SpeakerText, a scrappy startup that automates video transcriptions through a combination of clever algorithms and crowdsourcing, raised $600,000 from a group of angel investors led by Mitch Kapor. The other investors include Dave McClure's 500 Startups, Crowdflower CEO Lukas Biewald, Roy Rodenstein, Chris Yeh, and ex-Googler Georges Harik The challenge most publishers face with video is that it is still hard to find. SpeakerText addresses this issue by automatically transcribing every video in a SEO-friendly format so that videos turn into searchable transcripts. The videos are put through a speech-to-text engine to start, and then broken up into chunks which are sent to remote online transcribers who fix any errors. 
Source: http://feedproxy.google.com/~r/Techcrunch/~3/Ri-8dI2gB4w/
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