Snips Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 80

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $36.3M

Snips General Information

Description

Provider of an artificial intelligence based voice platform designed to solve the problem of how humans and machines communicate with each other. The company's platform uses on-device automated speech recognition and offers hotword detection, speech recognition, natural language understanding and dialog management, enabling application developers and businesses to get an understanding of user's context by analyzing their location, calendar, emails, contacts and more.

Contact Information

Website
www.snips.ai
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 18 rue Saint Marc
  • 75002 Paris
  • France
Primary Industry
Communication Software
Other Industries
Software Development Applications
Acquirer
Sonos
Vertical(s)
SaaS, Artificial Intelligence & Machine Learning, TMT, Mobile
Corporate Office
  • 18 rue Saint Marc
  • 75002 Paris
  • France

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Snips Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Merger/Acquisition 14-Nov-2019 $36.3M Completed Generating Revenue
6. Accelerator/Incubator 22-Jun-2018 Completed Generating Revenue
5. Accelerator/Incubator 25-Sep-2017 Completed Generating Revenue
4. Accelerator/Incubator 07-Sep-2017 Completed Generating Revenue
3. Early Stage VC (Series A) 14-Jun-2017 Completed Generating Revenue
2. Early Stage VC $1.7M $5.05M Completed Startup
1. Seed Round 26-Jun-2015 $6.03M $3.35M Completed Startup
To view Snips’s complete valuation and funding history, request access »

Snips Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A
Seed
Ordinary 10,020 $1.120411
To view Snips’s complete cap table history, request access »

Snips Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of an artificial intelligence based voice platform designed to solve the problem of how humans and machines com
Communication Software
Paris, France
80 As of 2019

Montreal, Canada
 

Palo Alto, CA
 
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Snips Competitors (19)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
North Side Corporation Montreal, Canada
Wit.AI Formerly VC-backed Palo Alto, CA
MindMeld Formerly VC-backed San Francisco, CA
nVoq Venture Capital-Backed Boulder, CO
Voicegain Venture Capital-Backed Dallas, TX
You’re viewing 5 of 19 competitors. Get the full list »

Snips Patents

  • 12

    Total Documents Applications and Grants

  • Total Patents Families

  • 5

    Granted

  • 1

    Pending

  • Expiring in next 12 mo

Snips Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-3822964-A1 System and method for on-device open-vocabulary keyword spotting Inactive 15-Nov-2019
US-11200889-B2 Dilated convolutions and gating for efficient keyword spotting Active 15-Nov-2018
US-20220277736-A1 Dilated convolutions and gating for efficient keyword spotting Active 15-Nov-2018
US-11741948-B2 Dilated convolutions and gating for efficient keyword spotting Active 15-Nov-2018
US-20240062747-A1 Dilated convolutions and gating for efficient keyword spotting Pending 15-Nov-2018 G10L15/16
To view Snips’s complete patent history, request access »

Snips Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Snips Former Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds
500 Global Venture Capital Minority
Bpifrance Sovereign Wealth Fund Minority
Brent Hoberman Angel (individual) Minority
Business France Tech Accelerator/Incubator Minority
Eniac Ventures Venture Capital Minority
You’re viewing 5 of 12 investors. Get the full list »

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Snips FAQs

  • When was Snips founded?

    Snips was founded in 2013.

  • Who is the founder of Snips?

    Rand Hindi Ph.D, Michael Fester Ph.D, and Maël Primet Ph.D are the founders of Snips.

  • Where is Snips headquartered?

    Snips is headquartered in Paris, France.

  • What is the size of Snips?

    Snips has 80 total employees.

  • What industry is Snips in?

    Snips’s primary industry is Communication Software.

  • Is Snips a private or public company?

    Snips is a Private company.

  • What is the current valuation of Snips?

    The current valuation of Snips is .

  • What is Snips’s current revenue?

    The current revenue for Snips is .

  • How much funding has Snips raised over time?

    Snips has raised $18.5M.

  • Who are Snips’s investors?

    500 Global, Bpifrance, Brent Hoberman, Business France Tech, and Eniac Ventures are 5 of 12 investors who have invested in Snips.

  • Who are Snips’s competitors?

    North Side, Wit.AI, MindMeld, nVoq, and Voicegain are some of the 19 competitors of Snips.

  • When was Snips acquired?

    Snips was acquired on 14-Nov-2019.

  • Who acquired Snips?

    Snips was acquired by Sonos.

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