Video Archives

QTech, Inc.

Product Name

reQall

Market Segment

Consumer

Funding

Venture funding from California and Hong Kong–based venture groups, $2.5 million.

Competitors

No direct competitors. Secondary competitors include portable digital voice recorder manufacturers and phone recorder software and hardware solutions (e.g., One Voice’s voice messaging technology).

Product Description

By enabling consumers to use their phones or computers to record anything they say the instant they think of it, reQall helps users remember important numbers, thoughts, tasks and events. It speech recognizes and organizes the recordings and then sends reminders. Users can even search their recordings for key words.

Market Opportunity

As more and more information gets exchanged, individuals need a new way to organize and to remember it on a timely, contextually relevant basis. QTech addresses this by leveraging two key trends: the growing use of voice as a means to exchange information on devices such as laptops, handhelds and cell phones (a market of $485 billion Euros by 2010, according to Nokia); and the integration of speech applications and platforms as a core component of mobile voice (a $10 billion market by 2008, according to Frost and Sullivan).

Demo Says

If you’re like most humans, you do your best thinking away from a computer—sitting in traffic, standing in line or talking to someone at a party. Moments, in other words, in which you don’t have a pen and paper. How great would it be to speed-dial a number, dictate your thought and go about your business? When you return to your computer, you’ll have an email waiting for you reminding you to call Bob about that presentation. Or patent that million-dollar idea you had at the red light. QTech’s reQall application couldn’t be simpler on the surface. But its sophisticated speech recognition and keyword searchability make this a product none of us can afford to live without.