The company is developing a gamified AI-based solution for speech therapy, and will use the funds to complete development and launch its first products
July 15th – Tel-Aviv. For immediate release
TikTalk2Me, a Digital Therapeutics company developing a ground-breaking solution for speech therapy has announced the completion of a post-seed round totaling $ 1.3 M. The round was led by insider investors, strategic partners and private investors, and was leveraged by a significant support from the Israeli Innovation Authority.
During the incubator period the company has completed development of its core AI Voice Recognition engine and its first product, ArticulateIT, a gamified treatment platform driven by proven treatment protocols. While the therapist retains full control over the treatment and progress management, the technology enables digital offline and online tele-therapy, providing the patients with immediate automated and personalized feedback while at home. Treatment is available in English and Hebrew, and the platform has completed a highly successful pilot in the southern district of the Maccabi Health Services speech therapy clinics. The company has also expanded its team, submitted patents and is exploring translation of the platform to additional languages such as Chinese and Russian.
Raphi Nassi, CEO of TikTalk2Me: “We are happy to have completed the follow-on fundraising round. We have built significant value during the past 2 years and the funding will be used to complete development and begin the process of launching this innovative solution for the benefit of healthcare providers, speech therapists and of course, the patient’s themselves”.
Talor Sax, CEO of eHealth Ventures, added: “We are proud of the progress TikTalk has achieved and of the experienced and super-committed management team. The solution TikTalk is developing answers an acute medical need and applies strong AI capabilities within the sector of Digital Therapeutics, one of the most attractive areas in the field of Digital Health. The financing is the completion of a long process of value building which the company has gone through during the incubation period and we expect many more achievements and success in the near future”.
About eHealth Ventures
eHealth Ventures is leading Digital Health incubator established in 2016 by Maccabi Health Services, a top HMO in Israel, the Cleveland Clinic, Amgen, Medison and other international partners. The incubator has reviewed over 850 promising projects and technologies and has invested in eight disruptive companies, strategically focusing on Digital Diagnostics and Therapeutics.
TikTalk uses the latest advances in machine learning and artificial intelligence to develop a highly needed speech therapy platform, combining clinical research and speech recognition technology. This medical innovation presents a virtual assistant for the Speech Pathologists – It is designed to motivate millions of children worldwide suffering from speech development disorders and adults with neurological brain impairments to exercise through clinically proven training protocols in a fun, user-friendly interface making the repetitive training process exciting and rewarding.
The product includes a multilingual speech recognition engine, specially designed video and audio games, enabling speech pathologists to supervise numerous patients and monitor their progress simultaneously. The product will improve and shorten the therapy cycle. It will make high-quality speech therapy accessible to all, bringing urban center’s expertise to rural and peripheral areas. TikTalk will drastically reduce therapy costs to individual users and HMOs.
For additional information:
Raphi Nassi – CEO, TikTalk firstname.lastname@example.org