What is Speechmatics?
Speechmatics leverages decades of research and experience in neural networks to provide advanced ASR technology. Their platform has already transcribed millions of hours of audio, supporting a diverse range of use cases and applications for world-leading companies. By enabling a speech-enabled future, Speechmatics aims to place speech at the core of communication, offering solutions that are adaptable to any industry or language requirement. The company's commitment to innovation in deep tech and AI positions it as a key player in the global market.
How much funding has Speechmatics raised?
Speechmatics has raised a total of $69.3M across 2 funding rounds:
Series A
$7.3M
Series B
$62M
Series A (2019): $7.3M with participation from IQ Capital and Albion Capital Group
Series B (2022): $62M led by IQ Capital, Susquehanna Growth Equity, and Albion Capital Group
Key Investors in Speechmatics
IQ Capital
IQ Capital is a venture capital firm specializing in deep-tech investments, including AI and machine learning, with a strong track record of supporting global-dominating companies.
Susquehanna Growth Equity
Susquehanna Growth Equity is a growth equity fund focused on software, SaaS, data, and internet technologies, providing capital to scaling companies in the tech sector.
Albion Capital Group
Albion Capital Group is an investment firm that provides funding for technology and healthcare companies, with a focus on growth-stage businesses.
What's next for Speechmatics?
With the infusion of $62M in a major strategic investment, Speechmatics is poised for significant expansion. This capital injection, part of its overall $69.3M in backing, will likely fuel further research and development into its core ASR engine, enhance its global market reach, and strengthen its enterprise-level offerings. The company's focus on building the most accurate and flexible speech technology suggests a strategic push into new verticals and geographies, solidifying its position as a dominant force in the speech AI landscape.
See full Speechmatics company page
