6 years ago

Speechmatics Secures €7.5 Million for Global Expansion of Speech Recognition Technology

  • Speechmatics, a leading European provider of machine learning and automatic speech recognition software, has raised €7.5 million in Series A funding led by Albion VC

  • The funding will be used to support Speechmatics' global growth ambitions, including product development and geographical expansion with new offices in Denver, Brno, and Chennai

  • The company's technology is available in 29 languages and is used for applications such as transcription, live subtitling, and call center recording conversion.

      • ProblemTechnology

      "Businesses need to unlock their voice data and utilize it for core business functions such as compliance, analytics, training and improving customer experience. Current speech recognition technology is not accurate enough or flexible enough to meet these needs."

      Solution

      "Speechmatics provides a highly accurate speech recognition technology engine that is available in 29 languages and can be deployed in the cloud, on-premises, or on-device. This allows businesses to unlock their voice data and use it for a variety of purposes."

      Covered on