KoeMei:Online Video Transcription The service platform is one that can help video transcription by adding text to the video to facilitate users to search for useful videos while saving money for users.

The internet is full of various videos, from which you have to Koemei is able to solve this problem by adding text to the video through video transcription technology, which makes it easy for users to view and search.

Headquartered in Switzerland, the startup was originally a seven-year academic research project funded by the European Union in a three-way partnership between the Swiss Institute of Technology, the University of Sheffield and the University of Edinburgh, with a total investment of about $30 million in the project. Koemei later bought all the intellectual property rights and applied for a patent to use the platform to provide video transcription services for users.

One of Koemei's major advantages is that it saves users money on transcription: the average manual transcription charge is high, $5/minute; Koemei is $0.09/minute. Koemei estimates that it will generate approximately $16 billion in annual revenue from transcription services, and that this figure will grow at a rate of 21% year over year; enterprise and educational institutions are the most promising markets.

Currently, Koemei's site Nuance has integrated YouTube's API and has conducted successful pilots at the University of Geneva and IMD Business School, and has already generated some revenue. In addition to videos on YouTube and Vimeo, Koemei can also be used for video conferencing, group discussions, presentations, webcasts, and more.