Voice Recognition Scaleup Speechmatics Raises £50M For Us And Asia Expansion
06/28/22, 6:02 AM
Money raised
£50 million
Speech recognition software company Speechmatics has raised $62m (£50.3m) to aid its expansion into the US and Asia-Pacific in its recent Series B round led by Susquehanna Growth Equity.
Company Info
Additional Info
The AI company will also use the Series B capital to improve its data centre capacity as well as research and development. Last year the company launched its speech-to-text service on Microsoft’s Azure Marketplace.Jonathan Klahr, managing director, Susquehanna Growth Equity said: “We started tracking Speechmatics when our portfolio companies told us that again and again Speechmatics win on accuracy against all the other options including those coming from ‘Big Tech’ players.” The funding follows on from its £6m Series A in October 2019.Speechmatics has offices in Cambridge, London, Boston, USA, Chennai, India and Czech Republic.