Albion VC leads £6.35m series-A for Speechmatics

Previous backer IQ Capital and several angel investors also took part in the round.

The company plans to use the fresh funding to further boost its product development and geographical expansion, open new offices in the US, the Czech Republic and India, and scale up its team from 50 to 100 staff by the end of the year.

Previous funding
Speechmatics raised a seed round in January 2017 from IQ Capital and Amadeus Capital Partners.

Company
Established in 2009 and headquartered in Cambridge, Speechmatics specialises in machine learning and automatic speech recognition. Its technology is currently available in 29 languages and includes, among its applications, instant transcription of audio files, live subtitling in broadcast and the conversion of call-centre recordings into text. 

People
Speechmatics – John Milliken (CEO). 
Albion VC – Robert Whitby-Smith (partner).
IQ Capital – Ed Stacey (managing partner).

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