Vestec has secured a $1.5 million equity investment from V. Raman Kumar, founder and former CEO of clinical documentation company MModal.
Mr. Kumar has joined Vestec’s board as vice chairman. He will also oversee the development of products and services for the global industry with a special focus on healthcare.
Vestec was founded by a group of Artificial Intelligence (AI) researchers from the University of Waterloo, Canada, under the chairmanship of Dr. Fakhri Karray. Vestec is working on speech technologies using Artificial Intelligence (AI) research. The company is currently developing aText-to-Speech (TTS) engine.