Total amount raised
£56.7 Millions
Latest funding date
09/01/2022
Location
Speechmatics has developed enterprise-grade APIs for speech-to-text and voice AI agents, leveraging advanced ASR (Automatic Speech Recognition) technology to deliver high transcription accuracy and support for over 50 languages. Their platform processes 500 years of audio monthly, recognizing diverse accents, dialects, and speakers in real-time or from recorded media.
Keep reading to explore the intricacies of Speechmatics' fundraising journey and the investors backing this innovative platform.
What Is Speechmatics?
Speechmatics specializes in AI speech technology, offering enterprise-grade APIs for speech-to-text and voice AI agents. Their technology is designed for high accuracy and real-time transcription, capable of processing large volumes of audio and recognizing diverse accents and dialects.
Operating within the AI speech technology and speech-to-text API industry, Speechmatics serves various sectors, including media, healthcare, and customer service. They provide tools for transcription, translation, and voice interaction, emphasizing innovation and quality to deliver superior conversational quality and transcription accuracy.
How Much Funding Has Speechmatics Raised?
- Venture Round
- Amount Raised: -
- Date: January 2017
- Lead Investors: -
- Series A
- Amount Raised: £6.4M
- Date: October 2019
- Lead Investors: AlbionVC, IQ Capital
- Series B
- Amount Raised: £50.3M
- Date: June 2022
- Lead Investors: Susquehanna Growth Equity
- Non-Equity Assistance
- Amount Raised: -
- Date: September 2022
- Lead Investors: Future Fifty
Speechmatics has raised a total of £56.7M in funding.
Key Investors
- Susquehanna Growth Equity
- Details: Susquehanna Growth Equity is a private equity and venture capital firm that invests in growth-stage technology companies. They focus on partnering with entrepreneurs to build market-leading businesses.
- Investment Focus Areas: Financial technology, software, internet.
- Notable Investments: Credit Karma, Payoneer, Whitepages.
- AlbionVC
- Details: AlbionVC is a venture capital firm that invests in early-stage technology and healthcare companies. They aim to support innovative businesses with high growth potential.
- Investment Focus Areas: Healthcare, software, digital health.
- Notable Investments: Quantexa, Healx, Arecor.
- IQ Capital
- Details: IQ Capital is a venture capital firm that specializes in deep tech investments. They focus on companies with transformative technology and strong intellectual property.
- Investment Focus Areas: Artificial intelligence, machine learning, data science.
- Notable Investments: Privitar, Thought Machine, Paragraf.
- Future Fifty
- Details: Future Fifty is a government-backed program that supports high-growth tech companies in the UK. They provide access to expertise and networks to help companies scale.
- Investment Focus Areas: Technology, innovation, growth-stage companies.
- Notable Investments: Not publicly disclosed.
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