Amazon launches $100m voice tech fund

Retail Tech Innovation editors
29 Jun 2015
00:00

Amazon is committing $100 million to its newly announced Alexa Fund to support developers, manufacturers, and start-ups who are passionate about creating new experiences designed around the human voice.

Named for Alexa, the cloud-based voice service that powers Amazon Echo, the fund is open to anyone with an innovative idea for how voice technology can improve customers’ lives.

“Experiences designed around the human voice will fundamentally improve the way people use technology,” said Jeff Bezos, Amazon.com Founder and CEO.

“Since introducing Amazon Echo, we’ve heard from developers, manufacturers, and start-ups of all sizes who want to innovate with this new technology. With the Alexa Fund, we want to empower people to explore the boundaries of voice technology. We’re eager to see what they come up with.”

Amazon said it is looking for unique or novel applications of voice technology that leverage the Alexa Skills Kit (ASK) or the Alexa Voice Service (AVS), which were also announced the same day.

ASK is a a collection of self-service APIs and tools that make it fast and easy for developers to create new voice-driven skills and capabilities for Alexa. AVS, on the other hand, is the same service that powers Amazon Echo, is now available to third party hardware makers who want to integrate Alexa into their devices—for free.

The Alexa Fund is launching with seven initial investments:

1. Orange Chef - a start-up that has created a new product for the kitchen called “Countertop,” a mobile app that connects to an ecosystem of cooking tools such as blenders and slow cookers to measure and track ingredients placed into those devices.

2. Scout Alarm - a do-it-yourself home security system provider and connected security device maker. The system includes a hub, entry sensors, motion detectors and a smartphone companion app.

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