Tech Company Financing Transactions
Speechmatics Funding Round
Speechmatics closed a $62 million Series B funding round on 6/28/2022. Backers included Susquehanna Growth Equity, Albion Capital and IQ Capital Fund.
Transaction Overview
Company Name
Announced On
6/28/2022
Transaction Type
Venture Equity
Amount
$62,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to expand operations, its business reach across the United States and Asia-Pacific, as well as its development efforts, improving infrastructure -- particularly data centre capacity -- and advancing its research and development to deliver accurate understanding of more voices.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Unit 296 Cambridge Science Park Milton Rd.
Cambridge, CB4 0WD
UK
Cambridge, CB4 0WD
UK
Phone
Website
Email Address
Overview
The Speechmatics story began in the 1980s when founder Dr. Tony Robinson pioneered the approach of applying neural networks to speech recognition. Today's computing power, along with the rise of graphics processing and cloud computing has pushed the potential of his approach. We're nearing the point where computers truly understand us.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
David Quantrell
Chief Executive Officer
Katy Wigdahl
Chief Technical Officer
Boaz Zehavi
Founder
Tony Robinson
Vice President
Will Williams
VP - Sales
Ricardo Herreros-Symons
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