- Published on January 4, 2024
- In Deep Tech
Conversational AI Startup Coqui Shuts Down
“I can confidently say that we pushed the state-of-the-art for generative speech technology... before it was called "generative" 🙂” writes Josh Meyer.
Image by Nikhil Kumar
- By K L Krithika
Coqui, a conversational AI startup, on Wednesday (January 3, 2023), announced that it is shutting down its operation, most likely due to funding crunch and monetisation challenges.
Founded in 2021 by Eren Gölge, Josh Meyer, Kelly Davis, Reuben Morais, the company specialises in building open source models and applications in the area of quick voice cloning, text-to-voice, etc. The former employees of Mozilla, left the company after it stopped developing their own Speech-to-text engine, DeepSpeech to begin Coqui.
The shutting down of the company comes as a surprise as it had raised a funding of $3.3M in March last year. Morais announced the end of the company to their subscribers through e-mail in early December saying, “We have made the difficult decision to discontinue our paid
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K L Krithika
K L Krithika is a tech journalist at AIM. Apart from writing tech news, she enjoys reading sci-fi and pondering the impossible technologies, trying not to confuse it with reality.
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