Clarity Completes Third Round of Venture Funding - Begins Commercializing Its' CVC Voice Enabling Technology.Business Editors/High-Tech Writers TROY, Mich.--(BUSINESS WIRE)--June 6, 2000 Clarity LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Clarity") announced today that it completed its third round of venture funding based on achievement of important technological advances and commercialization milestones with its CVC See CSC. (TM) voice enabling technology. On June 2, Clarity completed a $2.5 million round of private venture funding with Duchossois TECnology Partners, LLC based in Elmhurst, Illinois Elmhurst is a suburb of Chicago in DuPage County, Illinois. The population was 42,762 at the 2000 census. History Members of the Potawatomi Indian tribe, who settled along Salt Creek just south of where the city would develop, are the earliest known settlers of the . The financing comes on the heels of two successful industry trade shows where Clarity introduced its proprietary Clear Voice Capture(TM) software technology. Most recently, Clarity exhibited at the 19th annual conference of the Applied Voice Input/Output Society in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. . Co-developer of Clarity's Clear Voice Capture(TM) CVC(TM) software technology, Professor Fathi Salam of Michigan State University Michigan State University, at East Lansing; land-grant and state supported; coeducational; chartered 1855. It opened in 1857 as Michigan Agricultural College, the first state agricultural college. addressed an audience of industry leaders stating, "...we have concluded and the data demonstrates that Clarity's CVC(TM) technology provides dramatic and unmatched improvement in speech recognition rates." Applications for Clarity's CVC technology include: speech recognition software, voice based command and control, voice authentication, and voice communications, such as Internet (VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a ) and cellular telephony. The technology can be embedded into many consumer products, including Automotive Telematics, desktop, laptop and palmtop palmtop or hand-held personal computer, lightweight, small, battery-powered, general-purpose programmable computer. It typically has a miniaturized full-function, typewriterlike keyboard for input and a small, full color, liquid-crystal display computers, personal-digital assistants, cellular-phones, intelligent home appliances, educational toys What is an educational toy? ''' Toys, and educational toys, are typically built for and used by children. One could make the argument that an educational toy is actually any toy. Most children are constantly interacting with and learning about the world. , and voice recording devices. "We believe Clarity may have achieved the breakthrough that the rapidly growing voice interface and speech recognition industry has been desperately searching for, extraction of the voice sound of interest while eliminating unwanted background noises," said Dan Phelps, Senior Investment Officer, Duchossois TECnology Partners, LLC. Duchossois TECnology Partners, LLC is a $100 million venture capital fund focused principally on early stage technology companies in the areas of software development, telecommunications and healthcare. Duchossois TECnology Partners, LLC is an affiliate of Duchossois Industries, Inc. a $1.3 billion family owned multi-national corporation with over 8,000 employees. Previous investors include Sloan Ventures, a venture capital firm based in Birmingham, MI who participated in the arrangement of this financing. Clarity's objective is to be a leading provider of software products that improve voice activated human-machine interfaces and the quality and efficiency of telecommunication systems. Clarity's primary strategy for achieving this goal is entering into co-development alliances and licensing arrangements with Original Equipment Manufacturers and suppliers in a broad range of industries, as well as semiconductor manufacturers and telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. operators worldwide. All product names and trademarks mentioned herein are trademarks of Clarity. |
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