- UK-based ChatableApps recently announced that it raised a seed round of funding from Mark Cuban
UK-based ChatableApps is a company that is developing a hearing assistance app based on research by auditory neural signal processing expert Dr. Andy Simpson. The company recently announced it raised a seed round of funding from Mark Cuban, according to TechCrunch. What ChatableApps does is provide hearing assistance in real-time by removing the background noise.
The company was also founded by Brendan O’Driscoll, Aidan Sliney, and George Boyle. This is the original team behind music discovery company Soundwave (acquired by Spotify). Giles Tongue serves as the CEO of the company and he is known for previously working as the Director of Business Operations and Chief Growth Officer at NURVV.
Tongue told TechCrunch that Dr. Simpson brings together the “auditory neuroscience, auditory perception, neural signal processing, and artificial Intelligence.”
Currently, the Chatable hearing assistant app is available in the Google Play Store and it is in open beta. However, it is currently in “pre-launch” mode.
Chatable works as a “click and go” universal hearing aid solution. The app was built to work on any modern day £100 smartphone and with regular ear buds.
Chatable is going to generate revenue with a subscription model by charging £9.99 per month. And the revenue generated from this model will be used to ramp up the product on other platforms. The iPhone version of the app is in private beta as of right now.
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