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22nd October 2019

Speechmatics raises £6.35 million from AlbionVC to fund global expansion

Speechmatics, the leader in machine learning and automatic speech recognition, has raised £6.35m in Series A funding led by AlbionVC; IQ Capital followed on in this round along with several angel investors.      

 

Speechmatics has built one of the most accurate speech recognition technology engines in the worldThe technology is currently available in 29 languages, either in the cloud or, crucially, on-premises ­– a critical feature for businesses who do not wish or are unable to share data in the cloud. The diversity of languages and accuracy of the technology sets Speechmatics apart from other global brands in speech recognition.

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