3 years ago

Speechmatics Secures $62 Million to Expand Speech Recognition Software Globally

  • Speechmatics, a UK-based speech recognition software company, has raised $62 million in a Series B funding round led by Susquehanna Growth Equity

  • The company plans to use the funds to expand into the US and Asia-Pacific markets, as well as to improve its data center capacity and research and development efforts

  • Speechmatics's software can understand 34 languages and has been used by companies such as Deloitte UK, 3Play Media, and Veritone.

      • ProblemTechnology

      "Speech recognition software is often inaccurate and biased, making it difficult for machines to understand human language."

      Solution

      "Speechmatics has developed speech-to-text software that can understand 34 languages with high accuracy and reduced bias, using millions of hours of data from hundreds of thousands of voices."

      Covered on