Total amount raised
£56.7 Million
Latest funding date
2022-09-22
Location
Speechmatics has developed AI-driven speech technology, offering speech-to-text and text-to-speech APIs designed for low-latency, multilingual, and multi-speaker conversations. Their platform supports real-time transcription and is used across various industries, including healthcare, media, and contact centers.
Keep reading to explore the intricacies of Speechmatics' fundraising journey and the investors backing this innovative platform.
What Is Speechmatics?
Speechmatics specializes in AI-driven speech technology, offering advanced speech-to-text and text-to-speech APIs. Their solutions are designed for high accuracy, low latency, and multilingual support, catering to various industries such as healthcare, media, and contact centers.
With a focus on security and compliance, Speechmatics provides enterprise-grade solutions that meet stringent privacy standards. They also offer resources and support for developers to integrate their technology into various applications.
How Much Funding Has Speechmatics Raised?
- Non-Equity Assistance
- Date: September 2022
- Lead Investors: Future Fifty
- Series B
- Amount Raised: GBP 50,300,000
- Date: June 2022
- Lead Investors: Susquehanna Growth Equity
- Series A
- Amount Raised: GBP 6,350,000
- Date: October 2019
- Lead Investors: AlbionVC, IQ Capital
- Series Unknown
- Date: January 2017
In total, Speechmatics has raised GBP 56,650,000 across its funding rounds.
Key Investors
- Future Fifty
- Details: Future Fifty is a UK-based program that supports high-growth tech companies. It provides access to expert advice, networking opportunities, and government support.
- Investment Focus Areas: Technology, innovation, growth-stage companies
- Notable Investments: Not publicly disclosed
- Susquehanna Growth Equity
- Details: Susquehanna Growth Equity is a private equity and venture capital firm. They focus on growth-stage companies in the software, information services, and internet sectors.
- Investment Focus Areas: Software, information services, internet
- Notable Investments: Credit Karma, Payoneer, Whitepages
- AlbionVC
- Details: AlbionVC is a UK-based venture capital firm. They invest in early-stage companies with a focus on technology and healthcare.
- Investment Focus Areas: Technology, healthcare, software
- Notable Investments: Quantexa, Healx, Arecor
- IQ Capital
- Details: IQ Capital is a venture capital firm that invests in deep tech companies. They focus on AI, machine learning, and data science.
- Investment Focus Areas: AI, machine learning, data science
- Notable Investments: Privitar, Thought Machine, Paragraf
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