Amsterdam-based longform.ai secures funding to extract insights from audio data through GenAI

Amsterdam-based longform.ai, a UvA spin-off, developing a subscription-based AI service, announced on Thursday, July 4, that it has secured €300K from Innovatiefonds Noord-Holland.

Online conversations, such as podcasts and webinars, are rapidly growing and becoming increasingly important sources of information for analysts, researchers, and business decision-makers.

This presents a new challenge: with thousands of hours of relevant conversations, it’s difficult to extract the truly important elements.

Here’s where longform.ai tackles this challenge by using cutting-edge generative AI.

Pim Stouten, Co-Founder of longform.ai, says, “Being fully informed about the markets, companies, and topics relevant to you is a growing challenge. By compressing audio such as podcasts and webinars into searchable and combinable insights, longform.ai makes the life of analysts and researchers a lot easier.”

Founded by Paul Groth and Pim Stouten in 2023, longform.ai is developing a platform that deploys generative AI to extract insights from large amounts of audio data.

Longform.ai combines a unique technology pipeline with curated sources and AI-generated data, delivering relevant and valuable insights to its customers.

The investor

The Innovation Fund North Holland is an initiative of the Province of North Holland, the University of Amsterdam, Vrije Universiteit, Hogeschool van Amsterdam, Amsterdam UMC, and Sanquin. 

The Fund supports entrepreneurs in the province of North Holland in financing innovation in the Proof-of-Concept phase by providing convertible loans. 

The Innovation Fund North Holland manages two funds – a fund for innovative startups, supported by the RVO, and a fund for academic startups, supported by ERDF. 

Ludolf Stavenga, fund manager of Innovatiefonds Noord-Holland: “Great to support a strong team consisting of heavyweights in AI and B2B data in the development of software to extract from huge amounts of unstructured data just that interesting crucial information to see trends, not miss anything and be able to get ahead of the competition.”