US-based Lovo is one of the startups exploring synthetic speech technology, with a system capable of reading out text in more than 180 different ‘voice skins’ – AI-powered natural human voices. Now the company has raised a $4.5m funding round, and there’s a music angle.
South Korean company Kakao Entertainment led the round, and has plans to use Lovo’s technology in its music business. “I’m excited for Lovo’s synergies with Kakao Entertainment’s future endeavours in the entertainment vertical, especially with web novels and music,” is how Kakao’s J.H. Ryu put it. “AI technology is opening the doors to a new market for audio content, and we expect a future where an individual’s voice will be utilised effectively as an intellectual property and as an asset.”
That’s the music potential with Lovo and other startups (Replica in Australia for example) in its field: turning artists’ voices into these ‘voice skins’ opens up some interesting licensing and marketing opportunities.