FOR IMMEDIATE RELEASE: ECHO LABS ANNOUNCES $7.4M PRE-SEED ROUND.

Echo Labs Breaks New Ground with AI Transcription Technology - Secures Record $7.4 Million in Pre-Seed Funding to Transform Access to Education

FOR IMMEDIATE RELEASE


Echo Labs Breaks New Ground with AI Transcription Technology - Secures Record $7.4 Million in Pre-Seed Funding to Transform Access to Education


[Chicago, January 10, 2024] – Today, Echo Labs announces an extraordinary leap in its journey, securing a historic $7.4 million in pre-seed funding, the highest ever in Chicago startup history. Coming on the heels of the company's initial $2M pre-seed round, this considerable expansion, sparked by overwhelming investor interest, highlights the growing recognition of AI's role in transforming accessibility. “This isn't just capital; it's rocket fuel for our team’s vision to democratize media accessibility,” says Echo Labs’ CEO and co-founder, 20-year-old Edward Aguilar.

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[Echo Labs is excited to channel these resources into our new educational pilot program. Beginning this Friday, January 12th, we invite a selected group of higher education institutions to experience our state-of-the-art transcription technology ahead of the rest. This white-glove service includes seamless integration with Learning and Video Management Systems and an unlimited, month-long transcription pass. Participants will have the unique opportunity to enhance their content's reach, making it more universally accessible through our pioneering transcription and audio description services, offered as a complimentary part of this pilot program. We invite forward-thinking schools to not just watch the future unfold, but be a part of it. Interested institutions can apply to join our initiative and lead the way in accessible education by clicking here.


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About Echo Labs:


At Echo Labs, our mission is anchored in a profound commitment to making accessibility not just an option, but the default in every educational institution. Our AI-powered platform delivers unparalleled accuracy in capturing lectures, discussions, and educational content - ensuring that every student has equal access. For more information about Echo Lab's transcription services or to become one of our pilot universities, please visit el.ai or contact [email protected].


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Claudia Cregg
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