Hyderabad based QTech has an interesting product called reQall which allows users to instantly record voice notes using mobile devices. The software then recognizes the speech and organizes the recording. The recordings are searchable using keywords, and reminders can be the set. (more in this release)
As per the Demo website, QTech has received $2.5 million in venture funding from “California and Hong Kong–based venture groups”. Here’s a CNN story (on YouTube) on the company’s research. According to the report, they’re currently working on sorting out issues related to privacy laws, and how to prevent these recordings from being subpoenaed are still to be worked out.