Voicit, the startup finalist in Alhambra Venture 2023, revolutionizes meeting documentation with Artificial Intelligence.

The company offers automatic summaries and advanced conversation analysis to improve the efficiency and quality of business services.

Voicit is a startup specialized in the documentation of meetings through Artificial Intelligence that has managed to reach the tenth edition of Alhambra Venture as a finalist.

The company, founded by Álvaro Arrescurrenaga Sánchez (CEO and co-founder) and Rafa Torres García (CTO and co-founder), stands out for its innovative approach to generating automatic summaries and advanced analysis of information extracted from conversations. Aiming to solve the inefficiency and high costs associated with meeting documentation, Voicit has become a must-have solution for consulting, human resources and communication companies.

The Voicit project arose in response to the growing demand for time and resource optimization in the business environment. In an ever-changing world, the 2020 pandemic has driven the use of video calls as a primary tool for holding meetings, creating a document overload for companies. After interviewing various sectors and finding that the time investment in documenting meetings was excessive and costly, Voicit’s founders found in Artificial Intelligence, and in particular in natural language processing, a viable solution to automate such processes.

Voicit stands out for two proprietary technologies:
Voicit Intelligence
y
Voicit Analytics
. The first, inspired by ChatGPT, speeds up the search for information and allows the creation of customized automatic summaries. The second analyzes data from multiple meetings to draw valuable conclusions and reduce decision-making risk. With these tools, Voicit’s platform improves the efficiency of documentation-related processes by 70%, allowing participants to focus on conversations and maximize their productivity.

Telefónica, Zurich and Deloitte are already testing it.

Voicit’s product is presented as a B2B software as a service (SaaS).
freemium
offering a monthly subscription based on the number of users who will use the platform to automatically and unlimitedly document meetings. Its initial target audience is focused on the consulting, human resources and communication sectors, where accurate and efficient documentation is essential. Companies such as Telefónica, Zurich, Deloitte and Mahou San Miguel have already shown interest and are testing the tool.

The key to Voicit’s success lies in its ease of use and its ability to generate specialized automated documentation. Unlike its competitors, Voicit stands out for its natural language processing technology, which allows summaries to be tailored to the specific needs of each user. Currently, the startup has more than 400 users, 2 paying customers and more than 100 companies registered on its platform.

By the end of 2023, the entrepreneurs aim to have a turnover of 10,000 euros and 70 customers and 400 paying users.

Voicit’s top priority for this year is to penetrate the Spanish market, taking advantage of the opportunity of a sector that is still under-exploited. Its main focus will be on the human resources and consulting verticals, where the demand for a solution such as Voicit is high.

However, Voicit’s expectations go much further. Starting in 2024, once they have found the perfect fit between their product and the market, they plan to scale their sales team and expand to other countries such as Mexico and Chile, selected for their market size and business opportunities. With the goal of reaching a turnover of €9 million ARR in 2026, Voicit is pursuing a broader vision: connecting people’s knowledge quickly and efficiently to accelerate the progress of humanity.

Seeking investors with experience in B2B SaaS business

To achieve its ambitious goals, Voicit is participating in Alhambra Venture 2023, a benchmark event in the field of entrepreneurship and innovation. They hope to take advantage of this opportunity to meet people who can boost their business both economically and by providing specialized knowledge in the sector. In addition, they want to develop a different perspective on Voicit from investors with experience in B2B SaaS businesses.

In short, Voicit is at an exciting point in its entrepreneurial journey. With clear short- and long-term goals, they are determined to make a difference in the meeting documentation market. Their participation in Alhambra Venture 2023 provides them with a platform to showcase their innovative product and establish key connections that will drive their growth. With Voicit, the future of meeting documentation is taking shape, promising greater efficiency, better decisions and accelerated progress for businesses and society at large.


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