Media Contact:
Claudia Cregg
Email: press@el.ai
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1moAre you currently hiring? It's been days with no response about my application.
Entrepreneur
1moThis is a very interesting addition. I will follow to see where it all goes.
Retired
4moAs a former transcriptionist, I truly appreciate this technology and am excited to see where it goes. I have a daughter who could benefit from this!
Executive Director @ University of Chicago | PhD in Mathematics, Data Science
5moCongrats Echo Team! We are proud of this accomplishment and it was great having you in cohort two of our joint UChicago Data Science Institute - Polsky Center at the University of Chicago Transform accelerator!
Territory Sales Manager @ Shearer Supply | New Business Development
5moJust messaged you!